VOLT GROUP LIMITED — Capital/Financing Update 2015

Oct 21, 2015

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Enerji and SNC-Lavalin sign MOU for ATEN collaboration

Enerji Limited (ASX:ERJ)(‘Enerji’ or the ‘Company’) is pleased to advise it has entered into a commercial Memorandum of Understanding (MOU) with SNC-Lavalin Australia Pty Ltd, an Australian subsidiary of SNC-Lavalin.

The MOU details how the two parties will work collaboratively to present Enerji’s Accretive Thermal Energy Node (ATEN) Technology and SNC-Lavalin’s skill and experience to the latter’s client base.

This MOU is a significant milestone for Enerji and represents a strong validation of the quality of Enerji’s ATEN technology and its applicability to Australian and global locations.

SNC-Lavalin is listed on the Toronto Stock Exchange (TSX:SNC) and is one of the world’s leading engineering and construction groups, generating $13.04 billion (AUD) in revenue backlog in 2014. SNC-Lavalin is a major player in the ownership of infrastructure, including power generation and distribution infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 50 other countries, and is currently working in approximately 100 countries.

The MOU sets out the following key commercial terms:

• Initial term of 5 years

• SNC- Lavalin will use Enerji’s ATEN technology exclusively in the pursuit of commercially advantageous bids

• SNC-Lavalin and Enerji will jointly focus on an initial 10 projects using Enerji’s ATEN technology.

• The parties will subsequently enter into formal agreements on each individual project on a revenue / cost sharing basis.

• Enerji will continue product development to improve thermal efficiencies of the ATEN technology

Andrew Vlahov, Chief Executive Officer, Enerji Ltd commented: “We are delighted to have reached this agreement with SNC-Lavalin and believe it represents the start of a transformational phase for Enerji. Working in collaboration with a global engineering firm has been a key component of Enerji’s growth plan, and I believe this MOU is potentially the most important development in the company’s history. The agreement will be a catalyst for significant increases in the engagement and deployment of our technology in the market, and we’re looking forward to working closely with SNCL on a number of opportunities in the near-term.”

Andrew Curtis, General Manager, SNC-Lavalin Australia commented: “A key focus for SNC-Lavalin is creating value and long term benefits for our clients. This opportunity with Enerji can provide our clients with significant reduction in their energy costs. We are pleased to enter into this MOU, pursuing common goals and supporting energy innovation to efficiently reduce emissions. It is great to see an Australian company bringing innovation and technology to the energy market, especially in the clean energy space.”

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Further Information:

Andrew Vlahov

John Gardner

Chief Executive Officer Citadel-MAGNUS +61 8 9 430 7522 +61 413 355 997

andrew.vlahov@enerji.com.au

Enerji Limited (ASX: ERJ) – www.enerji.com.au

Enerji Ltd is a thermal energy company that takes 'waste' heat from power generation and industrial processes and turns it into zero emission electricity. This reduces electricity consumption from the grid or the consumption of fuel for power generation. The outcome is a reduction in operating costs and carbon emissions.

Enerji has made considerable investment in its unique Accretive Thermal Energy Node (ATEN) technology, a modular toolkit for collecting and converting thermal energy from a variety of sources. This allows the company to utilise 'low-grade' as well as 'high-grade' waste heat, and combine multiple heat sources with an overall accretive output.

Enerji has developed ATEN systems for use in various applications.

SNC-Lavalin (TSX: SNC) – www.snclavalin.com

Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNCLavalin's employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.