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/SchemeRECKON LIMITED (ASX: RKN)

ACN/ARSN ACN 003 348 730

1. Details of substantial holder (1)

   Name Wilson Asset Management Group (refer entities listed in Anneuxure A)

   ACN/ARSN (if applicable)

   There was a change in the interests of the substantial holder on

   The previous notice was given to the company on The previous notice was dated

   .Q.!!./04/2017 22/02/2017

   20/02/2017

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	7,890,215	6.96%	9,848,644	8.69%

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 chanQed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   See AnneuxureB		...

4. Present relevant interests

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

   Holder of Registered holder Person entitled to be Nature of relevant Class and number Person's votesrelevant of securities registered as holder interest (6) of securities

   interest 18)

   WAM

   Capital Limited

   RBC Investor WAM Capital Services Limited

   Management of

   portfolio of 6,809,841 61809,841 investments of ordinary ordinary WAM Capital shares shares Limited

   WAMRBC Investor WAM Research Management of 21 7101719 2,7101719 Research Services Limited portfolio of ordinaryordinary

   Limited	investments of WAM Research Limited	shares	shares
   Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	RBC Investor Services	Botanical Nominees PtyLimited ATF Wilson Asset Management Equity Fund	Management of portfolio of investments of Botanical Nominees Pty Limited ATF Wilson Asset Management EquityFund	328,084 ordinary shares	328,084 ordinary shares

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 (ifapplicable)	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 dMe 07/04/2017

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.

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 6718(7) of the Corporations Act 2001.

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

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

6. Include details of:

7. 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

8. 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).

9. Annexure A

   Wilson Asset Management Group

   1 Details of Wilson Asset Management Group

   Name	ACN / ARSN
   Wilson Asset Manaoement (International) Ptv Limited	(ACN 081 047 118)
   MAM Ply Limited	ACN 100 276 542)
   WAM Capital Limited	(ACN 086 587 395
   Botanical Nominees Ptv Limited as trustee of the Wilson Asset Manaaement Equitv Fund	ACN 081 032 000)
   WAM Research Limited	(ACN 100 504 541)
   WAM Active Limited	(ACN 126 420 719)

   6. Addresses

   Name	Address
   Wilson Asset Manaaement (International) 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
   Botanical Nominees Ply 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
   RBC Investor Services	Level 47, 2 Park Street, Sydney NSW 2000

   Signed:-

   Date: 07/J{k;17

   ANNEUXURE

   Date of Change	Persons whose relevant interest changed	Nature of Change (6)	Consideration given in relation to change (7)		Number of Securities affected	Class of Securities affected	Persons votes affected
   27-Feb-17	WAM Research Limited	On market Purchase	-	18,474.97	10,955	Ordinary Shares	10,955
   27-Feb-17	WAM Capital Limited	On market Purchase	-	46,419.30	27,525	Ordinary Shares	27,525
   27-Feb-17	Botanical Nominees PtyLimited ATF Wilson Asset Management Equity Fund	On market Purchase	-	2,234.54	1,325	Ordinary Shares	1,325
   28-Feb-17	WAM Ca pital limited	On market Purchase	-	6,779.18	3,986	Ordinary Shares	3,986
   02-Mar-17	WAM Capital Limited	On market Purchase	-	15,347.82	9,030	Ordinary Shares	9,030
   03-Mar-17	WAM Capital Limited	On market Purchase	-	372.46	219	Ordinary Shares	219
   17-Mar-17	WAM Capital Limited	On market Purchase	-	2,748.41	1,616	Ordinary Shares	1,616
   24-Mar-17	WAM Research Limited	On market Purchase	-	2,240.66	1,318	Ordinary Shares	1,318
   24-Mar-17	WAM Ca pital Limited	On market Purchase	-	5,633.96	3,314	Ordinary Shares	3,314
   24-Ma r-17	Botanical Nominees Pty limited ATF Wilson Asset Management Equity Fund	On market Purchase	-	270.31	159	Ordinary Shares	159
   28-Ma r-17	WAM Research Limited	On market Purchase	-	22,940.93	13,608	Ordinary Shares	13,608
   28-Ma r-17	WAM Ca pita l Limited	On market Purchase	-	32,411.99	19,226	Ordinary Shares	19,226
   28-Ma r-17	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market Purchase	-	2,810.30	1,667	Ordinary Shares	1,667
   29-Ma r-17	WAM Research Limited	On market Purchase	-	48,033.11	28, 705	Ordinary Shares	28,705
   29-Ma r-17	WAM Capital Limited	On market Purchase	-	120,679.31	72,119	Ordinary Shares	72,119
   29-Mar-17	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market Purchase	-	5,811.50	3,473	Ordinary Shares	3,473
   30-Mar-17	WAM Capital Limited	On market Purchase	-	19,399.59	11,506	Ordinary Shares	11,506
   03-Apr-17	WAM Capital Limited	On market Purchase	-	11,212.73	6,615	Ordinary Shares	6,615
   04-Apr-17	WAM Research limited	On market Purchase	-	18,169.09	10,683	Ordinary Shares	10,683
   04-Apr-17	WAM Capital Limited	On market Purchase	-	14,810.11	8,708	Ordinary Shares	8,708
   04-Apr-17	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market Purchase	-	2,200.77	1,294	Ordinary Shares	1,294
   05-Apr-17	WAM Research Limited	On market Purchase	-	788,188.41	473,770	Ordinary Shares	473,770
   05-Apr-17	WAM Capital limited	On market Purchase	-	1,980,213.36	1,190,281	Ordinary Shares	1,190,281
   05-Apr-17	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market Purct,ase	-	95,372.18	57,327	Ordinary Shares	57,327

   Signed:

   Date: 07/01!}017