ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2008

Aug 13, 2008

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DULHUNTY POWER LIMTED ACN 002 6794 69 35 Waterloo Road North Ryde NSW 2113 Tel: +61 39853 9997 www.dulhuntypower.com

AUSTRALIAN SECURITIES EXCHANGE COMPANY ANNOUNCEMENTS PLATFORM

To: Companies Announcement Officer, ASX Date: 14th[th] August 2008 Number of Pages: 1

DULHUNTY TO RAISE $650,000 VIA A SHARE PLACEMENT

Dulhunty Power Limited (“DUL” or “the Company”) is pleased to announce that the Company has resolved to undertake a capital raising via a share placement (“the Placement”) to sophisticated investors and pursuant to ASX Listing rule 7.1 (15% rule) through the issue of up to 16,250,000 Shares at an issue price of $0.04 to raise up to $650,000.

The funds raised from the Placement will contribute to the company’s short to medium term objectives, including initiating process design work relating to the production of the Titan Composite Power poles pursuant to its recently announced licensing agreement with CMT Worldwide LLC a US based technology development company with long experience in the production of Composite Poles and other products.

The Company is in the process of structuring a larger capital raising program to fund further potential initiatives the Company is currently working on. DUL will keep the market updated as it progresses these opportunities. DUL expects to have this Stage 1 Placement completed by the 20[th] of August 2008.

For further information please contact:

Mr Tony Wingrove Chief Executive Officer Dulhunty Power Limited + 613 9862 4281

Mr Greg Knoke Company Secretary Dulhunty Power Limited +612 9870 7280