Senex Energy : Becoming a substantial holder

Corporations Act 2001 Section 671B

To Company Name/Scheme Senex Energy Limited

ACN/ARSN

1. Details of substantial holder (1)

   Name PARADICE INVESTMENT MANAGEMENT PTY LTD

   ACN/ARSN (if applicable) ABN 64 090 148 619

   The holder became a substantial holder on

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)
   FPO	58,669,759	58,669,759	5.082%

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
   SEE ANNEXURE 1

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 relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
   SEE ANNEXURE 1

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 relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
   Cash	Non-cash

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

7. Addresses

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

Signature

print name capacity COMPANY SECRETARY

sign here date 14 / 12 / 16

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 6718(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:

8. any relevant agreement or other circumstances by which the relevant interest was acquired . 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

9. 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 .

10. 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".

11. 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.

BECOMING A SUBSTANTIAL SHAREHOLDER ANNEXURE 1

STOCK: SENEX ENERGY LIMITED DETAILS OF RELEVANT INTERESTS

Holder of Relevant Interest	Nature of Relevant Interest	Class & Number of Securities
Paradice Investment Management Pty Ltd	Power to , managed investment schemes	58,669,759 Fully Paid Ordinary Shares

Holder of Relevant Interest	Reistered Holder of Securities	Person entitled to be registered as holder	Nature of Relevant Interest	Class & No of Securities	Persons Votes
Paradice Investment Management Pty Ltd	National Nominees Ltd	National Nominees Ltd	Investment Manag	12,297,228	12,297,228
Paradice Investment Management Pty Ltd	JP Morgan Nominees Aust Ltd	JP Morgan Nominees Aust Ltd	Investment Manag	11,186,214	11,186,214
Paradice Investment Management Pty Ltd	HSBC Nominees Aust Ltd	HSBC Nominees Aust Ltd	Investment Manag	25,082,909	25,082,909
Paradice Investment Management Pty Ltd	Citicorp Nominees Ltd	Citicorp Nominees Ltd	Investment Manag	10,103,408	10,103,408
			TOTAL	58,669,759	58,669,759

CONSIDERATION

Holder of Relevant Interest	Date of Acquisition	Consideration	Class & No of Securities
Paradice Investment Management Pty Ltd	12-oct-16	-627 ,634.34	2,432,765
Paradice Investment Management Pty Ltd	13-0ct-16	-260,566.34	1,013,153
Paradice Investment Management Pty Ltd	14-0ct-16	-529,460 .28	2,050,306
Paradice Investment Management Pty Ltd	17-0ct-16	-1,095,363 .36	4,000,000
Paradice Investment Management Pty Ltd	18-0ct-16	-14,719,877.61	53,594,580
Paradice Investment Management Pty Ltd	18-0ct-16	14,180,984.68	-51,567,217
Paradice Investment Management Pty Ltd	19-0ct-16	-963 I798.69	3,375,000
Paradice Investment Management Pty Ltd	28-0ct-16	-129,394.18	500,000
Paradice Investment Management Pty Ltd	12-Dec-16	-842,566.13	3,000,000
Paradice Investment Management Pty Ltd	12-Dec-16	503,949.88	-1,799,821
		-$4,483,726.37	16,598,766

This is annexure 1 of 1 pages referred to in form 603 Notice of Initial Substantial Holder

14/12/2016 COMPANY SECRETARY

DATE CAPACITY