VOLT GROUP LIMITED — Capital/Financing Update 2014

Mar 25, 2014

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ENTITLEMENT OFFER ALLOTMENT OF SHARES

Further to the 21 March 2013 announcement, Enerji Ltd (Company ) is pleased to announce the allotment of 95,513,623 ordinary shares pursuant to it’s non-renounceable rights issue and confirms that the shares have been allotted into the Issuer and CHESS sponsored subregister.

Colin Stonehouse CEO and Managing Director

Geoffrey Reid Company Secretary

The date of allotment is the 26 March 2014 and the number of shares for which quotation is sought is 95,513,623 in accordance with the Appendix 3B attached.

Enerji Limited +61 8 9268 3800 www.enerji.com.au

The issued capital of the Company following the allotment is:

About Enerji

Ordinary Fully Paid Shares (ERJ) 368,029,413 (ERJO) $2.00 Options 6,473,904 expiring 31 December 2016 (ERJOA) $0.30 Options 133,147,686 expiring 30 June 2015

Enerji Limited is a clean power company focused on delivering waste heat to power systems.

The technology transforms waste heat into electricity and therefore creates significant energy cost savings and reduced CO2 emissions

New holding statements will be dispatched to security holders on 26 March 2014 advising them of their holdings.

The Directors are in consultation with the Underwriters to place the Shortfall Shares in accordance with the terms of the Offer.

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Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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Enerji Limited

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62 009 423 189

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Part 1 - All issues

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+ "QO'33.-"3$%@0)0$3033@$/.). R$033@$/ 8 H@2R$.-"3$%@0)0$3033@$/. ). R$ 033@$/ K0- S1.P1L . 2':02@2 1@2R$ P&0%& 2'I R$033@$/ ; =01%0('O )$23 .- )&$ "3$%@0)0$3 K$>F 0- .()0.13F $:$%03$(0%$'1/$:(0I/')$T0- (')OI ('0/ "3$%@0)0$3F )&$ '2.@1) .@)3)'1/01> '1/ /@$ /')$3 -. ('I2$1)T 0- "%.1M$)0RO$ 3$%@0)0$3F )&$ %.1M$30.1 (0%$ '1/ /')$3 -. %.1M$30.1L	Ordinary Shares
	95,513,623 Ordinary Shares
	Ordinary Fully Paid Shares

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	$0.005 per Ordinary Share
	Fully paid ordinary shares to be issued pursuant to a fully underwritten non- renounceable entitlement offer
	No
	n/a
	n/a

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	n/a
	Fully Paid Ordinary Shares to be allotted pursuant to a non-renounceable entitlement offer, pursuant to exceptions1,2and 3
	n/a
	n/a
	55,204,412 – Rule 7.1 (see annexure 1)
	26 March 2014

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	368,029,413 6,473,904 133,147,686	Ordinary Shares Options exercisable at $0.20 on or before 31 December 2016 Options exercisable at $0.03 on or before 30 June 2015

@A2B$! +CD'33! ,! @A2B$! '1/! +%D'33! .-! 'DD! n/a +3$%A0)0$3! 1.)! EA.)$/! .1! 5#F! G !"#$%&!"' )&$! 3$%A0)0$3! 01! 3$%)0.1!?!0-!'((D0%'BD$H! +<! I0J0/$1/!(.D0%K!G01!)&$!%'3$!.-!'! The Directors are not able to say when and )A3)L!/03)0BA)0.1!(.D0%KH!.1!)&$! if dividends will be paid in the future as the 01%$'3$/!%'(0)'D!G01)$$3)3H! payment of dividends will depend on the profitability, financial position and cash requirements of the Company. Fully Paid Ordinary Shares are entitled to participate in any dividend declared by the company.

Part 2 - Bonus issue or pro rata issue

Part 2 - Pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non-renounceable? 13 Ratio in which the +securities will be offered	No
	Non-renounceable
	1 for 1

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14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue	Fully Paid Ordinary shares
	26 February 2014
	No
	Fractional entitlements will be rounded up to the nearest whole number of shares
	Austria, Belgium, Canada, Germany, Hong Kong, Indonesia, Ireland, Israel, Japan, Malaysia, Malta, Papua New Guinea, Singapore, Switzerland, United Kingdom, Vanuata
	18 March 2014
	Peter Avery, Stevsand Holdings Pty Ltd, Frollo Enterprises Limited
	5%
	na
	na

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24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements_in full_ through a broker? 31 How do security holders sell_part_of their entitlements through a broker and accept for the balance? 32 How do security holders dispose of their entitlements (except by sale through a broker)? 33 +Issue date	na
	No
	3 March 2014
	13 February 2014
	na
	na
	na
	na
	na
	26 March 2014

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Part 3 - Quotation of securities

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Entities that have ticked box 34(a)

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Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for[+] eligible entities

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Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

==> picture [414 x 380] intentionally omitted <==

----- Start of picture text -----

Insert number of fully paid ordinary 163,128,717
securities on issue 12 months before date
of issue or agreement to issue
Add the following: 204,900,696
• Number of fully paid ordinary securities
issued in that 12 month period under an
exception in rule 7.2
• Number of fully paid ordinary securities
issued in that 12 month period with
shareholder approval
• Number of partly paid ordinary
securities that became fully paid in that
12 month period
Note:
• Include only ordinary securities here –
other classes of equity securities cannot
be added
• Include here (if applicable) the securities
the subject of the Appendix 3B to which
this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
Subtract the number of fully paid ordinary 0
securities cancelled during that 12 month
period
“A” 368,029,413
----- End of picture text -----

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Step 2: Calculate 15% of “A”

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Step 2: Calculate 15% of “A”
“B”	0.15 [Note: this value cannot be changed]
Multiply“A” by 0.15	55,204,412
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
Insertnumber of equity securities issued or agreed to be issued in that 12 month period not counting_those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 _Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	nil
“C”	0
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
“A” x 0.15 Note: number must be same as shown in Step 2	55,204,412
Subtract“C” Note: number must be same as shown in Step 3	0
Total[“A” x 0.15] – “C”	55,204,412 [Note: this is the remaining placement capacity under rule 7.1]

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Part 2

Annexure 1, Part 2 not applicable as a special resolution to apply Rule 7.1A has not been put to shareholders

been put to shareholders	been put to shareholders
TOP 20 HOLDERS OF ORDINARY SHARES AS AT 26 MARCH 2014
	Number of Shares	% of Issued
LILAC ROAD PTY LTD	51,804,000	14.08%
HAWERA PTY LTD	27,078,030	7.36%
PETER JAMES AVERY	12,700,000	3.45%
J & TW DEKKER PTY LTD	10,000,550	2.72%
STEVSAND HOLDINGS PTY LTD	9,936,386	2.70%
COLIN RICHARD STONEHOUSE	8,000,000	2.17%
CAPE BOUVARD EQUITIES PTY LTD	6,666,667	1.81%
BUELOW NOMINEES PTY LTD	6,500,000	1.77%
ANDREW PETER FISHER	6,000,000	1.63%
STONEHOUSE ENGINEERING PTY LTD	6,000,000	1.63%
PRIMERO GROUP	5,524,146	1.50%
EC DAWSON SUPER PTY LTD	5,200,000	1.41%
ABN AMRO CLEARING SYDNEY NOMINEES PTY LTD	4,513,251	1.23%
BOXPOWER AB	4,450,000	1.21%
EMINA DAVIS	4,000,000	1.09%
INDIO HOLDINGS PTY LTD	3,920,000	1.07%
BELL POTTER NOMINEES LTD	3,699,800	1.01%
INDIO HOLDINGS PTY LTD	3,207,334	0.87%
ANDREW PETER FISHER	3,150,550	0.86%
RAY SLEIMAN	3,037,600	0.83%
Total	185,388,314	50.37%

DISTRIBUTION SCHEDULE OF ORDINARY SHARES AS AT 26 MARCH 2014	DISTRIBUTION SCHEDULE OF ORDINARY SHARES AS AT 26 MARCH 2014	DISTRIBUTION SCHEDULE OF ORDINARY SHARES AS AT 26 MARCH 2014	DISTRIBUTION SCHEDULE OF ORDINARY SHARES AS AT 26 MARCH 2014
Shares	Number of Holders	Number of Shares	% of Issued
1-1,000	451	126,450	0.03%
1,001 - 5,000	337	959,138	0.26%
5,001 - 10,000	239	1,979,561	0.54%
10,001 - 100,000	668	28,953,239	7.87%
100,001 and over	333	336,011,025	91.30%
Total	2,028	368,029,413	100.00%

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