ENERO GROUP LIMITED — Share Issue/Capital Change 2007

Nov 19, 2007

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Issuer: Photon Group Limited (ABN 97 091 524 515)

Details of the issue or offer of securities:

Class of securities	Ordinary
ASX Code of the securities	PGA
Date of the issue or expected issue of the securities	20 November 2007
Total Number of securities issued or expected to be issued	71,495

Notice:

• (a) Photon Group Limited gives ASX (as the relevant market operator) notice relating to the issue of the securities identified above.

• (b) This notice is given under paragraph 5(e) of Section 708A of the Corporations Act 2001 (Cth).

• (c) Photon Group Limited issued the securities identified above without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth).

• (d) As at the date of this notice, Photon Group Limited has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act 2001 (Cth) as they apply to it; and

  • (ii) section 674 of the Corporations Act 2001 (Cth).

• (e) There is no excluded information (as defined in Section 708A(7) of the Corporations Act 2001 (Cth)) as at the date of this notice.

Signed for and on behalf of the Issuer

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Clare Battellino Company Secretary Photon Group Limited

Date of notice: 20 November 2007

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