ENERO GROUP LIMITED — Major Shareholding Notification 2016

Jun 22, 2016

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

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

ACN/ARSN 091 524 515

Details of substantial holder

Name Contango Asset Management Limited

ACN/ARSN (if applicable) 085 487 421

The holder became a substantial holder on 20/06/2016.

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	4,300,260	4,300,260	5.02%

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	Person's votes
	of Securities	Affected
Contango Asset Management Limited (“CAML”), in its capacity as
the investment manager for persons or trusts listed besides itsname in Paragraph 4, has the power to control voting and/or the	4,300,260 ord shares	4,300,260
disposalofsecurities.

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 ofSecurities	Person entitled to beregistered holder	Class and Numberof Securities	Person's votesAffected
ContangoLimited	Asset Management	National Nominees Limited	Contango ManagedInvestment Scheme	Ord Shares	551,041
		National Nominees Limited	Contango Microcap Ltd	Ord Shares	2,481,927
		BNP Paribas Nominees PtyLimited	Media Super LimitedMicrocap Fund	Ord Shares	1,267,292

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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 ofAcquisition	Consideration	Number of OrdinaryShares
Contango Asset Management Ltd	Previously held asadvised on 16 Feb2016 in form 605Cease SubstantialHolding	16-Feb-16		4,271,029
Contango Asset Management Ltd	On-Market Buy	20-Jun-16	$ 38,008.40	29,231

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 23 JUNE 2016

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