SKS TECHNOLOGIES GROUP LIMITED — Capital/Financing Update 2018

Aug 2, 2018

3 August 2018

The Company Announcements Office Australian Securities Exchange via electronic lodgement

Enevis Limited ABN 24 004 554 929 (ASX: ENE) Private Placement of 10.25 million shares

Cleansing Notice under section 708A of the Corporations Act 2001 (Cth)

On 7 June 2018 (and updated on 25 June 2018), Enevis Limited ABN 24 004 554 929 (then known as Stokes Limited) ( Company ) announced that it sort to place from various sophisticated and institutional investors up to 16.4 million fully paid ordinary shares, and commitments by certain of the Company's Directors to subscribe for up to a total of 3.6 million shares in the Company, all at an issue price of $0.20 per share (each subscription a Placement Share ) to raise in aggregate up to $4 million, subject to the Company obtaining prior shareholder approval to each Placement. Shareholder approval to the Placements was obtained on 25 July 2018.

The Company has issued Placement Shares totalling 10.25 million shares on 3 August 2018 and will look to issue remaining Placement Shares no later than 10 August 2018.

The Company gives this notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ). The Placement Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

As at the date of this notice, the Company has complied with:

• the provision of Chapter 2M of the Corporations Act as they apply to the Company; and

• section 674 of the Corporations Act.

As at the date of this notice, there is no excluded information for the purposes of section 708A(7) and section 708A(8) of the Corporations Act.

Yours faithfully

Peter Jinks Enevis Limited Chairman & Managing Director