ENEGEX LIMITED — Capital/Financing Update 2016

Feb 25, 2016

Level 21 500 Collins Street Melbourne Victoria 3000 Australia Tel: (+61 3) 8610 4700 Fax: (+61 3) 8610 4799 Email: admin@enegex.com.au

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26 February 2016

To: Australian Securities Exchange

NON RENOUNCEABLE PRO RATA ENTITLEMENT OFFER

Enegex NL (ASX Code: ENX (Enegex) ) advises that it plans to raise $335,000 in new equity funding, before costs, through a pro rata non renounceable rights issue.

The entitlement offer is proposed to be for the acquisition of 1 Enegex share for every 2 shares held at a price of $0.0125 (1.25 cents) per share.

The entitlement offer is to be fully underwritten by Natural Resources Group Pty Ltd, a company associated with Enegex director, E.G. Albers.

Funds raised will strengthen Enegex’s balance sheet, funding its participation in the Cornea Retention Lease, WA-54R. Funds raised will also position Enegex to consider further opportunities to grow shareholder value.

The entitlement offer documentation is being prepared and a detailed announcement will be made upon conclusion of formalities.

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