TALIUS GROUP LIMITED — Capital/Financing Update 2013

Dec 17, 2013

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ASX Announcement

18 December 2013

Update with regard to Convertible note conversion.

Advance Energy Limited (ASX code: AVD) (“Advanced Energy” or “AVD”) is pleased to announce that it has reached agreement with 91% of the current AVD Convertible Note Holders, with respect to converting the Notes to equity.

Following negotiation, it was agreed that the conversion of notes will be fixed at $0.0008 per share, the price of the conversion being in line with that approved by shareholders at the Company’s Annual General Meeting on 31 May 2013.

The above is subject to;

• clarification of legal issues concerning the takeover code provisions;

• that the conversion is in accord with the applicable Convertible Note Trust Deed;

• Advance Energy’s action with respect to the interests of the minority notes holders; and

• Shareholders’ approval;

A Notice of Meeting concerning the subject will be forwarded to shareholders at the earliest opportunity.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) Or Mr David Ballantyne or Roland Berzins (Company Secretary) Telephone: 08 9429 2900 Facsimile: 08 9486 1011 ASX CODE: AVD www.advanceenergyltd.com.au

18 December 2013

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