Reckon : Change in substantial holding from WAM

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme RECKON LIMITED (ASX: RKN) ACN/ARSN ACN 003 348 730

1. Details of substantial holder (1)

   Wilson Asset Management Group (refer entities listed inAnneuxure

   Name

   ACN/ARSN (if applicable)

   A)

   There was a change in the interests of the

   substantial holder on .QE./ 07 / 2017 The previous notice was given to the company on / 06/2017

   The previous notice was dated 20 // 2017

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	Shares	12,879,028	11.37%	14,699,935	12 . 97%

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 whose relevant interest chanaed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   See Anneuxure B

4. Present relevant interests

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

   Holder of relevant interest	Registered holder of securities		Person entitled to be registered as holder 18	Nature of relevant interest (6)		Class and number of securities	Person's votes
   See Anneuxure c

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
   N/A

6. Addresses

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

   Name	Address
   Refer to Annexure A

   Signature

   print name Geoff Wilsoncapacity Director

   sign here date07/ 07 / 2017

   DIRECTIONS

7. 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.

8. See the definition of "associate" in section 9 of the Corporations Act 2001.

9. See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.

10. The voting shares of a company constitute one class unless divided into separate classes.

11. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

12. Include details of:

13. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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

14. 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.

15. 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.

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

17. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

18. Annexure A Wilson Asset Management Group 1 Details of Wilson Asset Management Group

    Name	ACN / ARSN
    Wilson Asset Mananement tJnternational Ptv Limited	ACN 081 047 118)
    MAM Ptv Limited	ACN 100 276 542
    WAM Canital Limited	(ACN 086 587 395
    WAM Research Limited	(ACN 100 504 541
    WAM Active Limited	ACN 126 420 719)
    Botanical Nominees Ptv Limited as trustee of the Wilson Asset Mananement Equitv Fund	(ACN 081 032 000)
    WAM Leaders Limited	ACN 611 053 751)
    WAM Microcap Limited	(ACN 617 838 418
    Century Australia Investments Limited	(ACN 107 772 761)

    6. Addresses

    Name	Address
    Wilson Asset Mananementllnternational Ptv Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    MAM Ptv Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    WAM Capital Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    WAM Research Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    WAM Active Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    Botanical Nominees Ptv Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    WAM Leaders Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    WAM Microcap Limited	Level 11, 139 Macquarie Street, Svdnev NSW 2000
    Centurv Australia Investments Limited	Level 12, 680 Georne Street, Svdnev NSW 2000
    RBC Investor Services	Level 47, 2 Park Street, Sydney NSW 2000
    BNP Paribas Securities Services	Level 4, 60 Castlereagh Street, Sydney NSW 2000

    Signed: t_:1::::._:::::========= Date: O 07/ 017

    ANNEUXUREll

    Date of Chan2e	Persons whoso relevant interest chaned	Nature of OianRe161	Consideration given In relalicn tc chane/7l		Number or securities arfocte 211.443 686.105	Class of Securities affected Ordinary Shares Ordinary Shares	Persons votes affected 211.443 686,105
    05-Jul-17	WAM Research Umited	On market Purchase	341,172.16
    05-Jul-17	WAM Capital limited	On market Purchase	1.107,059.23
    OS-Ju!-17	Botanical Nomin.,es Pty limit"d ATF Wil"'n	On market Purchase	41,853.67		:lS,939	Ordinary Shares	25.939
    	Asset Manaemenl Equitv Fund
    OS-Jut-17	WAM Microcap Umited	On market Purchase	177592.89		110,064	Ordinary Shares	110.064
    		On market Purchase	154,161.03		95,542	Ordinary Shares	95,542
    OS·Ju1·17	WAM Capital Limited	On market Purchase	1,054.285.12		653,398	Ordinary Shares	653,398
    OS·Jul-17	Botanical tlom,nee, Pty limited ATF Wilson	On market Purchase	18523.46
    	Asset Manaement Equity fund			11,480	Ordinary Shares	11,480
    06·Jul·17	WAM Mie	On market Purchase	44,463.96	26.936	Ordinary Shares	26.936

    Signed: )_ ::=::::=::=-:--

    Date: 07 7127