ENERO GROUP LIMITED — Major Shareholding Notification 2014

Aug 14, 2014

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Enero Group Limited (ASX code: EGG)

ABN 97 091 524 515

Details of substantial holder

Name Contango Asset Management Limited

ACN 085 487 421

The holder became a substantial holder on 13/08/2014.

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of Securities	Number of Securities	Person's Votes	**Voting Power **
Ordinary Shares	4,573,037	4,573,037	5.34%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder and Nature of Relevant Interest	Class and Number of Securities	Person's votes Affected
Contango Asset Management Limited (“CAML”), in its capacity as the investment manager for persons or trusts listed besides its name in Paragraph 4, has the power to control voting and/or the disposalofsecurities.	4,573,037 ord shares	4,573,037

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of Relevant Interest	Registered Holder of Securities	Person entitled to be registered holder	Class and Number of Securities	Person's votes Affected
Contango Asset Management Limited	National Nominees Limited	Contango Managed Investment Scheme	Ord Shares	425,934
	National Nominees Limited	Contango Microcap Ltd	Ord Shares	2,940,637
	BNP Paribas Nominees Pty Limited	Media Super Limited Microcap Fund	Ord Shares	1,206,466

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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above is as follows:

Holder of Relevant Interest	Type	Date of Acquisition	Consideration	Number of Ordinary Shares
Contango Asset Management Ltd	On-Market Buy	14-Feb-14	$1,387,062.24	1,525,000
Contango Asset Management Ltd	On-Market Buy	17-Feb-14	$279,905.36	309,983
Contango Asset Management Ltd	On-Market Buy	18-Feb-14	$830,866.27	880,993
Contango Asset Management Ltd	On-Market Buy	24-Mar-14	$17,467.21	17,448
Contango Asset Management Ltd	On-Market Buy	25-Mar-14	$93,132.33	93,030
Contango Asset Management Ltd	On-Market Buy	10-Apr-14	$369,880.99	354,485
Contango Asset Management Ltd	On-Market Buy	14-Apr-14	$135,110.40	134,666
Contango Asset Management Ltd	On-Market Buy	15-Apr-14	$12,044.62	12,005
Contango Asset Management Ltd	On-Market Buy	16-Apr-14	$244,718.92	243,914
Contango Asset Management Ltd	On-Market Buy	23-Apr-14	$1,472.45	1,513
Contango Asset Management Ltd	On-Market Buy	12-Aug-14	$23,626.04	21,804
Contango Asset Management Ltd	On-Market Buy	13-Aug-14	$1,079,370.16	978,196

6. Associates

Not applicable

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Contango Asset Management Limited	Level 27, 35 Collins Street, Melbourne, VIC 3000
Contango Microcap Limited	Level 27, 35 Collins Street, Melbourne, VIC 3000
Contango Managed Investment Scheme	Level 27, 35 Collins Street, Melbourne, VIC 3000
National Nominees Limited	GPO Box 1406, Melbourne, VIC, 3001
BNP Paribas Nominees Pty Limited	PO Box R209, Royal Exchange, NSW 1225
Media Super Limited Microcap Fund	Level 10, 45 Clarence Street, Sydney, NSW 2000

Signature

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GLENN FOWLES COMPANY SECRETARY 15 AUGUST 2014

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