ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2008

Sep 15, 2008

Australian Stock Exchange Company announcements platform 16[th] September, 2008

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Dulhunty Power Ltd ABN 38 002 679 469

Market Announcement

Dulhunty Power acquires USA Distributor

Dulhunty Engineering Ltd., the operating subsidiary of Dulhunty Power Ltd (DUL) has acquired the business of Pan American Insulators Inc. (PAI), a distributor of insulators for electrical transmission and distribution.

PAI operates a warehouse in Kiln, Mississippi and has distributed products from DUL and other suppliers since 1995.

The Chief Executive of Dulhunty Engineering, Mr. Jack Roughan, said that the acquisition of PAI would considerably strengthen the presence of Dulhunty in the USA and that he expected that improved market presence would help focus the company’s efforts to build business throughout the country.

Mr. Roughan said that initial sales had been very strong due to the system damage caused by recent hurricanes and that the company was expediting deliveries of stock to PAI in order to support and build credibility with the established utility customer base during the hurricane season.

Dulhunty will maintain relationships with distributors in other parts of the USA and work to broaden the product range offered by PAI.

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For further information please contact:

Mr. Tony Wingrove Managing director Dulhunty Power Ltd (613) 9862 4281

Mr. Greg Knoke Company Secretary Dulhunty Power Ltd (612) 9870 7280

website: www.dulhuntypower.com

About Dulhunty Power Ltd.

Dulhunty Power Ltd is a global supplier of construction components to the electricity transmission and distribution sector with design facilities in Australia, China and Thailand supported by manufacturing plants in those countries and Malaysia. New Zealand is serviced by a warehouse in Wellington and the international sales office in Auckland.

The company is focused on growth by acquisition and development of companies and technologies that service the electricity supply industry. Revenue for F2008 exceeded $18m and new products for electricity distribution are planned for calendar 2009. Group employment totals 150.

Dulhunty Power Ltd provides its services through 2 divisions:

Dulhunty Engineering: designs and manufactures transmission and distribution products for the electricity industry to customers in Europe, Asia, Africa, North America and Australasia.

Cogenic: designs and manufactures low emission, high efficiency generators