ENERO GROUP LIMITED — Director's Dealing 2016

Sep 29, 2016

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.

Name of Director	Matthew Melhuish
Date of last notice	21 October 2015

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Directly held:Matthew MelhuishIndirectly held:Henawall Pty Limited. Mr Melhuish is adirector of Henawall Pty Limited.Henawall Pty Limited <Melhuish SuperfundA/C>. Mr Melhuish is a director of HenawallPty Limited.
Date of change		26 September 2016

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Directly held:450,211 ordinary shares.333,334 share appreciation rights granted on31 October 2013.1,000,000 share appreciation rights granted on20 October 2015.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		284,553 Ordinary shares on exercise of666,667Share Appreciation rights.
Number disposed		none
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation		Share Appreciation Rights vested, exercisedand converted to Ordinary shares with a valueof $324,390 for nil consideration.
No. of securities held after change		Directly held:734,764 ordinary shares.666,667 share appreciation rights granted on20 October 2015.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		666,667 unlisted Share Appreciation Rightsvested and exercised and converting to284,553 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.

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder(if issued securities)	n/a
Date of change	n/a
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	n/a
Interest after change	n/a

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