VOLT GROUP LIMITED — Capital/Financing Update 2017

Jun 7, 2017

GROUP LIMITED

ASX CODE: VPR

A S X A N N O U N C E M E N T

BOARD

8 June 2017

Highlights

• $5.6 million capital raising funds received

ISSUED CAPITAL

• New shares pursuant to the $5.6 million capital raising issued

• Request for reinstatement of the Company’s shares to trading on the ASX submitted

PRINCIPAL OFFICE

REGISTERED OFFICE

CONTACT

• $3.0 million net Cash at Bank – post DOCA repayment to ECM

Waste heat to power specialist, Volt Power Group Limited [formerly Enerji Ltd] (Volt or Company), is pleased to announce that it has successfully completed a $5.60 million capital raising. The capital raising is the final milestone in the restructure and recapitalisation of the Company which exited administration on 19 May 2017.

The funds raised will be applied to repay $2.67 million paid by ECM Pty Ltd (ECM) to the Company in relation to the negotiation, effectuation and completion of the Deed of Company Arrangement between the Company, ECM and Richard Tucker and Rahul Goyal (DOCA).

The remaining funds of approximately $3.0 million will provide the Company with funding to pursue its strategic objectives including:

• completion of a comprehensive engineering review of the Company’s ATEN Technology – a zero emission ‘waste heat to energy’ solution;

(under construction)

• pursuit of commercial ‘roll-out’ opportunities for the ATEN technology;

• expansion of the Company’s renewable and low emission power generation footprint via new project development and/or asset acquisition; and

• grow the Company’s power generation technology development, business development, project delivery and associated maintenance capabilities.

Volt’s CEO & Managing Director, Adam Boyd said:

“Successful completion of the $5.6 million capital raising is an important milestone in the return of value to our shareholders and pursuit of the Company’s strategic objectives.

“I am delighted to have ECM as a cornerstone investor in the business. Access to ECM’s extensive project execution capabilities will be a significant asset for Volt going forward.

A S X A N N O U N C E M E N T (CONTINUED)

==> picture [115 x 51] intentionally omitted <==

“We are now working with the ASX to achieve the reinstatement of the Company’s shares to trading. I expect this occur next week,” he said.

End

About Volt

Volt Power Group Limited (ASX: PWR) is a power generation technology and infrastructure asset developer and owner.

The company is primarily focused on:

• the enhancement and commercialisation of its ATEN Technology - a low emission waste heat to electricity generation solution; and

• the expansion of its broader renewable energy and low emission power generation asset footprint and related capability.

ATEN Technology comprises a modular, power supply equipment package capable of harvesting ‘low’ grade industrial waste heat to generate zero emission electricity. ATEN generated electricity is expected to significantly reduce ‘energy intensive’ industry operating costs via the displacement of grid sourced electricity or fossil fuel usage associated with electricity generation.

The global industrial complex generally vents ‘low’ grade waste heat to atmosphere. The quantity of unexploited waste heat by global industry presents an outstanding opportunity for the commercial rollout of the ATEN Technology.

The ATEN’s simple, high efficiency design and modular configuration - developed to maximise its integration capability - provides a low capex, uniquely compatible and scalable solution for the exploitation of ‘low grade’ industrial waste heat.

Volt’s largest shareholder is ECM Pty Ltd (ECM). ECM is one of Australia’s largest, privately owned construction and maintenance companies servicing clients in the mining, oil and gas, infrastructure and power generation sectors. The business has a national footprint with extensive project execution and delivery capability having completed the construction and commissioning of power stations and electrical infrastructure across mainland Australia for 30+ years.

The Company’s office is co-located at the ECM headquarters and fabrication facility - 20kms south of the Perth CBD in Henderson, Western Australia.