ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2013

Nov 19, 2013

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ENERGY TECHNOLOGIES LIMITED

A.B.N. 38 002 679 469

102 Old Pittwater Road Brookvale NSW 2100 Tel: +61 2 8978 2626 Fax: +61 2 9939 9812 www.energytechnologies.com.au

Australian Stock Exchange Company announcements platform 20 November 2013

ABN 38 002 679 469

Market Update

The Directors of Energy Technologies Ltd (ASX:EGY) are pleased to update the market on recent developments at its wholly-owned subsidiary Bambach Wires and Cables Pty Ltd (BWC).

EGY updated the market on 4 September this year in relation to trading at BWC. EGY is pleased to advise that the sales improvements which were displayed in that update have continued since then. BWC's Sales per Trading Day have continued to improve. This strong sales performance has resulted in a historically large order book. Orders for delivery over the next five months amount to about $A900,000 as at today, and this continues to build from future orders.

Average Daily Sales Intake ($)

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----- Start of picture text ----- $70,000 Dec 2012 - Nov 2013$59,866 $59,648$60,000$52,217 $52,316$50,000 $46,933 $45,183$38,238 $38,319 $38,441$40,000$30,245 $29,451$30,000 $23,980$20,000$10,000$0Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-ToDate----- End of picture text -----

Directors advise that November and December have traditionally been slower trading months for BWC. In light of that, Directors are not able to, at this stage, give a guidance as to the profit result for the half year. Guidance will be given as soon as it is possible to do so.

EGY updated the market on 1 November this year in relation to certain funding proposals, which are for approval at the Annual General Meeting of the company on 5 December. EGY now advises that it has executed the facility documents in respect of the new funding facility, and has received commitments under the facility for seven hundred thousand dollars, out of a possible total of one million dollars. EGY has issued notices to draw down on the first tranche of the facility, in accordance with the documents, and expects to issue the first tranche of convertible notes in the near future. Approval by shareholders will be required before the balance of the facility can be drawn down.

The acting Chairman of EGY, Mr Alf Chown said: "This is a very significant step for the company. The new funding puts the future of EGY and BWC on a strong footing, and permits us to move forward with our plans to expand the operations of BWC. We expect to use this funding to enhance BWC's capacity to deliver Australian-built products to local manufacturing, defence, railway and mining users."

Mr Chown said "Recently BWC held a company-wide strategy session which was extremely successful. We are confident that we have developed a strategy which will support the next stage of BWCs growth. We aim to deliver the right products to our customers, at the right price. We have the right people to do this."

END

For further information please contact:

Mr. Greg Knoke website: Company Secretary www.energytechnologies.com.au Energy Technologies Limited (612) 8978 2626 Greg.knoke@energytechnologies.com.au