ENERGY ACTION LIMITED — Major Shareholding Notification 2012

Nov 12, 2012

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To	Company Name/Scheme	Energy Action Limited
ACN/ARSN		A.C.N. 137 363 636
	1. Details of substantial holder (1)
Name		Valerie Duncan
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on			11 October 2012 and 8 November 2012
The previous notice was given to the company on			14 October 2011
The previous notice was dated			13 October 2011

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	2,413,377	9.628%	1,713,377	6.770%

3. Changes in relevant interests

ÿ.

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consider ation in aiven relation to change (7)	Class and number of securities affected	Person's votes affected
08/11/12	Valerie Duncan	Disposal of shares by Valier Duncan in on- market trade	\$2.50 per share	200,000 ordinary shares	200,000
11/10/12	Valerie Duncan	Disposal of shares by Valerie Duncan in on- market trade	\$2.20 per share	500,000 ordinary shares	500,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
Valerie Duncan	Valerie Duncan	Valerie Duncan	Registered beneficial and holder of the shares	1,713,377 ordinary shares	1,713,377

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as fo

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Address
Valerie Duncan	90 Crudge Road, Marayong, NSW 2148

Signature

print name	Valerie Duncan	Capacity shareholder
sign here	Speine	13/11 /2012 date