29-.JAN-2013 09:27 From:ELPHINSTONE PTY LTO 61 3 64319059 To:PFAX201

CEJ . = =. "P_T_Y_ _T_D

29 January 2013

Company Announccmcnts Officc

ASX Limited

20 Bridge Street

SYDNEY NSW 2000

By Facsimile; 1300 135 638 (5 Pages)

cc; Mrs Anna Bagley - Company Secretary, Engencco Limited

Level22, 535 Bourke Street, Melbourne, VIC 3000

By Facsimile (03) 8620 8999

Dcar Sirs

Re: Form 604 (Notice of Change of .lnterests of Sub1:tantial Holdcr)­ Engcnco Limited

Please find attached the ASIC Form 604 (Notice of Change of lntercsts of Substantial Holder) given by Elph Pty Ltd and others in relation to changes in their relevant interests in the securities ofEngenco Lìmited.

Yours taithfully

Elph Pty Ltd

Vince De Santis

DIRECTOR

141 - 143 Wllson Street. Bl.lrnle. T sm nl.o. 7320, Au nr lia Telephooe: (03)6430 0000 lnl Tel: 61-:16430 0000

Facsimilo: !03) 6431 9059

lnt Fox: 61-3 6431 9059

29-.JAN-2013 09:27 From:ELPHINSTONE PTY LTO 61 3 64319059 To:PFAX201

Form 604

Corporations, Act 2001

Sod.IDri 6718

Notice of change of interests of sub .>tantial holder

la.. Company Namè/St:hl:!rrre ENGENCO LIMITED

AcNIARSN 120 432 144
604 pag• 112 15 _iuly 1001

1, Doloils of subslanlial holder(1)

Namc

1CN/AR.SN (if ilpplicrrhle)

ELPHINSTONE GROUP - SEE ANNEXURE A: PART l

Thf!re was a change in thc intéfé ls ot' hP.

substantlal t1older Qn

Thc prcvioos ootlct:! was given to the company on

nre previous notice was dal M

2511/13

2Jtltl3

231liJ3

z. Pravious ond pre$ent V

Thé lot ;l ni.Jmber ofvotcs attached to r.tlll'h!-1 voting sharcs in t11o cornpany m voting interests in thc schvma thi!L LhP. fillbst ; ntitl holdcr or an associati:! (2) hnd R rP.Ievant intcrcst (3)
in whcn last rer1uia!t'l. and when now rcquircd, to glve" substantial holding notice to théornp;my or scheme, are as follows:

CIr;urities (4) PrP.viQu;; n!Jtke

Per on's votcs Vmin ower G

Prcscnt notlco

Per;;on's votes Voti! OWf!t' ti

SEE

ANNEXURE PART 2

3. Changes in oolevant inte sts

Particula!'s or' U<.Jçh d1<1nge in, or chtmge in the natl!n..: ur,rolevant. int =Yel:it of the wl:lstantial tloldllf or as ;it te in voting se:cui'ILiog or Ltle compnny or scheme. sincc l!l!'.!

b tMtial holder was last requlr·ed LU giv'' suhftt ntial holding notloo lO lhe l:mnpilliY or sçheme are as follow ::

Date of

change

P r c

f;!l·:;rm whose Natufe u1 Gonsldcration Class and

€101/Mt lr'llf!rf!;;t changc (6) given in relatiCln number of

hangcd 1o chonge (7) securll.ìP.:ì

affectcd

EXURE A: PA T 3

Porson's vOLi-!;;

affcctcd

SEE: AN

N

f;!l·:;rm whose Natufe u1 Gonsldcration Class and

€101/Mt lr'llf!rf!;;t changc (6) given in relatiCln number of

hangcd 1o chonge (7) securll.ìP.:ì

affectcd

EXURE A: PA T 3

Porson's vOLi-!;;

affcctcd

4. Present relevant intor()'&t.S

Part'tculars or ; at;h r ll V(Int inlerest of the substantialllolder in v 1ting securities after thc changc are 11s l!lllows:

Holdor of relevant intorcst

Rii!Qi:-i!li!rl:!l'l Pcrson e:ntll.IAd tlolder of lO bé reuistl,'!rf!d SP.CLiril!ii! o;holdor )

NEXURE A; PA RT 4

Nature of rclcvant intorest (6)

CISéturilies

Pcrson's votcs

SEE AN

Rii!Qi:-i!li!rl:!l'l Pcrson e:ntll.IAd tlolder of lO bé reuistl,'!rf!d SP.CLiril!ii! o;holdor )

NEXURE A; PA RT 4

Nature of rclcvant intorest (6)

CISéturilies

Pcrson's votcs

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P.J'S

604 pago 211 lò July 2001

5. Changès in ii$!Wçiation

Thc pcrsons who h Vé b r.ome associatcs (2) of. CCm;sm;i te:;;of. or have c.hangcd t11c: rr<:.tlurt:! ut' !ht!ir ;r ssoçiQtion {9) with. thc subslantlal tlOid!:!r in rel

interests in the company or chf:!me (Ire os follows:

N<>me and ACN/ARSN Of appl'lcoblr!)

Nawre of associatiorl

N/A

6. AddMSSQS

The addrcssoo of pcrsons mrmd in this formare as follows:

SEE ANNEXURE A:

+R ddr '

Signature

capacity DIRECTOR

sign here oaro 29/ l !13

DIR CTIONS

m lfltrurl:l ure a numbP.r of f.!Jhs.tar,tial holdcf:; wiLh :;imililr ex related reiFWRnt ini ests (eg. a corporatlon und it:; rl:llllted corporations, or the manager aM trustl.)u of ;:m

equity trust), thc narnc:;; c.:uuld bf! inc:ludP.d in ::m J; nnexrrre to thc fonn. 1r lhc Jdli:lll<.tnt inlt>rf!$t::; of a grm.lp of persons are csscnliolly imilm. they may bf! rf!ferred to
1 hn:rughout the form as a spccificoUy rlOrrtad gruup it' ttlf! mP,mhership of each group, with tho rltlllléand addresSPr5 of mernbers is clcarly solouL lrl parilgruph G of the
forl'rl.
(2) Sco thc dcfirutlon ol ''ilssor:int" in section 9 of the Corporations AcL LOOl.
(J) Sc!:l LllC definition of "relevant interest'' in scct1ons 6UU arl(lfi71B(7) or the Corporations Act 2001,
(4} 'f't1e voiing s 1ares of a company constitutè Ol'lé clùss unlesdivided into separate classos.
( ) lhi' p :.,:; :m's vote;; divic:led tyy the total votos in thc bOdy coq.K.If·atf! or sçtlf.!me multiplied by 100. (t)) lm::ludf'! details of:
(a) any tE-!Iev;mt agreement or other circumstar1ccs bocau0 or which !Ire drAnge in relevo!lnt intcrcst occurroo. tf StJbj;I:!Clicm G71Bj)<1rpties. a copy of any document sottlng out lh!i:! L.ar r11:; or any relevant agreemont, and a statcmenL oy thl:! parson gi'ling full and accurate dctails of any contrt. tl, schemP. or arrangement, must accompany tbl!;. fr:nrrl, wçett1er with a written statcmcnt ccnifying this t(lrllflut sçtlerne or arrangemcnt: and

(b) nny qu llirication ofthe fXJWer of a pcrson to cxercise, r:rmtrollhe exercise oL or influence the cxcrcisof. tha votirlg p(lwers or disposal ofthe socuritics to

whicll the ll:!ll:!vw whir.l t.11equulific:ation applics).

Soe Ltle dafin.ltion of "rAIP.Yf.mt ;: greet,lCnl" In Sù(.."tiOr!9 uf Lhc CorpCH"iltions Act 200'1.

(7) Doto:uls uf the currsidwation must include any andali bcncfits. rnoney and otMr, th/Jt < ny pP.rson frCm whom a rclcvant intorcst was acquired has, or mRy, bf:!r;Qm·e entitled to receive in relation to that acquislliM. Oet lil$ rnu!:it be inc.luded even if the bencfit is conditi1)rWI on tnt! hof a contingency. Dctails must. be inçluded of ;:my henefit paid on bchalf of thc substantl(f!]P.V ml interesl was acquired.
(8) lf the substantial !lOld!:.!lilmiJble io determine the irlentity ofthe pcrson (eg. if thc (Cicvamlm!:lre:>l miseber,. ; use of an option) writc "unknown''.

(9) C:ive details, if appropriate. of Lhc pmsum

29-.JAH-2013 09: 27 Fr om:ELPHIHSTOHE PTY TD 61 3 64319059 To:PFAX201

This is Annexure "A" of 2 pagcs referred lo in ASTC Form 604 (Notice of Changc of lnteresls or Subslanlial Holder).

Signed:

Name: Vince Dc Sanlis

Dal : 29 January 201.

PART l

l. lletails of Substantial Holder

Elphinstone Grnup- Rclcvant interests in Engcnco Linùtcd

Elph f'ty Llù

Elphin't011e Holdings Ply Lld

Dale Brcndon Elphinstone

070 012 252

0(1<) 50105

PART2

2. P•·evious and present voting power

Class of' securitics (4) PrevioliS not.icc

Present notice

Person's vot.cs

Voting power

5)

Person's votes

Vothlg power

(5)

50,207,622 40.42%

57,710,165

46.46%

PART3

3. Changcs in rele.v:mt interests

nate of

c.hange

Pcrson whnse reicvan!in!erest changed

Nature of cbange

Considcraiinn givcn i11t relation tto chan1w

Class and numhcr or

sc ·.urities

af'fected

Person s vo!cs affected

23 January

2013 to 25

January 201:1

Elph Ply Ud,

Elphinst.one Holùings Pty Ltd and Dak

Brcndon

Elphinswne

Sh:.ll'es purcha ed on market pursuanl w Lhc Elph Bid (>t'C Nt>lC l

bclow)

$561,922.56

3,121,792

23 January

2013 to 25

January 201:1

Elph Ply Ud,

Elphinst.one Holùings Pty Ltd and Dak

Brcndon

Elphinswne

Sh:.ll'es purcha ed on market pursuanl w Lhc Elph Bid (>t'C Nt>lC l

bclow)

$561,922.56

3,121,792

23 January

2013 to 25

January 201:1

Elph Ply Ud,

Elphinst.one Holùings Pty Ltd and Dak

Brcndon

Elphinswne

Sh:.ll'es purcha ed on market pursuanl w Lhc Elph Bid (>t'C Nt>lC l

bclow)

$561,922.56

3,121,792

3,121,792

23 January

2013 IO 25

Jmu1 1ry 2013

Elph Ply Lld,

Elphinstonc

t-!okling> Pty Lld and Dale Bt·endon Elphinsrone

Off mru·kel acccpl.anccs n.:ccivcd pursuant to lhc E/ph llid ('ee Note l hdow)

$788,5.,5. l B

4,3 0.751

23 January

2013 IO 25

Jmu1 1ry 2013

Elph Ply Lld,

Elphinstonc

t-!okling> Pty Lld and Dale Bt·endon Elphinsrone

Off mru·kel acccpl.anccs n.:ccivcd pursuant to lhc E/ph llid ('ee Note l hdow)

$788,5.,5. l B

4,3 0.751

4,. 80,751

23 January

2013 IO 25

Jmu1 1ry 2013

Elph Ply Lld,

Elphinstonc

t-!okling> Pty Lld and Dale Bt·endon Elphinsrone

Off mru·kel acccpl.anccs n.:ccivcd pursuant to lhc E/ph llid ('ee Note l hdow)

$788,5.,5. l B

4,3 0.751

NMl: l- · Elph Bid": On 12 Dec.emher 2012, Elph Ply Ltd announced it::. intr.-:nlil:u lo makc an ali cah 1m ..:onditium1l bid lO acquirali of lhtissued hare.:-::: in Ergeru..:(l Limitl·d for $0. l S ca.h per har. On '1 8 Det cmber 2012, El ph Ply Ltd lodgcd ìts llidckr's Stalcrncnt witll ASX and ASIC. On IO lanuary 2111.1, Elph Pty Lld dcspatched it' Uidder's Sl>ilcmcnt ltild ot'fer' (incorporatcd in the Bldder' }i Slalt.:mcnt) purs.uant to the r·equin:rm.:nl!.' of thc Corporations Act.

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2

PART4

4. l'resent rclcvant inte.rests

Holder uf rclcvant intercst

Registercd holder of securities

Persnn entitled to be. registered as holder

Nature of relcvant intcrcst

Class and numher of securìties

Pcrson's votes

l:ilph Pty Lld

Elph Pty Lld

F:lph Pty Ltd

Rcgi lcred holdcr of re1evam securit:ie.s

57,710,165

ordinary shares

57.710,165

Elphinstonc Holdings Ply Ltd

Elph Pty Ltd

Llph Ply Lld

V uling powcr in

Elph Pty Lld uf l 00%

57,710,165

urdinary -:harcs

57.710,165

Dale llrendon

El phinstonc

Elph Pty Ltd

Elph Pty Ltd

"Control" of

Elph Ply Lld "S rle.fined in scction 60S(4)

57,710.165

ordinary hat't!S

57,710,165

PART5

6. Addresses

Name

Address

Elph Ply Lld

141 14Wilson Strcc·t

Elph Ply Lld

llumie, Tas 732.0

Elphinstone Holdìngs Ply Lld

141 - 143 Wilson Slrccl

Burnic, Tas 7320

Dale Brendon JJphinslonc

cl- 141- 143 Wjlson Street

Dale Brendon JJphinslonc

Rurnie, T

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