ENERGY ACTION LIMITED — Major Shareholding Notification 2013

May 8, 2013

			citi
	facsimile
To:	ASX Company Announcements Platform	Fax:	1300 135 638
	&
	Mr Nathan Francis - Company Secretary	Fax:	02 9475 0954
	Energy Action Limited [EAX]
From:	Scott Martin	Fax:	(02) 8225 5114
	Citigroup Global Markets Australia Pty Limited

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.

CITIGROUP GLOBAL MARKETS AUSTRALIA PTY LIMITED
ABN 64 003 114 832 AFSL 240992 Aparticipant of ASX Group
Level 22, Citigroup Centre, 2 Park Street, Sydney NSW 2000

TELEPHONE: 61 2 8225 1472 FACSIMILE: 61 2 8225 5114

$\varphi$ .

Notice of initial substantial shareholder

Form 603 Corporations Act Section 671B

$\cdot$

To: Energy Action Limited ("EAX", Ordinary Fully Paid)

$\mathbf{1}$ . Details of substantial shareholder

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

The holder became a substantial holder on 6 May 2013.

$2.$ 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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person's vote	Voting Power
EAX, Ordinary Fully Paid	1,296,730	1,296,730	5.12%

3. Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Citigroup Global Markets Limited	Citigroup Global Markets Limited holds a relevant interest in these shares acting as Prime Broker and as the holder of securities subject to an obligation to return under a securities lending agreement.	1,296,730 Ordinary Fully Paid

$\boldsymbol{4}$ . Details of present registered holders

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

Holder of relevant interest	Registered holder of securities	Class and number of securities
Citigroup Global Markets Limited	Citicorp Nominees Pty Ltd	1,296,730 Ordinary Fully Paid

$5.$ Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

$\boldsymbol{\cdot}$

$#$ $3/$ $\overline{4}$

Holder of relevant	Date of	Consideration	Class and number
interest	acquisition		of securities
Citigroup Global Markets Limited	Various	Various	1,296,730 Ordinary Fully Paid

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Citigroup Global Markets Australia Pty	Each of the related bodies corporate in the
Limited, ACN 003 114 832	Citigroup group of companies worldwide (for more
	details please visit www.citigroup.com ).

7. Addresses

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

Name	Address
Citigroup Global Markets Australia Pty	Level 22, Citigroup Centre
Limited	2 Park St
	Sydney NSW 2000

Dated this day, 9 May 2013.

Scott Martin Markets Compliance Citigroup Global Markets Australia Pty Limited

. . . . . . . . . . . . . . . . . . .

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$\mathcal{V}$

Appendix: Prescribed Information

Schedule	다. 그는 그만 이 사람들은 그만 그만 그만 있는 것이 없는 것이 없는 것이 있다. 그는 그만 그만 그만 그만 그만 그만 그만 그만 그만 그만 그만 그만 그만
Type of Agreement	AMSLA
Parties to Agreement	Various
Transfer date	Various
Holder of voting rights	Borrower under separate securities lending transaction
Are there any restrictions on voting rights?	No
Scheduled return date	Unknown
Does the borrower have the right to return early?	Yes
If yes, details	Standard AMSLA terms
Does the lender have the right to recall early?	Yes
If yes, details	Standard AMSLA terms
Will the securities be returned on settlement?	n/a