ENERGY ACTION LIMITED — Major Shareholding Notification 2013

May 6, 2013

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To : Energy Action Limited ACN: 137 363 636 ASX Code: EAX

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: 100 103 722

This notice is given by IOOF Holdings Limited on behalf of itself and its subsidiaries.

There was a change in the interest of the substantial holder on: 03/05/2013 The previous notice was given to the company on: 23/04/2013 The previous notice was dated: 19/04/2013

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 had a relevant interest 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	Previous notice		Present notice
	Person's votes	Voting Power	Person's votes	Voting Power
Ordinary	1,282,606	5.068%	1,536,941	6.073%

3. 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:

Person	Nature	Consideration	Class & number (ord)	Person's votes
Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 12,387.20	4,000	4,000
Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 777,745.79	250,335	250,335

2

4. Present Relevant Interests

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

Holder	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
Perennial Investment Partners Limited (ACN 087 901620)	State Street		Investment Manager	350,099	350,099
Perennial Investment Partners Limited (ACN 087 901620)	NAB Asset Servicing		InvestmentManager	658,297	658,297
Perennial Investment Partners Limited (ACN 087 901620)	JP Morgan		Investment Manager	84,131	84,131
Perennial Investment Partners Limited (ACN 087 901620)	BNP		InvestmentManager	444,414	444,414

5. 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 & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
IOOF Holdings Limited	Level 6, 161 Collins Street Melbourne Victoria 3000
Energy Action Limited	Level 5, 56 Station Street EnergyAction NSW 2150
Perennial Investment Partners Limited	Level 24, 303 Collins Street Melbourne Victoria 3000