RECKON LIMITED — Major Shareholding Notification 2017

Jul 30, 2017

July 31, 2017

ASX Company Announcement

Attn: Company Announcements Officer

Dear Sir/Madam,

Please find attached for lodgment Form 604 Notice of change of interests of substantial holder from Microequities Asset Management Pty Limited in respect of its interest in Reckon Limited (RKN).

Kind Regards, Ud C. Gil (CEO & Chief Investment Officer) Microequities Asset Management Pty Ltd

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Reckon Limited
ACN/ARSN	ACN 003 348 730

1. Details of substantial holder(1)

Name		Microequities Asset Management Pty Ltd (Microequities)
ACN/ARSN (if applicable)	134 984 768

There was a change in the interests of thesubstantial holder on	270717
The previous notice was given to the company on	27/10/16
The previous notice was dated	271016

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)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes!	Voting power (5)
ORDINARY	5689261	5.02%	7109292	6.28%

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

Date ofchance	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	SEE ANNEXURE A

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registered.as holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
	SEE ANNEXURE A

604 page 2/2 15 July 2001

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:

Name and ACN/ARSN (if applicable)	Nature of association
Ν7 A

6. Addresses

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

Name__________________________________	ddressAND WHITE SECURE______________________________________-----------------------------------------------------------------------------
-ANNEX5EGH.₩н.A

Signature

	print name $Mr$ . C. $GLL$	capacity DIRECTOR
sign here $\mathcal{U}\mathcal{A}$		date $31/07/17$

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $\left{ \widehat{\mathbf{S}}\right}$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $f(s)$ Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any -60 document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement: and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $\phi$ which the refevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom'e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown". $(8)$
• $\left{ 0\right}$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A"

THIS IS "ANNEXURE A" OF 1 PAGES REFERRED TO IN FORM 604 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

RECKON LIMITED (RKN) ACN 003 348 730

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 ofChange	Person whose relevantinterest changed	Nature ofChange	Consideration givenin relation to change	Class andnumber ofsecuritiesaffected	Persons votesaffected
28/10/2016-28/07/2017	MICROEQUITIES ASSETMANAGEMENT PTY LTD	ONMARKETPURCHASE	Average$1.49	Ordinary1,420,031	Ordinary1,420,031

4. Present relevant interests

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

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder	Nature ofrelevantinterest	Class andnumber ofsecurities	Person'svotes
MICROEQUITIES ASSETMANAGEMENT PTY LTD	JP MORGAN CHASE BANK	JP MORGAN CHASEBANK	AS TRUSTEE &INVESTMENTMANAGER	Ordinary7.109,292	Ordinary7,109,292

6. Addresses

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

Name	Address
RECKON LIMITED (RKN)	LEVEL 12, 65 BERRY STREET NORTH SYDNEY NSW 2060
MICROEQUITIES ASSET MANAGEMENT PTY LIMITED	SUITE 3105, LEVEL 31, GOVERNOR MACQUARIE TOWER,
	- 1 FARRER PLACE SYDNEY NSW 2000
JP MORGAN CHASE BANK	-85 CASTLEREAGH STREET SYDNEY NSW 2000

$\mathcal{U}$ Signature:

Name: Mr. C. Gil

Capacity: Director

Date: 31/07/2017