ENERGY ACTION LIMITED — Director's Dealing 2013

Aug 1, 2013

Energy Action Limited Level 5, 56 Station Street Parramatta NSW 2150 Email: info@energyaction.com.au Web: www.energyaction.com.au

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Friday, 2 August 2013

Andrew Weaver Senior Adviser, Listings Australian Securities Exchange 20 Bridge Street, Sydney, NSW 2000

Dear Andrew,

APPENDIX 3Y – PAUL MEEHAN

The attached Appendix 3Y discloses a change in Paul Meehan’s relevant interest in Energy Action Limited (ASX: EAX).

Mr. Meehan is deemed by section 608(3)(a) of the Corporations Act 2001 (Cth) to have a relevant interest in each security in which EAX itself has a relevant interest, because the voting power of Mr. Meehan in EAX is above 20%.

EAX itself, until recently, had a relevant interest in 41,976 ordinary shares in EAX because it had entered into a voluntary escrow agreement with the registered holder of those shares and had by that agreement acquired a power to control the disposal of those shares.

The shares subject to the voluntary escrow agreement were released from escrow on 1 August 2013. Therefore Mr. Meehan no longer has a relevant interest in those shares.

There has been no disposal of EAX shares by Mr. Meehan and hence no change in Mr. Meehan’s underlying interest (being the relevant interest of Mr. Meehan and his related entities after disregarding any deemed relevant interest held due to the relevant interest of EAX) in EAX, totalling 5,327,091 shares (a 21.05% interest).

Please contact the undersigned should you have any questions.

Yours faithfully,

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Nathan Francis

Chief Financial Officer & Company Secretary

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Energy Action Limited ( EAX )

ABN 90 137 363 636

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Paul Meehan
Date of last notice	10 September 2012

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Paul Meehan and his related entities did not take any action to cause the change of his relevant interest. The change in Paul Meehan’s relevant interest occurred due to changes in the relevant interest of EAX. Pursuant to section 608(3)(a) of the Corporations Act 2001 (Cth), Paul Meehan and his related entities are deemed to have a relevant interest in each EAX share which EAX has a relevant interest in.
Date of change	1 August 2013
No. of securities held prior to change	5,369,067
Class	Ordinary shares
Number acquired	Nil
Number disposed	41,976
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after **change **	5,327,091

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Change in the relevant interest of EAX. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	None.
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	The change in Paul Meehan’s relevant interests detailed above did occur during a closed period, however, this change was not caused by a ‘trade’ in EAX shares by Paul Meehan or his associates or any other person, or by any action taken by or within the control of Paul Meehan. The change in relevant interests occurred because of the automatic release from voluntary escrow of shares escrowed by EAX, by operation of the relevant escrow agreement. Paul Meehan had a relevant interest in these escrowed shares by virtue of section 608(3)(a) of the Corporations Act. As there was no trade in EAX shares, prior written clearance was not required.
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3