ENERO GROUP LIMITED — Earnings Release 2007

Aug 21, 2007

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Photon Group Limited ABN 97 091 524 515 Appendix 4E Preliminary final report Year ended 30 June 2007

Results for Announcement to the Market

Rule 4.3A

The current reporting period is 1 July 2006 to 30 June 2007. The previous corresponding reporting period is 1 July 2005 to 30 June 2006.

Key information

Revenues from ordinary activities	up	81.31%	to 307,328
Profit after tax attributable to members	up	37.94%	to 16,325
Net profit for the period attributable to members	up	37.94%	to 16,325
Dividends		Amount per	Franked amount per
		security	security
Interim dividend – paid 3 April 2007		10.0 cents	10.0 cents
Final dividend – payable 18 October 2007		13.0 cents	13.0 cents
Total amount per share		23.0 cents	23.0 cents

The record date for determining entitlements to the final dividend is 28 September 2007.

At the date of this report, there are no dividend reinvestment plans in operation.

The remainder of the information requiring disclosure to comply with listing rule 4.3A is contained in the attached audited 2007 Annual Report and the additional information set out below.

Additional Information

NTA backing	2007	2006
Net tangible asset backing per ordinary share	(1.41)	(1.29)

Explanation of results

Please refer to the attached 2007 Annual Report and Market Presentation for commentary and further information with respect to the results.