RECKON LIMITED — Capital/Financing Update 2013

Aug 12, 2013

ASX Announcement 13 August 2013

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Announcement of Share Buy-Back

Reckon h a s announc e d that it will buy-back up to 10% of its shar e s as part o f the Comp a ny’s strategy t o manage it s capital base in the b e st interest s of the shareholders. Reckon c o ntinues to g enerate strong opera t ing cash fl o w that is m ore than s u fficient to f und ongoing c a pital requi r ements an d regular di v idend pay m ents to s h areholder s .

Directors w ill take int o account r e levant con s iderations such as th e prevailin g share pric e , available liquidity, tr a ding performance an d acquisition opportun i ties, to ensure the effi c ient mana g ement of capital.

See the at t ached Ap p endix 3C f o r details.

For furthe r informatio n , please c o ntact: Mr Clive R abie Group CE O Reckon Li m ited (02) 9577 5 946

Mr Myro n Zlotnick Company S ecretary Reckon Limited (02) 9 5 77 5466

Reckon Limited ABN 14 00 3 348 730 | L e vel 12, 65 Be r ry Street Nort h Sydney NS W 2060 Australia T +61 2 9577 5000 | F +61 2 9577 5 555 | info@ r eckon.com.au | www.recko n .com.au

Appendix 3C Announcement of buy-back

Appendix 3C

Announcement of buy-back ( except minimum holding buy-back)

Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10

Name of entity Reckon Limited	ABN/ARSN
Reckon Limited	003 348 730

We (the entity) give ASX the following information.

Information about buy-back

1 Type of buy‐back 2 +Class of shares/units which is the subject of the buy‐back_(eg, _ordinary/preference) 3 Voting rights_(eg, one for one) 4 Fully paid/partly paid(and if_ partly paid, details of how much has been paid and how much is outstanding) 5 Number of shares/units in the +class on issue 6 Whether shareholder/unitholder approval is required for buy‐back 7 Reason for buy‐back	On Market
	Ordinary
	One for one
	Fully paid
	129,488,015
	Not required
	Best opportunity to invest capital

• See chapter 19 for defined terms. 11/01/2010

Appendix 3C Page 1

Appendix 3C Announcement of buy-back

8 Any other information material Nil to a shareholder’s/unitholder’s decision whether to accept the offer (eg, details of any proposed takeover bid)

On-market buy-back

9 Name of broker who will act on the company’s behalf 10 Deleted 30/9/2001. 11 If the company/trust intends to buy back a maximum number of shares ‐ that number Note: This requires a figure to be included, not a percentage. 12 If the company/trust intends to buy back shares/units within a period of time ‐ that period of time; if the company/trust intends that the buy‐back be of unlimited duration ‐ that intention 13 If the company/trust intends to buy back shares/units if conditions are met ‐ those conditions	Morgan Stanley Australia Securities Limited (ABN 55 078 652 276) Level 39 The Chifley Tower 2 Chifley Square Sydney,NSW,2000
	12,948,801 shares
	Period 28 August 2013– 27 August 2014
	None

Employee share scheme buy-back

14 Number of shares proposed to be bought back

15 Price to be offered for shares

• See chapter 19 for defined terms. 11/01/2010

Appendix 3C Page 2

Appendix 3C Announcement of buy-back

	Selective buy-back	Selective buy-back
16	Name of person or description of
	class of person whose shares are
	proposed to be bought back
17	Number of shares proposed to be
	bought back
18	Price to be offered for shares
	Equalaccess scheme
19	Percentage of shares proposed to
	be bought back
20	Total number of shares proposed
	to be bought back if all offers are
	accepted
21	Price to be offered for shares
22	+Record date for participation in
	offer
	Cross reference: Appendix 7A, clause 9.

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buyback.

or, for trusts only:

1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust’s constitution, relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here:

............................................................

Date: 13 August 2013

( ~~Director/~~ Company secretary)

Print name: Myron Zlotnick