RECKON LIMITED — Major Shareholding Notification 2018

Mar 12, 2018

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	RECKON LIMITED
ACN/ARSN	003 348 730

1. Details of substantial holder (1)

Name	PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED AND PINNACLE INVESTMENTMANAGEMENT LIMITED
ACN/ARSN (if applicable)	100 325 184 AND 109 659 109

The holder became a substantial holder on 09/03/2018

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 became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY FULLY PAID	8,896,535	8,896,535	7.13%

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	Nature of relevant interest (7)	Class and number of securities
PINNACLE INVESTMENTMANAGEMENT GROUP LIMITED ANDPINNACLE INVESTMENTMANAGEMENT LIMITED	Extension under section608(3)(a) of the CorporationsAct 2001	REFER TO ANNEXURE A

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 relevantRegistered holder ofinterestsecurities		Person entitled to beregistered as holder (8)	Class and number of securities
REFER TO ANNEXURE B

5. Consideration

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:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
PINNACLE INVESTMENT	11/2017 -	$		3,238,450 ORDINARY
MANAGEMENT GROUP	09/03/2018	1.46 - $		FULLY PAID

LIMITED AND PINNACLE	1.57
INVESTMENT
MANAGEMENT LIMITED

6. Associates

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
REFER TO ANNEXURE A

7. Addresses

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

Name	Address
REFER TO ANNEXURE C

Signature

print name	CALVIN KWOK	capacity	COMPANY SECRETARY
sign here		date	12/03/2018

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 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 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.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (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.

RECKON LIMITED

Annexure A

Holdef rlevtr oeanintetres	Natuf aiatioreossocn	Natuf rlevtintetreoeanres	Nubef sitiesmr oecur	Clasf sitiessoecur
PinnleInvtmtacesenMGrtanagemenoupLimited	fHoldingPinnlecompanyoacInvMtmttesenanagemenLimiteddPinnleFudanacnSeiceLimidtervs	Exteiondetionnsunr sec608(3)()fheCoionttaorporasAct2001	8,896,535	Ofudinallyidrrypa
PinnleInvtmtacesenMtLimitedanagemen	HoldingfPinnlecompanoacyFudSeiceLimitednrvs	Exiondeiontetnsnr secu608(3)()ftheCotionaorporasAct2001	8,896,355	Odinafullyidrrypa
PinnleFudSeiceacnrvsLimited	SubsidiarfPinnleyoacInvtmtMtesenanagemenGrLimiddPinnleteoupanacInvtmtMtesenanagemen	Exiondeiontetnsunr sec608(3)()ftheCotionaorporasAc2001t	3,378,036	Odinafullyidrrypa

This is Annexure "A" of 1 page as mentioned in form 603 Notice of initial substantial holder

Calvin KwokCompany Secretary

Date: 12/03/2018

RECKON LIMITED

Annexure B

f rHoldelevtIntetr oeanres	f sReistedholdeitiesgrer oecur	Petitledtobersonen	fNubemr o	Cflasso
		istedholderegreasr	itiessecur	itiessecur
PinnleInvtmtacesen	NABCutodialSeicesrvs	NABCutodialSeicesrvs	997,139	Odinafullyidrrypa
GrMtLimiteddanagemenoupan
PinnleInvtmtacesen
MtLimitedanagemen
PinnleInvtmtacesen	JPMChaBakorgansen	JPMChaBakorgansen	2,912,221	Odinafullyidrrypa
GrMtLimiteddanagemenoupan
PinnleInvtmtacesen
MtLimitedanagemen
PinnleInvtmtacesen	Citibakn	Citibakn	433,243	Odinafullyidrrypa
MGrLimiddtteanagemenoupan
PinnleInvtmtacesen
MtLimitedanagemen
PinnleInvtmtacesen	RBCInvtoSeiceTrtesrrvsus	RBCInvtoSeiceTrtesrrvsus	4,553,932	Odinafullyidrrypa
MGrLimiddtteanagemenoupan
PinnleInvtmtacesen
MtLimitedanagemen

This is Annexure "B" of 1 page as mentioned in form 603 Notice of initial substantial holder

Calvin KwokCompany Secretary Date: 12/03/2018

RECKON LIMITED

Annexure C

Name	CAN	Address
PinnleInvMaGrLimidtmttteacesennagemenoup	100325184	Lel19,307QuSBrisbaQLD4000,Auliat,traveeennes
SePinnleFudiceLimitedacnrvs	082936244	19,30QuSQ000,Lel7t,BrisbaLD4Autraliaveeennes
PinnleInvtmtMatLimitedacesennagemen	109659109	Lel19,307QuSt,BrisbaQLD4000,Autraliaveeennes

This is Annexure "C" of 1 page as mentioned in form 603 Notice of initial substantial holder

Calvin KwokCompany Secretary Date: 12/03/2018