ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2008

Sep 1, 2008

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000001 000 1301011221012102012221332120133322113 DUL MR JOHN SAMPLE FLAT 123 SAMPLE STREET SAMPLE STREET SAMPLE STREET SAMPLETOWN VIC 3030

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Please return completed form to: Computershare Investor Services Pty Limited GPO Box 253 Sydney NSW 2001 Australia Enquiries 1300 855 080 61 3 9415 4000 web.queries@computershare.com.au www.computershare.com

Securityholder Reference Number (SRN)

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I 1234567890 I N D

Record Date: 03 September 2008 Offer Closes: 5.00pm (Sydney time) 26 September 2008

SHARE PURCHASE PLAN APPLICATION FORM

IMPORTANT:

This is an important document which requires your immediate attention. If you are in any doubt as to how to deal with this form please consult a professional adviser.

Pursuant to the terms and conditions of the Dulhunty Power Limited Share Purchase Plan (SPP) dated 2 September 2008, enclosed with this application form, Dulhunty Power Limited is offering eligible shareholders the opportunity to purchase Shares at an issue price of $0.04 to the value of A$1,000.00, A$2,500.00 or A$5,000.00 per eligible shareholder. The minimum application must be A$1,000.00 and the maximum application must be A$5,000.00.

Words and phrases used in this Application form have the same meaning as in the SPP Terms and Conditions.

If you do not wish to purchase additional shares under this offer there is no need to take action and you may not transfer your entitlement under the SPP.

By making your payment, you agree to be bound by the Terms and Conditions of the SPP and agree that the submission of this payment constitutes an irrevocable offer to you by Dulhunty Power Limited to subscribe for shares in the SPP. In addition, by submitting this Application Form you certify that the aggregate of the application price paid by you for:

• the shares the subject of this Application Form; and

● any other shares and interests in the class applied for by you under the Share Purchase Plan or any similar arrangement in the 12 months prior to the date of submission of this Application Slip, does not exceed $5,000.00.

METHOD OF ACCEPTANCE

You can apply for shares and make your payment either by Cheque or money order. Dulhunty Power Limited reserves the right, to amend or vary the terms and conditions or to suspend or terminate the SPP at any time. Any such amendment, variation, suspension or termination will be binding on all eligible securityholders even where Dulhunty Power Limited does not notify you of that event.

DUL may make determinations in any manner it thinks fit, in relation to any difficulties, anomalies or disputes which may arise in connection with or by reason of the operation of the SPP whether generally or in relation to any participant or application. Any determinations by DUL will be conclusive and binding on all Eligible Members and other persons to whom the determination relates. DUL reserves the right to waive strict compliance with any provision of the Terms and Conditions of the SPP, to amend or vary those Terms and Conditions and to suspend or terminate the SPP, or any Offer made under the SPP at any time. Any such amendment, variation, suspension or termination will be binding on all Eligible Members even where DUL does not notify you of that event.

No Signature is required

Applications can only be accepted in the name printed on this form

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----- Start of picture text ----- Paperclipcheque(s)here. Donot staple I/We wish to----- End of picture text -----

Please see overleaf for payment instructions.

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----- Start of picture text ----- I/We wish to purchase shares:25,000 shares 62,500 shares 125,000 sharesforA$1,000.00 or for A$2,500.00 or for A$5,000.00* The SPP may be subject to scale-back in accordance with the terms of the SPP.Payment DetailsDrawer Cheque number BSB number Account number Cheque amountA$Make your cheque , bank draft or money order payable to ‘Dulhunty Power Limited – Share Offer Account’Contact DetailsPlease provide your contact details in case we need to speak to you about this slipName of contact person Contact person’s daytime telephone number( )----- End of picture text -----

How to accept the Share Purchase Plan

Payment Details

You can apply for shares by utilising the payment options detailed below.

By making your payment using either by cheque, bank draft or money order, you confirm that you:

• agree to the terms and conditions of the SPP as enclosed with this form;

Your cheque, bank draft or money order payable to ‘Dulhunty Power Limited - Share Offer Account’ in Australian currency and cross it Not Negotiable. Your cheque or bank draft must be drawn on an Australian branch of a financial institution. Please ensure you submit the correct amount. Complete cheque details the boxes provided.

If paying by cheque, return the Application Form and Cheque, Bank Draft or money order in the envelope provided.

Cheques will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques returned unpaid may not be re-presented and may result in your Application being rejected. Paperclip (do not staple) your cheque(s) to the Share Purchase Plan Application Form where indicated. Cash will not be accepted. A receipt for payment will not be forwarded.

Contact Details

Enter the name of a contact person and telephone number. These details will only be used in the event that the registry has a query regarding this form.

Lodgement of Application

If you are paying by cheque, bank draft or money order, your Application Slip must be received by Computershare Investor Services Pty Limited (CIS) by no later than 5.00pm (Sydney time) 26 September 2008. You should allow sufficient time for this to occur. A reply paid envelope is enclosed. Return your Application Slip with cheque, bank draft or money order attached.

Neither CIS nor Dulhunty Power Limited accepts any responsibility if you lodge the Application Form at any other address or by any other means.

Privacy Statement

Personal information is collected on this form by CIS, as registrar for securities issuers ("the issuer"), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. Your personal information may be disclosed to our related bodies corporate, to external service companies such as print or mail service providers, or as otherwise required or permitted by law. If you would like details of your personal information held by CIS, or you would like to correct information that is inaccurate, incorrect or out of date, please contact CIS. In accordance with the Corporations Act 2001, you may be sent material (including marketing material) approved by the issuer in addition to general corporate communications. You may elect not to receive marketing material by contacting CIS. You can contact CIS using the details provided on the front of this form or E-mail privacy@computershare.com.au

If you have any enquiries concerning this form or your entitlement, please contact CIS on 1300 855 080 .

This form may not be used to notify your change of address. For information, please contact CIS o n 1300 855 080 or visit www.computershare.com (issuer sponsored holders only).

CHESS holders must contact their Controlling Participant to notify a change of address

By Mail Dulhunty Power Limited Computershare Investor Services Pty Limited GPO BOX 253, Sydney, NSW Australia 2001

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