Reckon LimitedASX: RKN

Notice of ceasing to be a substantial holder

· Issued by Reckon Limited

Date of change

Person whoserelevant interestchanged

Nature

of change

(4)

Consideration given inrelation to change(5)

Class (6) and number of securities affected

Person'svotes affected

835,246

29/07/2016-

08/08/2016

HIGHCLERE INTERNATIONAL INVESTORS SMALLER COMPANIES FUND

SALE

USD 948,833

835,246

Name andACN ARSN (if applicable)

Nature ofassociation

Name

Address

HIGHCLERE INTERNATIONAL INVESTORSSMALLER k:OMPANIES FUNDS

'.:/0HIGHCLERE INTERNATIONALINVESTORS INC. 353BAYBERRY LANE, WESTPORT, CT 06682,USA

605 page 112 15 July2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

I2...Company Name/SchemeRECKON LTD

ACN/ARSN 003 348 730

1. Details of substantial holder(1)

Name HIGHCLEREINTERNATIONAL INVESTORS LLP

ACNIARSN (ifapplicable)

Theholder ceased tobeasubstantialholder on 08/0812016

The previous notice wasgiven to the company on 02108/2016 The previous notice was dated01/0812016

  1. Changes inrelevant Interests

  2. Changes Inassociation

  3. Addresses

Particulars of eachchange in,or change inthenature of, a relevantinterest(2)of the substantial holderor anassociate (3) invoting securitiesof thecompany or scheme, since the substantialholder was last required togive a substantialholding noticeto the companyor schemeare as follows:

The persons who have become associates (3) of,ceased tobe associatesof,or have changed thenature of !heir association (7)with,the substantialholder inrelation to votinginterests in thecompany or scheme are asfollows:

Theaddressesof persons namedin thisfonm are as follows:

( 'fit

Signature print name capacityCJuO

sign heredateo Ioi I'B