ENERO GROUP LIMITED — Major Shareholding Notification 2021

Aug 15, 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

==> picture [414 x 84] intentionally omitted <==

----- Start of picture text -----

|||||
|---|---|---|---|
|To:|Enero Group Ltd|
|ACN/ARSN:|97 091 524 515|Source:|Australian Business Register|
|Name:|Perennial Value Management Limited|
|ACN:|22 090 879 904|
|The holder became a substantial shareholder on:|12 August 2021|

----- End of picture text -----

2. Details of Voting Power

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

==> picture [413 x 21] intentionally omitted <==

----- Start of picture text -----

Class of securities Number of securities Person’s votes Voting Power (%)
Ordinary 4,440,035 4,440,035 5.12
----- End of picture text -----

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 susbstantial holder are as follows:

==> picture [331 x 27] intentionally omitted <==

----- Start of picture text -----

||||
|---|---|---|
|Holder of relevant interest|Nature of relevenat interest|Class & number of securities (Ord)|
|Perennial Value Management|Investment Manager|4,440,035|
|Limited|

----- End of picture text -----

4. Details of present registered holders

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

==> picture [413 x 76] intentionally omitted <==

----- Start of picture text -----

|||||
|---|---|---|---|
|Holder of relevant interest|Registered holder of securities|Person entitled to be registered as|Class & number of|
|holder|securities (Ord)|
|Perennial Value Management|1,624,834|
|National Asset Servicing|National Asset Servicing|
|Limited|
|Perennial Value Management|724,892|
|BNP Paribas Securities Services|BNP Paribas Securities Services|
|Limited|
|Perennial Value Management|2,090,309|
|Citicorp Nominees Pty Limited|Citicorp Nominees Pty Limited|
|Limited|

----- End of picture text -----

5. Consideration

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

==> picture [492 x 184] intentionally omitted <==

----- Start of picture text -----

|||||||
|---|---|---|---|---|---|
|Holder of relevant interest|Date of acquisition|Consideration|Class & and number of|
|Cash|Non-cash|securities|
|BNP Paribas Securities Services|27/05/2021|$ 1,520,252.21|606,766|
|0|
|Citicorp Nominees Pty Limited|27/05/2021|$ 4,744,464.92|1,893,620|
|0|
|National Asset Servicing|27/05/2021|$|490,258.71|0|195,673|
|National Asset Servicing|27/05/2021|$|2,014,274.18|0|803,941|
|Citicorp Nominees Pty Limited|30/06/2021|$ 218,760.26|87,319|
|0|
|Citicorp Nominees Pty Limited|1/07/2021|$ 65,248.46|25,053|
|0|
|National Asset Servicing|20/07/2021|$|12,256.58|0|4,122|
|National Asset Servicing|21/07/2021|$ 3,943.23|0|1,319|
|BNP Paribas Securities Services|29/07/2021|$ 368,772.00|118126|
|0|
|Citicorp Nominees Pty Limited|10/08/2021|$ 12,460.32|4,317|
|0|
|National Asset Servicing|12/08/2021|$|2,068,889.62|0|699,779|

----- End of picture text -----

6. Associates

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

==> picture [414 x 202] intentionally omitted <==

----- Start of picture text -----

Name & ACN Nature of association
Not applicable
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
Perennial Value Management Level 27, 88 Phillip St
Limited Sydney NSW 2000
Enero Group Ltd Enero Group LtdLevel 9 155 George Street, Sydney, Nsw 2000
Signature
Print Name Bill Anastasopoulos Capacity Company Secretary
Sign Here Date 16/08/2021
----- End of picture text -----