TALIUS GROUP LIMITED — Capital/Financing Update 2013

Aug 7, 2013

ASX Announcement

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7 August 2013

Advanced Energy Ltd (“ AVD ”) is pleased to announce that it is negotiating a capital raising and corporate advisory mandate ( Mandate ) with RM Corporate Finance Pty Ltd ( RMCF ) (AFSL 315235). The proposed terms of the Mandate include the following:

• RMCF has agreed to act as Lead Manager for a best endeavours placement of an unsecured Convertible Note for up to $3.0 million in the capital of AVD pursuant to s708 of the Corporations Act 2001 (Cth), with an interest rate of 10% for funds advanced remaining unconverted.

• A first tranche of $50,000 followed by a minimum of $50,000 per month (with the balance of any further outstanding funds under the Convertible Note able to be contributed in any one month) to be advanced, subject to certain subscription hurdles, by 5pm on the first business day of each month.

• Funds may be converted at any time.

• The note holder is not obliged to provide the Subscription sum (and the Company is not obliged to issue the Convertible notes) in respect of a Tranche if less than 7.5 Million shares have been traded in the prior calendar month at a 5 day Volume Weighted Average Price (VWAP) of 0.1 cent or greater per AVD share

• The Convertible Note will convert into Shares at the lower of 0.5 cents or 80% five day VWAP together with one for two free attaching options, exercisable at 1.0 cents and maturing 30 November 2018 (“Options”).

• The New Mandate will last from the date of execution of the New Mandate and last until the drawdown of 60 tranches of $50,000.

• RMCF will also provide corporate advisory and

• investor relations services to AVD as needed

• A sign on fee of 400 million Shares;

• A monthly retainer of $20,000 in Shares shall be paid.

• In addition, a lodgement fee of 1% on funds drawn shall be paid as well as a capital raising fee of 5% on funds drawn. Reasonable expenses shall also be paid.

• This Mandate is subject to shareholder approval, with a General Meeting of Shareholders likely to be held in September 2013. Further details on Subscription Hurdles, price of Convertible Note conversion and the proposed Option exercise price will be provided in the Notice of Meeting.

• The Convertible notes will not be listed

• AVD currently has 1,277,272,886 shares on issue

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

7 August 2013

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