ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2009

May 6, 2009

Australian Stock Exchange Company announcements platform 7 May, 2009

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Dulhunty Power Ltd ABN 38 002 679 469

Market Announcement Geelong Investment and Innovation Fund

Dulhunty Power Limited (DUL) is pleased to announce that it is a successful applicant for a Grant under the Geelong Investment and Innovation Fund (GIIF) and has been awarded $750,000 to be used in establishment of a plant in Geelong to manufacture Dulhunty GFRC power poles under license. The announcement of grant recipients was made today by Senator the Hon Kim Carr, Minister for Innovation, Industry, Science and Research jointly with The Hon Jacinta Allan MP, Victorian Minister for Regional and Rural Development and Ms Sinead McAlary, Public Affairs Manager, Ford Motor Company of Australia Limited.

In 2007 DUL acquired from the USA Licensor the exclusive license to manufacture and distribute innovative patented composite glass fibre reinforced concrete (GFRC) power poles. These poles, which offer many advantages, compete with conventional wood and steel reinforced concrete poles. Technology advantages include competitive whole of life cost, extended life, light weight, very high fire resistance, low carbon footprint and non conductivity.

Dulhunty Power Limited intends to incorporate a new Australian company to develop the GFRC pole plant in Geelong, with future plants planned for NSW and Western Australia to service Australian power distribution utilities.

DUL was the only ASX listed company amongst the 11 successful applicants which received grants totaling $7.46m and was one of 2 companies intending to construct Greenfield manufacturing facilities in the Geelong region. Subject to building availability, DUL expects to commence operations in January, 2010.

For further information please contact:

Mr. Tony Wingrove Managing director Dulhunty Power Ltd (613) 9853 1943 0411 120 696

Mr. Greg Knoke website: Company Secretary www.dulhuntypower.com Dulhunty Power Ltd (612) 9870 7280

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, together with sales and distribution facilities in Hong Kong and USA. 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. Group employment totals 150.

Dulhunty Power Ltd currently provides its services through 2 divisions:

Dulhunty Engineering: designs, manufactures and distributes 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