VOLT GROUP LIMITED — Capital/Financing Update 2011

May 11, 2011

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12[th] May 2011

The Company Announcements Platform ASX Ltd Sydney NSW 2000

Enerji provides timeline for installation of its first Opcon Powerbox

• CEO visits Opcon’s manufacturing facility in Sweden

• Construction of first two Opcon Powerboxes to be completed in June 2011

• Horizon Power specifies installation window of September to November 2011 for Carnarvon Power Station

• Construction on a further two Opcon Powerboxes underway

Emerging green energy utility, Enerji Limited ( ASX: ERJ , ‘ Enerji’ or the “ Company ”) is pleased to provide the timeline for installation of its first Opcon Powerbox - which converts recovered heat energy to electricity - at Horizon Power’s Carnarvon power station in Western Australia.

Enerji Chief Executive Officer, Mr Greg Pennefather, visited Opcon’s manufacturing plant in Sweden earlier this month to view progress on the construction of the six Opcon Powerboxes which Enerji has on order. Photographs of the first two Opcon Powerboxes, taken in early May, are shown below.

Mr Pennefather said construction of two third generation Opcon Powerboxes was close to completion and work on a further two units was underway. Some of the parts for the 5[th] unit have arrived with assembly due to commence in the coming months.

“I was delighted to personally see the tremendous progress Opcon has made in the design and construction of our first Powerboxes. I have been informed that our first two units will be finalised in June. The first unit will then undergo testing in July prior to being shipped to Australia in August,” said Mr Pennefather.

“Transportation to Australia is estimated to take 6 to 8 weeks, with installation and commissioning at Carnarvon scheduled to occur between September and November – a timeframe specified by Horizon to ensure our works will not interfere with Carnarvon’s operations or power output. The installation itself is scheduled to take between six and nine weeks.”

“Our construction partner, Laing O'Rourke, has recently completed a project scoping study and is now conducting detailed equipment specifications work. Once they’ve completed this we’ll be in a position to order the other equipment required for Carnarvon. It’s a very exciting time for Enerji and its shareholders.”

Mr Pennefather noted Opcon’s reaffirmation of its ongoing commitment to Enerji and its focus on the development of the Australian market for Opcon Powerboxes.

“With our primary target market remaining remote mine sites and towns that generate their own power, Opcon appreciates the potentially huge marketing opportunity that exists in Australia. Additionally, I am pleased that Opcon has recently appointed a dedicated representative to provide further support for the Opcon Powerboxes here in Australia,” said Mr Pennefather.

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10 Ord Street, West Perth WA 6005. PO Box 1933, West Perth WA 6872 Telephone: +618 9268 3800 Facsimile: +618 9226 2018

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Figure
1
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Construction
continues
on
the
Opcon
Powerboxes

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Figure
2
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Construction
of
Opcon
Powerboxes
in
Sweden

For more information visit www.enerji.com.au or contact:

Greg Pennefather Enerji Limited +61 8 9268 3800

Media enquiries Melanie Gray Stokes FD +61 8 9386 1233

About Enerji

Enerji (ASX: ERJ) is an emerging green power utility specialising in the provision of 3[rd] Generation Opcon Powerbox waste heat conversion technology.

Enerji has the exclusive Australian sales and distribution rights to the proven Powerbox technology, which converts waste heat into green electricity, as well as options for Malaysia, Thailand, Singapore and Sub-Saharan Africa.

The Powerbox represents a significant commercial opportunity in Australia through application to industrial, mining and power generation operations.

Enerji plans to maximise this opportunity and generate shareholder returns through revenue from long term energy off-take agreements.