ENERO GROUP LIMITED — Director's Dealing 2014

Oct 2, 2014

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Enero Group Limited ABN 97 091 524 515

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Matthew Melhuish
Date of last notice	16 January 2012

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest	Directly held:
(including registered holder)	Matthew Melhuish
Note: Provide details of the circumstances giving rise to the relevant
interest.
	Indirectly held:
	Henawall Pty Limited. Mr Melhuish is a
	director of Henawall Pty Limited.
	Henawall Pty Limited <Melhuish Superfund
	A/C>. Mr Melhuish is a director of Henawall
	Pty Limited.
Date of change	30 September 2014

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Directly held:148,148 share appreciation rights granted on 18August 2011.691,358 share appreciation rights granted on25 October 2012.1,000,000 share appreciation rights granted on31 October 2013.Indirectly held:Henawall Pty Limited ‐ 722,000 ordinaryshares.Henawall Pty Limited <Melhuish SuperfundA/C> ‐ 15,242 ordinary shares.
Class		Ordinary shares (acquired)Share Appreciation Rights (exercised)
Number acquired		354,267 Ordinary shares on exercise of 777,777Share Appreciation rights.
Number disposed		Nil
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation		Share Appreciation Rights vested, exercisedand converted to Ordinary shares with a valueof $407,407for nil consideration.
No. of securities held after change		Directly held:354,267 ordinary shares.395,062 share appreciation rights granted on25 October 2012.666,667 share appreciation rights granted on31 October 2013.Indirectly held:Henawall Pty Limited ‐ 722,000 ordinaryshares.Henawall Pty Limited <Melhuish SuperfundA/C> ‐ 15,242 ordinary shares.
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back		777,777 unlisted Share Appreciation Rightsvested and exercised and converting to354,267 ordinary shares under Enero GroupLimited’s Share Appreciation Rights plan. TheOrdinary shares were transferred from theEnero GroupEmployee Share Trust Account.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Part 2 – ChNote: In the casebe disclosed in tDetail of cNature of iName of re(if issued sDate of chNo. and clinterest relNote: Detailsrelation to whiInterest acInterest diValue/ConNote: If consiand an estimatInterest aftPart 3 –+C	Part 2 – ChNote: In the casebe disclosed in tDetail of cNature of iName of re(if issued sDate of chNo. and clinterest relNote: Detailsrelation to whiInterest acInterest diValue/ConNote: If consiand an estimatInterest aftPart 3 –+C	ange of	director’s inte	rests in contract	rests in contract	s
		of a companhis part.	y, interests which co	me within paragraph (ii) o		f the definitio	n of “notifia	ble interest	of a director”	should
	Detail of c	ontract			n/a
	Nature of i
		nterest			n/a
	Name of re(if issued s	gisteredecurities	holder)		n/a
	Date of ch	ange			n/a
	No. and clinterest relNote: Detailsrelation to whi	ass of sated prioare only rech the intere	ecurities to whr to changequired for a contracst has changed	icht in	n/a
	Interest ac	quired			n/a
	Interest di	sposed			n/a
	Value/ConNote: If consiand an estimat	sideratioderation ised valuation	nnon‐cash, provide de	tails	n/a
	Interest aft	er chang	e		n/a
		losed	riod

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No.
If so, was prior written clearance provided to allow the tradeto proceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3