ENERO GROUP LIMITED — Major Shareholding Notification 2021

Oct 26, 2021

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

Enero Group Limited (ASX: EGG)

ACN 091 524 515

1. Details of substantial holder (1)

Name Wilson Asset Management Group (refer entities listed in Annexure A)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 25 / 10 / 2021 The previous notice was given to the company on 08 / 06 / 2021 The previous notice was dated 08 / 06 / 2021

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:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary Shares	9,803,364	11.31%	7,726,050	8.78%

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:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
Refer to Annexure B

4. Present relevant interests

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

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Holder of Registered holder Person entitled to be Nature of relevant Class and number Person's votes
relevant of securities registered as holder interest (6) of securities
interest (8)
Refer to
Annexure
C
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604 Page 2 of 2 15 July 2001

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:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

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

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Name Address
Refer to Annexure A
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Signature

re
print name sign here	Martyn McCathie capacity Head of Operations
	date 27/10/2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the 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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of 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

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or 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.

• (7) 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

Wilson Asset Management Group

1. Details of Wilson Asset Management Group

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Name ACN / ARSN
Wilson Asset Management (International) Pty Limited (ACN 081 047 118)
MAM Pty Limited (ACN 100 276 542)
WAM Capital Limited (ACN 086 587 395)
WAM Research Limited (ACN 100 504 541)
WAM Active Limited (ACN 126 420 719)
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund (ACN 081 032 000)
WAM Leaders Limited (ACN 611 053 751)
WAM Microcap Limited (ACN 617 838 418)
WAM Global Limited (ACN 624 572 925)
WAM Strategic Value Limited (ACN 649 096 220)
WAM Alternative Assets Limited (ACN 168 941 704)
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6. Addresses

Name Wilson Asset Management (International) Pty Limited MAM Pty Limited WAM Capital Limited WAM Research Limited WAM Active Limited Botanical Nominees Pty Limited WAM Leaders Limited WAM Microcap Limited WAM Alternative Assets Limited WAM Strategic Value Limited WAM Global Limited Citigroup Pty Limited

Address Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 21, 2 Park Street, Sydney NSW 2000

Signed: _____

Date: 27/10/2021

ANNEXURE B

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Consideration given in Number of Securities Class of Securities Persons votes
Date of Change Persons whose relevant interest changed Nature of Change relation to change affected affected affected
18-Jun-21 WAM Research Limited On Market Purchase (36,295.15) 14,669 Ordinary Shares 14,669
18-Jun-21 WAM Capital Limited On Market Purchase (76,519.45) 30,926 Ordinary Shares 30,926
Botanical Nominees Pty Limited as trustee of the
18-Jun-21 Wilson Asset Management Equity Fund On Market Purchase (4,913.91) 1,986 Ordinary Shares 1,986
21-Jun-21 WAM Research Limited On Market Purchase (48,389.85) 20,120 Ordinary Shares 20,120
21-Jun-21 WAM Capital Limited On Market Purchase (74,374.13) 30,924 Ordinary Shares 30,924
Botanical Nominees Pty Limited as trustee of the
21-Jun-21 Wilson Asset Management Equity Fund On Market Purchase (10,993.53) 4,571 Ordinary Shares 4,571
22-Jun-21 WAM Research Limited On Market Purchase (9,296.53) 3,792 Ordinary Shares 3,792
22-Jun-21 WAM Capital Limited On Market Purchase (32,040.18) 13,069 Ordinary Shares 13,069
Botanical Nominees Pty Limited as trustee of the
22-Jun-21 Wilson Asset Management Equity Fund On Market Purchase (1,304.26) 532 Ordinary Shares 532
25-Jun-21 WAM Research Limited On Market Purchase (28,659.85) 12,113 Ordinary Shares 12,113
25-Jun-21 WAM Capital Limited On Market Purchase (85,203.49) 36,011 Ordinary Shares 36,011
Botanical Nominees Pty Limited as trustee of the
25-Jun-21 Wilson Asset Management Equity Fund On Market Purchase (4,438.69) 1,876 Ordinary Shares 1,876
28-Jun-21 WAM Microcap Limited On Market Purchase (47,057.07) 19,976 Ordinary Shares 19,976
28-Jun-21 WAM Research Limited On Market Purchase (62,727.06) 26,628 Ordinary Shares 26,628
28-Jun-21 WAM Capital Limited On Market Purchase (119,553.14) 50,751 Ordinary Shares 50,751
Botanical Nominees Pty Limited as trustee of the
28-Jun-21 Wilson Asset Management Equity Fund On Market Purchase (6,230.77) 2,645 Ordinary Shares 2,645
30-Jun-21 WAM Microcap Limited On Market Purchase (31,387.72) 12,555 Ordinary Shares 12,555
30-Jun-21 WAM Research Limited On Market Purchase (16,095.11) 6,438 Ordinary Shares 6,438
30-Jun-21 WAM Capital Limited On Market Purchase (54,987.90) 21,995 Ordinary Shares 21,995
Botanical Nominees Pty Limited as trustee of the
30-Jun-21 Wilson Asset Management Equity Fund On Market Purchase (2,250.02) 900 Ordinary Shares 900
30-Sep-21 WAM Research Limited On Market Purchase (4,717.37) 1,624 Ordinary Shares 1,624
30-Sep-21 WAM Capital Limited On Market Purchase (18,529.62) 6,379 Ordinary Shares 6,379
01-Oct-21 WAM Research Limited On Market Purchase (12,224.58) 4,058 Ordinary Shares 4,058
01-Oct-21 WAM Capital Limited On Market Purchase (48,024.68) 15,942 Ordinary Shares 15,942
04-Oct-21 WAM Research Limited On Market Purchase (11,948.54) 3,959 Ordinary Shares 3,959
04-Oct-21 WAM Capital Limited On Market Purchase (46,937.05) 15,552 Ordinary Shares 15,552
20-Oct-21 WAM Research Limited On Market Purchase (463.68) 153 Ordinary Shares 153
20-Oct-21 WAM Capital Limited On Market Purchase (1,578.93) 521 Ordinary Shares 521
Botanical Nominees Pty Limited as trustee of the
20-Oct-21 Wilson Asset Management Equity Fund On Market Purchase (63.65) 21 Ordinary Shares 21
22-Oct-21 WAM Microcap Limited On Market Sale 892,103.23 271,192 Ordinary Shares 271,192
22-Oct-21 WAM Research Limited On Market Sale 517,050.26 157,179 Ordinary Shares 157,179
22-Oct-21 WAM Capital Limited On Market Sale 1,812,927.65 551,115 Ordinary Shares 551,115
Botanical Nominees Pty Limited as trustee of the
22-Oct-21 Wilson Asset Management Equity Fund On Market Sale 67,482.10 20,514 Ordinary Shares 20,514
25-Oct-21 WAM Microcap Limited On Market Sale 1,086,618.92 320,122 Ordinary Shares 320,122
25-Oct-21 WAM Research Limited On Market Sale 790,013.72 232,741 Ordinary Shares 232,741
25-Oct-21 WAM Capital Limited On Market Sale 2,405,790.88 708,755 Ordinary Shares 708,755
Botanical Nominees Pty Limited as trustee of the
25-Oct-21 Wilson Asset Management Equity Fund On Market Sale 89,550.80 26,382 Ordinary Shares 26,382
26-Oct-21 WAM Microcap Limited On Market Sale 156,842.32 41,234 Ordinary Shares 41,234
26-Oct-21 WAM Research Limited On Market Sale 87,485.41 23,000 Ordinary Shares 23,000
26-Oct-21 WAM Capital Limited On Market Sale 314,521.46 82,688 Ordinary Shares 82,688
Botanical Nominees Pty Limited as trustee of the
26-Oct-21 Wilson Asset Management Equity Fund On Market Sale 11,707.83 3,078 Ordinary Shares 3,078
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Signed: _____ Date: 27/10/2021

ANNEXURE C

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Person entitled to be Class and Number of
Holder of Relevant Interest Registered Holder of Securities Nature of relevent interest registered as holder Securities
Botanical Nominees Pty Citigroup Pty Limited Management of portfolio of Botanical Botanical Nominees Pty 158,535 ordinary
Limited as trustee of the Nominees Pty Limited as trustee of the Limited as trustee of the shares
Wilson Asset Management Wilson Asset Management Equity Fund Wilson Asset Management
Equity Fund Equity Fund
WAM Capital Limited Citigroup Pty Limited Management of portfolio of WAM Capital WAM Capital Limited 4,259,003 ordinary
Limited shares
WAM Research Limited Citigroup Pty Limited Management of portfolio of WAM WAM Research Limited 1,184,651 ordinary
Research Limited shares
WAM Microcap Limited Citigroup Pty Limited Management of portfolio of WAM WAM Microcap Limited 2,123,861 ordinary
Microcap Limited shares
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Signed: _____

Date: 27/10/2021