ENERO GROUP LIMITED — Major Shareholding Notification 2024

Nov 10, 2024

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Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme ENERO Group Limited (EGG) ACN/ARSN ABN 97 091 524 515 1. Details of substantial holder (1) Name Mercer Investments (Australia) Limited as RE of Mercer Australian Small Companies Fund Mercer Investments (Australia) Limited as RE of TSA Equity Fund #1 ACN/ARSN (if applicable) Mercer Investments (Australia) Limited (ABN 66 008 612 397) Mercer Australian Small Companies Fund (ARSN 111 237 873) and TSA Equity Fund #1 (ABN 50 833 866 219) The holder ceased to be a substantial holder on 6/11/2024 The previous notice was given to the company on 28/10/2024 The previous notice date 25/10/2024

2. Changes in the relevant interests

The Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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’s whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
6/11/2024	Mercer Investments (Australia) Limited as RE of Mercer Australian Small Companies Fund and TSA Equity Fund #1	Sale of 2,489 shares on 6 November 2024 (at $1.1388 per share and settled on 8 November 2024)	(2,834.47)	Refer to Annexure A – Table 3	Refer to Annexure A – Table 3

3. Change in Association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follow:

Name and ACN/ARSN (if applicable)	Nature of association
See Annexure A, Table 1 & Table 2	Company

A business of Marsh McLennan

4. Addresses The addresses of persons named in this form are as follows: Name Address Mercer Investments (Australia) Limited as RE of Mercer Australian Small Companies Fund and TSA EquityFund #1 Level 15, Collins Square, 727 Collins Street, Melbourne VIC 3008, Australia	4. Addresses The addresses of persons named in this form are as follows: Name Address Mercer Investments (Australia) Limited as RE of Mercer Australian Small Companies Fund and TSA EquityFund #1 Level 15, Collins Square, 727 Collins Street, Melbourne VIC 3008, Australia	4. Addresses The addresses of persons named in this form are as follows: Name Address Mercer Investments (Australia) Limited as RE of Mercer Australian Small Companies Fund and TSA EquityFund #1 Level 15, Collins Square, 727 Collins Street, Melbourne VIC 3008, Australia
	Name	Address
	Mercer Investments (Australia) Limited as RE of Mercer Australian Small Companies Fund and TSA EquityFund #1	Level 15, Collins Square, 727 Collins Street, Melbourne VIC 3008, Australia

Signature Print name: Carmen Lunderstedt Capacity: Company Secretary, Mercer Investments (Australia) Limited Sign here: Date: 11/11/2024

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Annexure A - Table 1

Related Companies of Mercer Investments (Australia) Limited

Mercer Superannuation (Australia) Limited Mercer Investments (Australia) Limited Mercer (Australia) Pty Ltd Mercer Consulting (Australia) Proprietary Limited Mercer Financial Advice Proprietary Limited Mercer Outsourcing (Australia) Proprietary Limited Mercer Australia Superannuation Administration Proprietary Limited

Mercer Investments (Australia) Limited acts as RE for these funds

Mercer Australian Shares Fund Mercer Australian Shares Plus Fund Mercer Passive Australian Shares Fund Mercer Global Small Companies Shares Fund Mercer Australian Small Companies Fund Mercer Australian Shares Fund for Tax Exempt Investors Mercer International Shares Fund Mercer Passive International Shares Fund Mercer Hedged International Shares Fund Mercer Passive Hedged International Shares Fund Mercer Sustainable Plus Australian Shares Fund Mercer Emerging Markets Shares Fund Mercer Global Listed Property Fund Mercer Passive Global Listed Property Fund Mercer Australian Direct Property Fund Mercer Passive Australian Listed Property Fund Mercer Global Listed Infrastructure Fund Mercer Global Unlisted Infrastructure Fund Mercer Australian Sovereign Bond Fund Mercer Global Sovereign Bond Fund Mercer Passive Emerging Markets Shares Fund Mercer Passive Global Listed Infrastructure Fund Mercer Sustainable Plus International Shares Fund Mercer Global Credit Fund

Advance Australian Fixed Interest Multi-Blend Fund Advance Australian Shares Multi-Blend Fund Advance Balanced Multi-Blend Fund Advance Cash Multi-Blend Fund Advance Defensive Multi-Blend Fund Advance Growth Multi-Blend Fund Advance High Growth Multi-Blend Fund Advance International Fixed Interest Multi-Blend Fund Advance International Shares Multi-Blend Fund Advance Moderate Multi-Blend Fund Advance Property Securities Multi-Blend Fund Mercer Australian Fixed Interest Index Fund Mercer Australian Shares Index Fund Mercer Index Balanced Fund Mercer Index Defensive Fund Mercer Index Growth Fund Mercer Index High Growth Fund Mercer Index Moderate Fund Mercer International Fixed Interest Index Fund Mercer International Shares Index Fund Mercer Property Securities Index Fund Mercer Wholesale Multi-manager Fixed Interest Fund Mercer Wholesale Multi-manager International Share Fund Mercer Wholesale Multi-manager Moderate Fund

Mercer Investments (Australia) Limited acts as RE for these funds

A business of Marsh McLennan

Mercer Emerging Markets Debt Fund Mercer Cash Fund Mercer Growth Fund Mercer High Growth Fund Mercer Moderate Growth Fund Mercer Conservative Growth Fund Mercer Australian Inflation Plus Fund Mercer DG (EX P) Trust OSSH#1 Trust AP#1 Trust Mercer Investment Funds Overseas Shares Trust Mercer Investment Funds Australian Shares Plus Trust Mercer Portfolio Service Investment Plan Mercer Multi-manager Balanced Fund Mercer Multi-manager Conservative Fund Mercer Multi-manager Growth Fund Mercer Multi-manager High Growth Fund Mercer OSS Trust Mercer Global Unlisted Property Fund (MST) TSA Equity Fund #1

Managed Portfolio Series Alternatives Fund 1 Managed Portfolio Series Australian Fixed Interest Fund 1 Managed Portfolio Series Australian Fixed Interest Fund 2 Managed Portfolio Series Australian Fixed Interest Fund 3 Managed Portfolio Series Australian Shares Fund 1 Managed Portfolio Series Australian Shares Fund 2 Managed Portfolio Series Australian Shares Fund 3 Managed Portfolio Series Australian Shares Fund 4 Managed Portfolio Series International Fixed Interest Fund 1 Managed Portfolio Series International Fixed Interest Fund 3 Managed Portfolio Series International Fixed Interest Fund 4 Managed Portfolio Series International Property Securities Fund 1 Managed Portfolio Series International Shares Fund 1 Managed Portfolio Series International Shares Fund 2 Managed Portfolio Series International Shares Fund 3 Managed Portfolio Series International Shares Fund 4 Managed Portfolio Series International Shares Fund 5 Mercer Sustainable Plus Global Credit Fund Sustainable GS#1 Trust TSA Equity Fund #2

This is Annexure A of four pages referred to in Form 605 ' Notice of ceasing to be a substantial holder’

Signature

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Date: 11/11/2024

Name: Carmen Lunderstedt

Capacity: Company Secretary, Mercer Investments (Australia) Limited

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Annexure A - Table 2

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Fund details:

No.	Fund Name	Registered Holder	Registered Address	Persons entitled to be registered holder
1	Mercer Australian Small Companies Fund	HSBC Custody Nominees (Australia) Limited as a Sub Custodian of Mercer Australian Small Companies Fund	GPO BOX 5302 SYDNEY NSW 2001	MERCER INVESTMENTS (AUSTRALIA) LIMITED as RE of Mercer Australian Small Companies Fund
2	TSA Equity Fund #1	HSBC Custody Nominees (Australia) Limited as a Sub Custodian of TSA Equity Fund #1	GPO BOX 5302 SYDNEY NSW 2001	MERCER INVESTMENTS (AUSTRALIA) LIMITED as RE of TSA Equity Fund #1

A business of Marsh McLennan

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Annexure A - Table 3

Changed relevant interest

Mercer Investments (Australia) Limited (ABN 66 008 612 397), Mercer Australian Small Companies Fund (ARSN 111 237 873) and TSA Equity Fund #1 (ABN 50 833 866 219)

As at 6 November 2024

s at 6 November 2024
Mercer Investments (Australia) Limited's holdings	4,535,232
Total Shares on Issue – Enero Group Limited (ASX: EGG)	90,735,121
	4.998%.

A business of Marsh McLennan