ENERO GROUP LIMITED — Major Shareholding Notification 2016

Mar 17, 2016

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Enero Group Limited (ASX: EGG)
ACN/ARSN	ABN 97 091 524 515
1. Details of substantial holder (1)
Name	Wilson Asset Management Group (refer entities listed in Annexure A)
ACN/ARSN (if applicable)

The holder became a substantial holder on $16/03/2016$

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 (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Shares	5,500,000	5,500,000	6.42%

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 of relevant interest	Nature of relevant interest (7)	Class and number of securities
Wilson Asset Management Group	Refer Annexure B	5,500,000 ordinary shares

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 as holder (8)	Class and number of securities
Refer Annexure B

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)				Class and number of securities
		Cash	Non-cash
Wilson Asset Management Group	16/03/16	\$0.95 per share		5,500,000 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) ---------------------------------------	Nature of association .
Wot applicable	SAMURAGEMENT
_________	________ -------------------------

7. Addresses

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

Name -------------	_________ ----------------------- Address . ---------------------------------------
Refer Annexure B ----	_________
_________	-------------------------------------- --------------------------------------

Signature

print name	Chris Stott .	Chief Investment Officer capacity
sign here	, the committee of the committee of .	18/03/2016 date . . . .

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(8)$ If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

This is Annexure B of 1 page referred to in Form 603

Wilson Asset Management Group

3 and 4. Details of relevant interest / present registered holders

		Persons entitled to be
Holder of relevant Interest	Registered holder of securities	registered as holder	Nature of relevant interest	Class and number of securities
			Management of portfolio of investments
Wilson Asset Management Group	IRBC Investor and Treasury Services IWAM Capital Limited		Iof WAM Capital Limited	3.632.200 Ordinary shares
			Management of portfolio of investments
Wilson Asset Management Group	RBC Investor and Treasury Services WAM Research Limited		of WAM Research Limited	1,702,250 Ordinary shares
			Management of portfolio of investments
		Botanical Nominees Pty Limited	of Botanical Nominees Pty Limited as
		ATF Wilson Asset Management	trustee of the Wilson Asset Management
Wilson Asset Management Group	RBC Investor and Treasury Services Equity Fund		Equity Fund	165,550 Ordinary shares

7. Addresses

Name	Address
Wilson Asset Management (International) Pty Limited	Level 11, 139 Macquarie Street, Sydney NSW 2000
MAM Ptv Limited	Level 11, 139 Macquarie Street, Sydney NSW 2000
IWAM Capital Limited	Level 11, 139 Macquarie Street, Sydney NSW 2000
Botanical Nominees Pty Limited	Level 11, 139 Macquarie Street, Sydney NSW 2000
WAM Research Limited	Level 11, 139 Macquarie Street, Sydney NSW 2000
WAM Active Limited	Level 11, 139 Macquarie Street, Sydney NSW 2000
IRBC Investor and Treaspty Services	Level 34, 2 Park Street, Sydney NSW 2000

$\left[\,\,\right]\,\right]$

Date: 18/03/2016

Signed: