ENERGY ACTION LIMITED — Major Shareholding Notification 2013

May 13, 2013

Australia

2 Park Street
Sydney NSW 2000
GPO Box 557

Sydney NSW 2001

T 61 2 8225 1000
F 61 2 8225 5275

citi

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To:	ASX Company Announcements Platform &	Fax:	1300 135 638
	Mr Nathan Francis - Company Secretary Energy Action Limited [EAX]	Fax:	02 9475 0954
From:	Scott Martin Citigroup Global Markets Australia Pty Limited	Fax:	(02) 8225 5114
Date:	14 May 2013	Pages:	3 (including cover sheet)
Subject:	Submission of Form 605 re: Energy Action Limited [EAX]

If you do not receive all pages, please telephone on 61 2 8225 1472

This fax is confidential and may be privileged. If you are not the intended recipient, please notify the sender immediately by telephone.

Notice of ceasing to be a substantial holder	Form 605 Corporations Act Section 671B
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To: Energy Action Limited ("EAX", Ordinary Fully Paid)

$1.$ Details of substantial shareholder

$14 - 05 - 13$ ; $10:49$

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Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) and each of the related bodies corporate in the Citi group of companies worldwide (for more details please visit www.citigroup.com).

The holder ceased being a substantial holder on 9 May 2013.

The previous notice had been given to the company on 9 May 2013.

2. Changes in relevant interests

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 and Person's votes affected	Nature of Relevant Interest	Class of securities affected
9 May 2013	Citigroup Global Markets Limited	Citigroup Global Markets Limited, in its capacity as Prime Broker, ceased to hold a relevant interest as a result of reduced borrowings under a Securities Lending Agreement	EAX, Ordinary Fully Paid

$3.$ Changes in association

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

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

$14 - 05 - 13$ ; $10:49$ ;

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4. Addresses

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

Name	Address
Citigroup Global Markets Limited	Citigroup Centre, 33 Canada Square London, E14 5LB
Citigroup Global Markets Australia Pty Limited	Level 22, Citigroup Centre, 2 Park Street, Sydney NSW 2000

Dated this day 14 May 2013.

, . . . . . . . . . . . . . . . . . . . $64$

Scott Martin Citigroup Global Markets Australia Pty Limited