ENERGY ACTION LIMITED — Major Shareholding Notification 2011

Oct 13, 2011

Level 5, 56 Station St Parramatta NSW 2150 Phone: (02) 9891 6911 Fax: (02) 9475 0954 ASX Code: EAX Website: http://www.energyaction.com.au/home.html

14 October 2011

ASX / Media Release

ENERGY ACTION LIMITED (ASX:EAX)

Dear Sir/ Madam,

Please find enclosed the ASIC Form 603: Notice of Initial Substantial Holder (the Notice) that Energy Action Limited (the Company) received from Paul Meehan and his related entities (the Substantial Holder). Paul Meehan is also a director of the Company.

In the Notice the total voting power in the Company of the Substantial Holder is disclosed as 45.758%. We bring it to your attention that the Substantial Holder is deemed by section 608(3)(a) of the Corporations Act 2001 (Cth) to have a relevant interest in each security in which the Company itself has a relevant interest, because the voting power of the Substantial Holder in the Company is above 20%. The Company itself has a relevant interest in 8,815,934 ordinary shares in the Company because it has entered into a voluntary escrow agreement with the registered holders of those shares and has by that agreement acquired a power to control the disposal of those shares. The Substantial Holder is a party to the voluntary escrow agreement and is the registered holder of 2,653,298 ordinary shares that are escrowed under the voluntary escrow agreement.

As a result, at the date of the Notice, the Substantial Holder has a relevant interest in the following ordinary shares:

• a) 5,306,595 ordinary shares held directly by the Substantial Holder; and
• b) 6,162,636 ordinary shares held by other shareholders in the Company that are the subject of the voluntary escrow agreement.

We note that, if the relevant interest in the voluntary escrow agreement (shown in b above) is disregarded, the Substantial Holder would have voting power in the Company of is 21.171%.

Investor and media enquiries:

Valerie Duncan Chief Executive Officer and Company Secretary Phone: +61 2 9891 6911

Further information on Energy Action Limited is available at: http://www.energyaction.com.au/home.html

Form 603
Corporations Act 2001 Section 671B
	Notice of initial substantial holder
	To: Company Name/Scheme Energy Action Limited
ACN/ARSN		ACN 137 363 636
1. Details of substantial holder (1) Name		Paul Meehan Meehanteam Pty Limited (ACN 092 030 825) Holyoake Investments Pty Ltd (ACN 069 765 984) in its capacity as trustee of the Holyoake Family Trust Salmee Pty Limited (ACN 088 352 185) in its capacity as trustee of the Holyoake Superannuation Fund (together Meehan and Related Entities)
ACN/ARSN (if applicable)		Meehanteam Pty Limited (ACN 092 030 825) Holyoake Investments Pty Ltd (ACN 069 765 984) Salmee Pty Limited (ACN 088 352 185)
The holder became a substantial holder on		13 / 10 / 11 Energy Action Limited became a listed company on 13 October 2011.
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)
	ordinary shares		11,469,231	11,469,231		45.758%
	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 Meehan and Related Entities	Nature of relevant interest (7) Meehanteam Pty Limited has a relevant		Class and number of securities 3,000,698 ordinary shares
			interest as the registered and beneficial holder of the shares. Paul Meehan has a deemed relevant interest under section 608(3)(b) of the Corporations Act in the shares in which Meehanteam

Pty Limited (an entity controlled by Paul Meehan) has a relevant interest

relevant interest as the registered holder of the shares with a power to control a right to vote attached to the shares and to dispose of the shares. Holyoake Investments Pty Limited holds the shares in its capacity as trustee of the Holyoake Family Trust. Paul Meehan has a deemed relevant interest under section 608(3)(b) of the Corporations Act in the shares in which Holyoake Investments Pty Limited (an entity controlled by Paul Meehan) has a relevant interest

2,208,372 ordinary shares

Meehan and Related Entities Holyoake Investments Pty Limited has a

Meehan and Related Entities	Salmee Pty Limited has a relevant interest as the registered holder of the shares with a power to control a right to vote attached to the shares and to dispose of the shares. Salmee Pty Limited holds the shares in its capacity as trustee of the Holyoake Super Fund. Paul Meehan has a deemed relevant interest under section 608(3)(b) of the Corporations Act in the shares in which Salmee Pty Limited (an entity controlled by Paul Meehan) has a relevant interest.	97,525 ordinary shares
Meehan and Related Entities	Refer to the Voluntary Escrow Agreement between Energy Action Limited and others that is contained in Appendix A. Meehan and Related Entities are deemed by section 608(3)(a) of the Corporations Act to have a relevant interest in each share in which Energy Action Limited (a body corporate in which Meehan and Related Entities have a voting power of greater than 20% ) has a relevant interest. Energy Action Limited has a relevant interest in each share that is escrowed under the Voluntary Escrow Agreement because it controls the exercise of a power to dispose of that share.	6,162,636 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holders of relevant interest	Registered holder of Securities	Person entitled to be registered as a holder (8)	Class and number of securities
Meehan and Related Entities	Meehanteam Pty Limited	Meehanteam Pty Limited	3,000,698 ordinary shares
Meehan and Related Entities	Holyoake Investments Pty Limited	Holyoake Investments Pty Limited	2,208,372 ordinary shares
Meehan and Related Entities	Salmee Pty Limited	Salmee Pty Limited	97,525 ordinary shares
Meehan and Related Entities	Amarina Systems Pty Limited in its capacity as trustee of the Watts Superannuation Fund	Amarina Systems Pty Limited in its capacity as trustee of the Watts Superannuation Fund	997,020 ordinary shares
Meehan and Related Entities	Amarina Systems Pty Limited in its capacity as trustee of the Watts Family Trust	Amarina Systems Pty Limited in its capacity as trustee of the Watts Family Trust	217,902 ordinary shares
Meehan and Related Entities	Ronald Watts	Ronald Watts	197,719 ordinary shares
Meehan and Related Entities	Valerie Duncan	Valerie Duncan	1,206,688 ordinary shares
Meehan and Related Entities	Toveelen Pty Limited in its capacity as trustee of the Twaddell Super Fund	Toveelen Pty Limited in its capacity as trustee of the Twaddell Super Fund	1,148,105 ordinary shares
Meehan and Related Entities	Jeffery Allen & Carolyn Allen	Jeffery Allen & Carolyn Allen	712,917 ordinary shares
Meehan and Related Entities	Edward Hanna	Edward Hanna	652,522 ordinary shares
Meehan and Related Entities	Barry Denton	Barry Denton	570,166 ordinary shares
Meehan and Related Entities	Austcorp No 214 Pty Ltd in its capacity as trustee of the William J Moss Super Fund	Austcorp No 214 Pty Ltd in its capacity as trustee of the William J Moss Super Fund	259,597 ordinary shares
Meehan and Related Entities	Moss Capital Pty Limited	Moss Capital Pty Limited	200,000 ordinary shares
		Total	11,469,231 ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four month s 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
Meehan and Related Entities	08/08/11	\$19,632.34	N/A	20,893 ordinary shares
Meehan and Related Entities	08/08/11	\$14,447.16	N/A	15,375 ordinary shares
Meehan and Related Entities	08/08/11	\$638.82	N/A	680 ordinary shares

6. Associates

The reasons the person named in paragraph 3 above and 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:

	Name	Address
	Paul Meehan
	Meehanteam Pty Limited	PO Box 597, Campbelltown NSW 2560
	Holyoake Investments Pty Limited
	Salmee Pty Limited
	Amarina Systems Pty Limited
	Ron Watts	14 Beresford Avenue, Chatswood NSW 2067
	Valerie Duncan	90 Crudge Road, Marayong NSW 2148
	Toveelen Pty Limited	24 Beech Grove, 2 Brady Street, Mosman NSW 2088
	Jeffery Allen & Carolyn Allen	22 Candowie Crescent, Baulkham Hills NSW 2153
	Edward Hanna	143 Johnston Street, Annandale NSW 2038
	Barry Denton	2967 Bells Line of Road Bilpin, NSW 2758
	Austcorp No 214 Pty Ltd	Unit 3502, 70 Market Street, Sydney NSW 2000
	Moss Capital Pty Limited	Level 26, 135 King Street, Sydney NSW 2000

print name Paul Meehan	capacity DIRECTOR
sign here	$\sqrt{2}$ $\lceil$ date

$\bar{\mathcal{D}}$

Signature

ASSASSING

Appendix A

Voluntary Escrow Agreement between Energy Action Limited and others, dated 8 September 2011.

Voluntary Escrow Agreement

Energy Action Limited

The persons listed in Schedule 1

Greenwich Legal
Level 11, 50 Margaret Street, Sydney NSW Tel: +61 2 8197 2222 Fax: +61 2 9290 2707
GPO Box 4474, Sydney NSW 2001 www.greenwichlegal.com.au

$\label{eq:2} \frac{\partial}{\partial t} \frac{\partial}{\partial t} = -\frac{1}{2} \partial_t$

Table of Contents

$\mathbf{1}$ .	CONDITION AND EFFECTIVE DATE
1.1 1.2.	Condition Precedent No admission
2.	VOTING AND DISPOSAL OF RESTRICTED SHARES
2.1. 2.2. 2.3. 2.4.	Disposal of Restricted Shares Holding lock Restricted Shareholders can vote EA Shares Release of Restricted Shares
3.	ENERGY ACTION SHARE TRADING POLICY
4.	GENERAL
4.1 4.2. 4.3. 4.4. 4.5 4.6. 4.7. 5.	Assignment Further Assurances Entire Agreement Waiver Notices Governing Law and Jurisdiction Counterparts DEFINITIONS AND INTERPRETATION
5.1. 5.2.	Definitions Interpretation
	SCHEDULE 1
	RESTRICTED SHAREHOLDERS

Escrow Agreement

$2011$

8 September

	the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company 2011
Parties
Name	Address / Details
Each of the persons listed in Schedule 1	Refer to Schedule 1	Each a Restricted Shareholder and together the Restricted Shareholders
ENERGY ACTION LIMITED (ACN 137 363 636)	Suite 2, Level 11, 56 Station St Parramatta NSW 2150	Company or Energy Action

Recitals

$D₂$ to

• $\mathbf{L}$ The Company has applied for admission to the Official List of the Australian Stock Exchange (ASX).
• $II.$ Each shareholder of the Company who holds or is deemed to hold (by virtue of their collective holding with any related entity or associate) equal to or greater than five (5) percent of EA Shares or a Director of the Company (each a Restricted Shareholder) at the date of release of the prospectus to the market has agreed not to sell, dispose or encumber 50% of their shareholding in accordance with this Agreement.
• $III$ For the purpose of the percentage calculation in recital II, the holding of a shareholder will include the shares of any related entity and any associate of that shareholder.
• IV. Moss Capital Pty Ltd ACN 135 588 224 (Moss Capital) was engaged by Energy Action to advise the Company in relation to the IPO. As a component of its remuneration for the services provided, Moss Capital will receive EA Shares on the allotment of all other EA Shares to be issued under the IPO and an option over EA Shares (the Option) with effect from the date of quotation of EA Shares on the ASX.
• V. Moss Capital (also a Restricted Shareholder) has also agreed not to sell, dispose or encumber 50% of the EA Shares received and 50% of any EA Shares issued to Moss Capital as a result of the exercise of the Option, if such exercise occurs before Moss Capital's EA Shares are Released Shares under this Agreement.

IT IS AGREED as follows:

$\mathbf{1}$ . CONDITION AND EFFECTIVE DATE

$1.1.$ Condition Precedent

$(a)$ This Agreement takes effect on the date the Company is admitted (Admission Date) to the Official list of the ASX (the Condition Precedent).

$-1$ -

$\sim 10^{11}$

Each party must co-operate with the other and do all things reasonably necessary to $(b)$ procure that the Condition Precedent is fulfilled.

$1.2.$ No admission

If the Condition Precedent is not satisfied before 1 December 2011, this Agreement is deemed to be void and of no effect and in those circumstances no party has any liability to any party in respect of any matter arising out of this Agreement.

VOTING AND DISPOSAL OF RESTRICTED SHARES $2₁$

$2.1.$ Disposal of Restricted Shares

Except where permitted under this Agreement, each Restricted Shareholder agrees not to:

• sell, assign, transfer, or otherwise dispose of the Restricted Shares; $(a)$
• create or grant, agree to, or offer to create or grant, or permit to be created or granted, $(b)$ any Security Interest over any of the Restricted Shares; or
• do, or omit to do, any act if the act or omission would have the effect of transferring $(c)$ ownership or control of, or creating any Security Interest over, any of the Restricted Shares.

$2.2.$ Holding lock

Each Restricted Shareholder irrevocably agrees to the application of a holding lock, by the Company through its share registry, to the Restricted Shares until those shares become Released Shares in accordance with clause 2.4.

$2.3.$ Restricted Shareholders can vote EA Shares

Notwithstanding the restrictions on disposal with respect to the Restricted Shares contained in this Agreement, each Restricted Shareholder shall be entitled to vote the Restricted Shares as each thinks fit for so long as the relevant Restricted Shareholder remains the owner of the Restricted Shares.

$2.4.$ Release of Restricted Shares

• Restricted Shares are automatically released (without any further step or documents $(a)$ or approvals) on the first Business Day following the announcement of the Company's results on the ASX for the financial year ending 30 June 2012 (called Released Shares).
• $(b)$ All Restricted Shares are also automatically released if there is a:
• $(i)$ takeover;
• $(ii)$ scheme of arrangement; or
• $(iii)$ other similar event,

where the takeover, scheme of arrangement or other event is recommended by the directors of the Company and becomes unconditional (also called Released Shares).

• EA Shares issued under a dividend investment plan in connection with Restricted $(c)$ Shares are to be treated as Released Shares (also called Released Shares).
• $(d)$ Restricted Shares are also released to the extent the Directors unanimously agree that:
• $(i)$ Exceptional Circumstances exist in relation to a Restricted Shareholder; and

$\mathcal{F}^{(2)}{\mathcal{F}{\mathbf{p}}}$

$\mathcal{L}_{\text{cav}}$ .

$(ii)$ those Exceptional Circumstances necessitate the early release of the Restricted Shareholder's Restricted Shares(also called Released Shares).

3. ENERGY ACTION SHARE TRADING POLICY

To the extent applicable, the Restricted Shareholders will comply with the Company's Trading Policy provided to it on our about the date of this Agreement in relation to the timing of the disposal of any Released Shares.

$4.$ GENERAL

$4.1.$ Assignment

• $(a)$ A Restricted Shareholder must not assign, charge, encumber or otherwise deal with any rights and obligations under this Agreement, or attempt or purport to do so, without the prior written consent of the Company.
• $(b)$ The Company cannot assign, charge, encumber or otherwise deal with any rights and obligations under this Agreement, or attempt or purport to do so, without the prior written consent of each Restricted Shareholder.

$4.2.$ Further Assurances

Each party must do anything (including executing agreements and documents) necessary to give full effect to this Agreement and the transactions contemplated by it.

$4.3.$ Entire Agreement

This Agreement contains the entire agreement between the parties with respect to its subject matter. It sets out the only conduct relied on by the parties and supersedes all earlier conduct and prior agreements and understandings between the parties in connection with its subject matter.

4.4. Waiver

No failure to exercise nor any delay in exercising any right, power or remedy under this Agreement operates as a waiver. A single or partial exercise or waiver of the exercise of any right, power or remedy does not preclude any other or further exercise of that or any other right, power or remedy. A waiver is not valid or binding on the party granting that waiver unless made in writing.

$4.5.$ Notices

Any notice, demand, consent or other communication (a Notice) given or made under this Agreement:

• $(a)$ must be in writing and signed by the sender or a person duly authorized by the sender:
• $(b)$ must be addressed and delivered to the intended recipient at the address or fax number below or the address or fax number last notified by the intended recipient to the sender after the date of this Agreement:

(i)	to the Restricted Shareholders:	See Schedule 1 for address and attention details.
(ii)	to the Company:	Attention: Company Secretary

See page 1 for address

will be taken to be duly given or made when delivered, received or left at the above $(c)$ fax number or address. If delivery occurs on a day which is not a Business Day in the place to which the Notice is sent or is later than 4.00pm at that place, it will be taken to have been duly given or made at the commencement of business on the next Business Day in that place.

$4.6.$ Governing Law and Jurisdiction

This Agreement is governed by the laws of the State of New South Wales. Each party submits to the non exclusive jurisdiction of courts exercising jurisdiction there in connection with matters concerning this Agreement.

$4.7.$ Counterparts

This Agreement may be executed in any number of counterparts. All counterparts will be taken to constitute one instrument.

5. DEFINITIONS AND INTERPRETATION

$5.1.$ Definitions

The following definitions apply unless the context requires otherwise.

Admission Date means the date on which the Company is admitted to the Official list of the ASX.

ASX means the Australian Securities Exchange.

Business Day means a day on which banks are open for business in New South Wales.

Condition Precedent has the meaning given in clause 1.1.

Director means a director of the Company.

EA Shares means ordinary shares in the Company together with the benefit of all rights (including dividend rights) attached or accruing to those shares.

Exceptional Circumstances means any circumstances that constitute financial or personal hardship or necessity.

Moss Capital means Moss Capital Pty Ltd ACN 135 588 224

Option means the call option over 200,000 unissued shares in the Company to be granted to Moss Capital in accordance with the Option Deed.

Option Deed means the agreement entered into on or about the date of this Agreement between the Company and Moss Capital in relation to the terms of the Option.

Released Shares has the meaning given in clause 2.4.

Restricted Shareholder means the shareholders listed in Schedule 1.

Restricted Shares means 50% of:

• EA Shares each Restricted Shareholder holds on the Admission Date; and $(a)$
• $(b)$ (as regards Moss Capital as a Restricted Shareholder) any EA Shares issued to Moss Capital as a result of the exercise of the Option, if such exercise occurs before Moss Capital's other EA Shares restricted pursuant to (a) are Released Shares under clause $2.4.$

and where this calculation produces a fraction, the number shall be rounded up.

Security Interest means an interest or power:

• $(c)$ reserved in or over any interest in any asset including, without limitation, any retention of title; or
• $(d)$ created or otherwise arising in or over any interest in any asset under a bill of sale, mortgage, charge, lien, pledge, trust or power by way of security for the payment of debt or any other monetary obligation or the enforcement of any other obligation and whether or not existing or agreed to be granted or created.

Trading Policy means the Company's policy of the same name approved by the Board.

$5.2.$ Interpretation

Headings are for convenience only and do not affect interpretation. The following rules apply unless the context requires otherwise.

• $(a)$ The singular includes the plural, and the converse also applies.
• If a word or phrase is defined, its other grammatical forms have a corresponding $(b)$ meaning.
• A reference to a person includes a corporation, trust, partnership, unincorporated $(c)$ body or other entity, whether or not it comprises a separate legal entity.
• $(d)$ A reference to a clause or schedule is a reference to a clause of or a schedule of this Agreement.
• A reference to an agreement or document (including a reference to this Agreement) is $(e)$ to the agreement or document as amended, supplemented, novated or replaced except to the extent prohibited by this Agreement or that other agreement or document.
• $(f)$ A reference to a party to this Agreement or another agreement or document includes the party's successors, permitted substitutes and permitted assigns (and, where applicable, the party's legal personal representatives).
• A reference to legislation or to a provision of legislation includes a modification or re $(g)$ enactment of it, a legislative provision substituted for it and a regulation or statutory instrument issued under it.
• $(h)$ A reference to dollars and \$ is to Australian currency.
• $(i)$ A reference to a right or obligation of any two or more persons confers that right, or imposes that obligation, as the case may be, jointly and severally.
• Mentioning anything after includes, including, for example, or similar expressions, does $(i)$ not limit what else might be included.

Escrow Agreement

Signed on behalf of Meehanteam Pty Ltd (ACN 092 030 825):

Signature of Director

Signature of Director/Company Secretary

TAUL MEEMAN

Print name

$8/9$ Date

Date

Print name

Signed on behalf of Holyoake Investments Pty. Ltd. (ACN 069 765 984) as trustee for Holyoake Family Trust:

Signature of Director/Company Secretary

PRUL MECHAN-

Print name

Signature of Director

Print name

$\overline{8}$

Date

Ñ.

$\mathcal{Q}_{\text{in}}$ .

Signed on behalf of Salmee Pty. Limited (ACN 088 352 185) as trustee for Holyoake Superannuation Fund:

Signature of Director

Signature of Director/Company

$M$ EEHAN $\alpha v$

Print name

Secretary

$\mathcal{R}$ Date

Print name

Date

Signed on behalf of Amarina Systems Pty. Limited (ACN 003 957 453) as trustee for Watts Family Trust:

$6₆$

Signature of Director

WARTS $\widehat{\mathbb{C}}$ $CNA$

Print name

$\setminus$

Date

Signature of Director/Company Secretary

Print name

Escrow Agreement

Signed on behalf of Amarina Systems Pty. Limited (ACN 003 957 453) as trustee for Watts Superannuation Fund:

Romed De

Signature of Director

Signature of Director/Company Secretary

RONALD WATER

Print name

$81911$

Date

Date

Print name

Signed by Ronald Watts:

Read wars

Signature

$8914$

Date

Signed by Valerie Duncan:

) en Signature

$8.9.11$

$\begin{bmatrix} \mathbf{A}^{(1)} \ \mathbf{A}^{(2)} \ \mathbf{A}^{(3)} \end{bmatrix}$

$\frac{1}{\sqrt{2}}\sum_{i=1}^{n} \frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}$

Signed on behalf of Toveelen Pty Ltd (ACN 003 559 313) as trustee for the Twaddell Super Fund:

$dd\,$

Signature of Director

$100A\lambda$ deu

Print name

$201$

Date

Signature of Director/Company Secretary

Print name

Date

Signed on behalf of Jeffery Allen & Carolyn Allen as trustees for the J&C Allen Superannuation Fund:

Signature of Jeffery Allen

Signature of Carolyn Allen

Date

Escrow Agreement

$\mathcal{E}_{\mathbf{r},\mathbf{r}}$

Signed by Edward Hanna:

Signature

l.

Date

Signed by Barry Denton:

Signature

Date

Signed on behalf of Austcorp No 214 Pty Ltd (ACN 003261372) as trustee for The William J Moss Superannuation Fund:

Signature of Director

Signature of Director/Company Secretary

$MDS5$ WILI IAM

Print name

Print name

Date

Signed on behalf of Toveelen Pty Ltd (ACN 003 559 313) as trustee for the [Twaddell Super Fund]:

Signature of Director

Signature of Director/Company Secretary

Print name

Print name

Date

Date

Signed on behalf of Jeffrey Allen & Carolyn Allen as trustees for the J&C Allen Superannuation Fund:

Signature of Jeffrey Allen

Signature of Carolyn Allen

2011 Date

Signed on behalf of Moss Capital Pty Ltd (ACN 135 588 224):

Signature of Director

Signature of Director/Company-Secretary CHIEF OPERATING OFFICER

GLENN NORMAN WILLIS

Print name

09/09/2011

Date

MARN LEIGH MEGY

Print name

$09/09/2011$

Date

Signed on behalf of Energy Action Limited (ACN 137 363 636):

$Id$ $\sim$

Signature of Director

$5/9$

KONAIS WATTS

HANNA EDUARY

Signature of Director/Company

Print name

Secretary

9

Date

Print name

Date

$\bigg| \bigg|_2$

SCHEDULE 1 RESTRICTED SHAREHOLDERS

	Name	EA Shares held pre share split	EA Shares held post split on release of prospectus	% of all Energy Action Shares (pre share split)	Restricted Shares (ie 50%)	Address:	Attention to:
1.	Meehanteam Pty Ltd	1,549,227	3,000,698		1,500,349	Po Box 597 Campbelltown, NSW 2560
2.	Holyoake Investments Pty. Ltd.	1,140,158	2,208,372	25.43 (Director)	1,104,186	Po Box 597 Campbelltown, NSW 2560	Paul Meehan
3.	Salmee Pty. Limited	50,351	97,525		48,763	Po Box 597 Campbelltown, NSW 2560
4.	Amarina Systems Pty. Limited	1,029,500	1,994,039		997,020	14 Beresford Avenue Chatswood NSW 2067
5.	Amarina Systems Pty. Limited	225,000	435,803	13.54 (Director)	217,902	14 Beresford Avenue Chatswood NSW 2067	Ron Watts
6.	Ronald Watts	204,106	395,438		197,719	14 Beresford Avenue Chatswood NSW 2067
7.	Valerie Duncan	1,246,000	2,413,377	11.57 (Director)	1,206,688	90 Crudge Road Marayong, NSW 2148	Val Duncan
8.	Toveelen Pty Ltd	1,185,507	2,296,209	11.01 (Director)	1,148,105	24 Beech Grove, 2 Brady Street Mosman NSW 2088	Steve Twaddell

$-1-$

	Name	EA Shares held pre share split	EA Shares held post split on release of prospectus	% of all Energy Action Shares (pre share split)	Restricted Shares (ie 50%)	Address:	Attention to:
9.	Jeffery Allen & Carolyn Allen	736,142	1,425,833	6.83	712,917	22 Candowie Cresent, Baulkham Hills, NSW 2153	Jeff Allen
10.	Edward Hanna	673,780	1,305,044	6.25 (Director)	652,522	143 Johnston Street Annandale, NSW 2038	Edward Hanna
11.	Barry Denton	588,740	1,140,332	5.47	570,166	2967 Bells Line of Road Bilpin, NSW 2758	Barry Denton
12.	Austcorp No 214 Pty Ltd	268,054	519,194	2.49 (Director)	259,597	Unit 3502, 70 Market Street, Sydney NSW 2000	Bill Moss
13.	Moss Capital Pty Ltd	nil	400,000	N/A	200,000	Level 26, 135 King St Sydney 2000	CEO
14.	[Moss Capital Pty Ltd or its nominee (if agreed to by the Company)]	nil	[up to 200,000 if Option exercised]	N/A	[To be calculated following exercise]	[Level 26, 135 King St Sydney 2000 or nominee's address]	[CEO or nominee]