ENERGY ACTION LIMITED — Capital/Financing Update 2021

Feb 24, 2021

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ASX Release

25 February 2021

ISSUE OF PLACEMENT SHARES Energy Action Limited (ASX:EAX)

Energy Action Limited ACN ( Company ) confirms it has today issued 1,034,483 new fully paid ordinary shares at an issue price of $0.29 per share ( Placement Shares ) by way of a placement to Bruce Macfarlane and Linda Miller as outlined in the Company’s announcement dated 9 February 2021.

An appendix 2A in relation to the Placement Shares was lodged with the ASX on 25 February 2021.

Section 708A(5)(e) on-sale cleansing notice

As required by section 708A(6) of the Corporations Act 2001 (Cth) ( Corporations Act ), the Company gives notice that:

• (a) the Placement Shares have been issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) this notice is given under section 708A(5)(e) of the Corporations Act;

• (c) as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) section 674 of the Corporations Act; and

• (d) as at the date of this notice, there is no excluded information (within the meaning of subsections 708A(7) and 708A(8) of the Corporations Act) to be disclosed under section 708A(6)(e) of the Corporations Act.

Signed for and on behalf of the Company:

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Kim Bradley-Ware Company Secretary

Enquiries – please contact

John Huggart, CEO 02 9633 6476 Tracy Bucciarelli, CFO 02 9633 6407

This document was authorised to be given to the ASX by the Board.

Energy Action (Australia) Pty Ltd Level 5, 56 Station Street, Parramatta NSW 2150 1300 553 551 | info@energyaction.com.au | www.energyaction.com.au