ENERO GROUP LIMITED — M&A Activity 2007

Oct 15, 2007

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16 October 2007

ASX / MEDIA RELEASE

PHOTON GROUP ACQUIRES REMAINING 49% OF THE FOUND AGENCY

Photon Group Limited (ASX:PGA) has acquired the remaining 49% of shares outstanding in The Found Agency (Found) which it did not already own. Found is an online specialist agency based in Sydney. The company’s key focus is search engine marketing comprising of both pay per click advertising management and search engine optimisation.

CEO of Photon, Matt Bailey said, “We continue to focus on building our presence in the internet marketing sector and the acquisition of the remaining 49% of Found further underpins our commitment to this fast growing area. Since Photon’s acquisition of the 51% shareholding in March 2007, Found has been a strong complement to our other businesses as we build this pillar even further.”

Found’s Zak Asani said “Since joining Photon we have been delighted with our partnership and are excited to be part of an organisation which shares Found’s vision for the sector. We look forward to continuing to leverage Photon’s expertise and scale to grow the business further.”

Photon is a specialist market services company comprised of five strategic pillars: Strategic Intelligence, Integrated Communications & Digital, Field & Presence Marketing, Internet Marketing & Communications and Specialised Communication Services.

Contact

Matt Bailey Photon Group Limited 0413 337 722

Zak Asani The Found Agency Pty Limited 0400 396 688

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