VOLT GROUP LIMITED — Capital/Financing Update 2011

Feb 10, 2011

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11[th] February 2011

The Company Announcements Platform ASX Ltd Sydney NSW 2000

ENERJI COMPLETES POWER PURCHASE AGREEMENT WITH HORIZON POWER

Highlights

• Enerji completes its first Power Purchase Agreement (PPA) for installation of an Opcon Powerbox at Horizon Power’s Carnarvon Power Station

• First revenue, generated directly as a result of this Opcon Powerbox installation, expected early 2H 2011

• PPA a major milestone towards mass adoption of the Opcon Powerbox technology and heralds growing industry confidence in its economic and environmental benefits

Enerji Limited (“ Enerji ” or the “ Company ”) ( ASX: ERJ ) has completed a Power Purchase Agreement (“ PPA ”) with Horizon Power for the installation of an Opcon Powerbox at the Carnarvon Power Station in the Gascoyne region of Western Australia.

The PPA, which is the first such agreement to be signed between Enerji and a customer, is a major milestone and follows the earlier Memorandum of Understanding which the two companies signed in October 2010.

The PPA sets out the commercial and legally binding terms and conditions for the installation of the Opcon Powerbox, including the energy off-take framework, service and maintenance procedures.

Following installation, revenue will be generated through electricity created by the Opcon Powerbox and sold back to Horizon Power. The Powerbox has the capacity to increase the power station’s energy output by up to 700kW without burning additional fuel or creating emissions.

Enerji’s Managing Director, Greg Pennefather said the PPA was a significant achievement for the Company and heralds growing industry confidence in the Opcon Powerboxes’ significant economic and environmental benefits.

“I am delighted to sign the first PPA – which is undoubtedly Enerji’s most significant milestone to date,” said Mr Pennefather.

“We are in advanced negotiations with a number of companies regarding further Opcon Powerbox installations and I believe today’s announcement creates a strong platform for our sales pipeline – and I have no doubt that our potential customers will look positively on the signing of our first PPA with such a distinguished company as Horizon Power.

Horizon Power’s General Manager Shared Services Peter Jensen said Horizon Power was looking forward to working with Enerji to deliver this exciting project.

“Horizon Power is looking forward to using this innovative technology at the Carnarvon Power Station to improve the efficiency of power generation, and at the same time, reducing carbon dioxide emissions.”

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Suite A5, 431–435 Roberts Road, Subiaco WA 6008 Telephone: +618 9287 4000 Facsimile: +618 6380 2495

For more information visit www.enerji.com.au or contact: Greg Pennefather Enerji Limited 618 9287 4000

Media enquiries Melanie Gray Stokes FD 08 3986 1233

About Horizon Power

Horizon Power is a commercially focussed, State Government-owned power company that provides quality, reliable power supplies to Western Australia’s booming regional economy.

Horizon Power is responsible for generating, procuring, distributing and retailing electricity to residential, industrial and commercial customers and resource developments in regional WA.

Horizon Power manages one major interconnected system, the North West Interconnected System (NWIS), and a continuously growing number of non-interconnected systems in regional towns and remote communities. Their service area, which is outside of the South West corner of the State, is 2.3 million square kilometres and covers the Kimberley, Pilbara, Gascoyne, Mid West and southern Goldfields (Esperance) regions.

About Enerji

Enerji (ASX: ERJ) is a Perth-based emerging green power utility focussing on commercialising the Opcon Powerbox - which converts waste heat into green electricity - in Australia.

Enerji has exclusive sales and distribution rights for the Opcon Powerbox in Australia and options for Malaysia, Thailand, Singapore and Sub-Saharan Africa.

The Opcon 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.

Designed and manufactured in Sweden by Stockholm Stock Exchange listed Opcon AB, Opcon Powerboxes have been commercialised in Europe by Opcon and are used by numerous companies to lower their fuel costs and lessen their carbon footprints.

About Enerji’s Opcon Powerbox

• Opcon Powerbox transforms waste heat energy into electricity

• Unique as it utilises the whole spectrum of wasted heat energy. Other cogeneration technologies can only transform high-grade wasted heat.

• Produces up to 20% more electricity without burning any more fuel or creating any emissions

• Lowers CO2 emissions by up to 15%

• Can be utilised by numerous industries, including, resources and power generation.

• Developed in Europe by Sweden-based Opcon