RECKON LIMITED — Major Shareholding Notification 2017

Mar 6, 2017

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Level 2, 5 Martin Place Sydney NSW 2000 Australia ABN 88 140 833 656 AFSL 385329

7 March 2017

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of initial substantial holder ~ Reckon Limited (RKN)

We enclose notice of initial substantial holder in Reckon Limited. This notice is given by NovaPort Capital Pty Limited.

Yours faithfully

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Andrew Brown Company Secretary

attach

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To CompanyName/Scheme	Reckon Limited
ACN/ARSN	003 348 730
1. Details of substantial holder (1)
Name	NovaPort Capital Pty Ltd
ACN/ARSN (if applicable)	140 833 656
The holder became a substantial holder on	02/03/2017

2. Details of voting power

2. Details of voting power	2. Details of voting power	2. Details of voting power	2. Details of 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 on the date the substantial holder becamea substantial holder are as follows:
Class of securities (4) Number of securities	Person's votes (5)	Voting power (6)
Ordinary Fully Paid Same as persons votes	5,670,500	5.01%
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a
substantial holder are as follows:

Holder of relevant interest	Holder of relevant interest	Nature of relevant interest (7)	Nature of relevant interest (7)	Class and number of securities	Class and number of securities
NovaPort Capital Pty Ltd		Ordinary Fully Paid securities purchased on market by NovaPort Capital Pty Ltd		Refer Annexure 1
4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant interest	Registered holder of securities		Person entitled to be registered as holder (8)		Class and number of securities
NovaPort Capital Pty Ltd	BNP Paribas Nominees Pty Limited		BNP Paribas Nominees Pty Limited		2,220,767 (Ordinary Fully Paid)
NovaPort Capital Pty Ltd	Citicorp Nominees Pty Limited		Citicorp Nominees Pty Limited		2,478,017 (Ordinary Fully Paid)
NovaPort Capital Pty Ltd	J P Morgan Nominees Australia Limited		J P Morgan Nominees Australia Limited		580,114 (Ordinary Fully Paid)
NovaPort Capital Pty Ltd	National Nominees Limited		National Nominees Limited		391,602 (Ordinary Fully Paid)

5. Consideration

5. Consideration	5. Consideration	5. Consideration	5. Consideration	5. Consideration
Holder of relevant interest Cash Non-cash NovaPort Capital Pty Ltd Refer Annexure 1 Date of acquisition The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: Refer Annexure 1 Refer Annexure 1 Consideration (9) Class and number of securities
Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
NovaPort Capital Pty Ltd	Refer Annexure 1	Refer Annexure 1		Refer Annexure 1

603 page 2 / 2 15 July 2001

6. Associates

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The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
NovaPort Capital Pty Ltd Level 2, 5 Martin Place, Sydney NSW 2000
Signature
print name Andrew Brown capacity Company Secretary
sign here date 07/03/2017
DIRECTIONS
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(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 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in section s608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in thescheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any 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

• (b) 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 which the relevant 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) 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, become 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.

Annexure 1 consists of 1 page and is referred to in Form 603 signed by me and dated 07/03/2017

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[Insert Signature Here]
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Andrew Brown Company Secretary of NovaPort Capital Pty Ltd

Transactions: Company Name/Scheme: Reckon Limited (RKN) As at: 02/03/2017 Class of security: Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
	NovaPort Capital PtyLtd	Opening balance		5,511,858	5,511,858
14/12/2016	as above	Buy	46,973.94	31,467	31,467
14/02/2017	as above	Buy	17,637.90	10,500	10,500
15/02/2017	as above	Buy	11,481.12	6,834	6,834
17/02/2017	as above	Buy	28,517.04	16,906	16,906
22/02/2017	as above	Buy	21,984.40	12,932	12,932
28/02/2017	as above	Buy	25,500.00	15,000	15,000
01/03/2017	as above	Buy	21,039.49	12,026	12,026
02/03/2017	as above	Buy	91,236.99	52,977	52,977
Total Number of Securities				5,670,500

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