ENERO GROUP LIMITED — Major Shareholding Notification 2015

May 13, 2015

_____________________________________________________ Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

_________________________________________________________________

Enero Group Limited (ASX code: EGG)

To Company Name/Scheme ACN 019 524 515

1. Details of substantial holder (1)

Name Contango Asset Management Limited ACN/ARSN (if applicable) 085 487 421

The date of this notice is 14/05/15

There was a change in the interests of the substantial holder on 14/04/15 The previous notice was given to the company on 15/08/14 The previous notice was dated 15/08/14

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)OrdinaryFullyPaid Shares	Previous noticePerson's votes	Previous notice Votingpower (5)	Present noticePerson's votes	Present Notice Votingpower (5)
	4,573,037	5.34%	5,813,263	6.79%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

follows:
Date of Change	Person whose interest has changed	Nature of change	Consideration	Number of Ord. FullyPaid Shares	Person’s votes
16-Sep-14	Contango Asset Management Limited	On-market sell	-$52,476.25	-45,000	-45,000
17-Sep-14	Contango Asset Management Limited	On-market sell	-$19,365.10	-16,378	-16,378
18-Sep-14	Contango Asset Management Limited	On-market sell	-$27,546.54	-23,622	-23,622
28-Nov-14	Contango Asset Management Limited	On-market buy	$86,986.83	99,656	99,656
2-Dec-14	Contango Asset Management Limited	On-market buy	$469,042.75	550,000	550,000
14-Apr-15	Contango Asset Management Limited	On-market buy	$481,237.56	675,570	675,570

4. Present relevant interests

Contango Asset Management Limited performs the role of investment manager for its clients.

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Registered holder of Securities	Person entitled to be registered holder	Class & No. of Shares	Votes
National NomineesLimited	ContangoManagedInvestment Scheme	Ord 565,619	565,619
National NomineesLimited	ContangoMicrocapLimited	Ord 3,646,615	3,646,615
BNP Paribas Nominees PtyLimited	Media Super Limited MicrocapFund	Ord 1,601,029	1,601,029

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

substantial holder in relation to voting interests in	the company or scheme are as follows:
Name and ACN/ARSN(if applicable)	Nature of association
N/a	N/a

6. 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 MicrocapLimited	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 PtyLimited	PO Box R209,Royal Exchange,NSW 1225
Media Super Limited MicrocapFund	Level 10,45 Clarence Street,Sydney,NSW 2000

Signature

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Name GLENN FOWLES Capacity COMPANY SECRETARY date 14/05/2015