RECKON LIMITED — Major Shareholding Notification 2016

Aug 9, 2016

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	RECKON LTD
ACN/ARSN	003 348 730
1. Details of substantial holder(1)
NameACN/ARSN (if applicable)	HIGHCLERE INTERNATIONAL INVESTORS LLP
The holder ceased to be a substantial holder onThe previous notice was given to the company onThe previous notice was dated	08/08/201602/08/201601/08/2016

1. Changes in relevant interests

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 ofchange	Person whoserelevant interestchanged	Natureof change(4)	Considerationgiven in relationto change(5)	Class (6) andnumber ofsecuritiesaffected	Person's votesaffected
HIGHCLERE INTERNATIONAL SALE$29/07/2016 -$08/08/2016INVESTORS SMALLERCOMPANIES FUND			USD 948,833	835,246	835,246

3. Changes 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 follows:

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

4. Addresses

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

	NameHIGHCLERE INTERNATIONAL INVESTORS SMALLERCOMPANIES FUNDS		AddressC/O HIGHCLERE INTERNATIONAL INVESTORS INC. 353 BAYBERRY LANE,WESTPORT, CT 06682, USA
Signature		print namesign here		Farmon	capacity COOdate 09 / 08 / 2016