RECKON LIMITED — Major Shareholding Notification 2017

Jul 30, 2017

Form 604 Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To: Reckon Limited ACN/ARSN:

1. Details of substantial holder(1)

Name: FMR LLC and the entities listed in Annexure A ("FMR") ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on	27July2017
The previous notice was given to the company on	08June2017
The previous notice was dated	08June2017

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities(4)	PreviousNotice	Previous NoticeVoting Power (5)	Present NoticePerson's votes	Present NoticeVoting Power (5)
	Person's votes
Common Stock	6,196,654	5.47%	10,763,572	9.50%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven inrelation tochange (AUD)(7)	Class andnumber ofsecuritiesaffected	Person'svotes affected
27-Jun-2017	FMR	BUY	1.63	108,356	108,356
27-Jun-2017	FMR	BUY	1.62	35,474	35,474
28-Jun-2017	FMR	BUY	1.57	41,692	41,692
29-Jun-2017	FMR	BUY	1.57	11,735	11,735
30-Jun-2017	FMR	BUY	1.60	2,322	2,322
03-Jul-2017	FMR	BUY	1.62	12,612	12,612
04-Jul-2017	FMR	BUY	1.62	6,238	6,238
05-Jul-2017	FMR	BUY	1.61	281,571	281,571

			Total Buys	4,566,918	4,566,918
27-Jul-2017	FMR	BUY	1.45	3,766,918	3,766,918
26-Jul-2017	FMR	BUY	1.48	300,000	300,000

4. Present Relevant Interest

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Refer to Annexure A

5. Changes in Association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

NA
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6. Addresses

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

Refer to Annexure A
Sign Here:	_______________________________

Dated: 31 July 2017 Kelvin Lo Head of Regulatory Reporting, Asia Pacific Duly authorized under Powers of Attorney on behalf of FMR LLC

InvestmentManager	Address	Custodian	Nature ofReleventInterest	Sum ofNumeratorShares
		BROWN BROTHERS HARRIMAN AND CO		105,426
FMR CO., INC.	245 Summer Street, Boston, MA 02210 United	STATE STREET BANK AND TR CO		6,135,722
	States	BANK OF NEW YORK MELLON
		JPMORGAN CHASE BANK		5,499
Fidelity (Canada)Asset ManagementIULC.	Fidelity Investments Canada ULC, 483 Bay Street,Suite 300, Toronto, Ontario M5G 2N7, Canada	STATE STREET BANK AND TR CO	InvestmentDiscretion/ VotingPower	750,000
FIDELITYIMANAGEMENT &RESEARCH (JAPAN)LIMITED	4-1-17 Kamiya-cho Prime Place, Toranomon,Minatoku, Tokyo 105-0001 Japan	BANK OF NEW YORK MELLON		3,766,918
Grand Total				10,763,572