VOLT GROUP LIMITED — Capital/Financing Update 2012

Jan 12, 2012

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13[th] January 2012

The Company Announcements Platform ASX Ltd Sydney NSW 2000

PROGRESS REPORT ON WORKS PROGRAM

Enerji Limited (“Enerji” or “the Company” ) ( ASX: ERJ ) is pleased to provide a detailed progress report pursuant to the conditions of the waiver by the Australian Securities Exchange (“ASX”) in relation to ASX Listing Rule 7.3.2.

As required by condition 1.6 of the waiver, Enerji Ltd provides the following information in the attached Schedule 1:

A detailed report on the progress in relation to our Works Program and assets expenditure, and the extent to which the company has applied funds pursuant to the issue of Bonds towards the Works Program obtained

About Enerji

Enerji Limited is an emerging Perth-based green power utility focussed on commercialising the Opcon Powerbox in Australia.

The Opcon Powerbox cogeneration technology transforms waste heat into electricity and therefore creates significant energy cost and CO2 emissions savings for its customers.

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, manufactured in Sweden by Opcon, represents a significant commercial opportunity through application to industrial, mining and power generation operations.

Enerji plans to maximise this opportunity and generate shareholder returns through long-term power purchase agreements.

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Ground Floor, 10 Ord Street, West Perth, WA, 6005 Telephone: +618 9268 3800 Facsimile: +618 9226 2018

The table below provides information on the schedule for the Company’s Works Program

Opcon Powerbox	Works Commencement	Works Completion
1	March 2011	February 2012
2	February 2012	May 2012
3	February 2012	May 2012
4	March 2012	July 2012
5	April 2012	August 2012
6	April 2012	August 2012
7	May2012	October 2012
8	May2012	October 2012
9	June 2012	November 2012

The table below provides a forecast of expenditure on Opcon Powerboxes and installation for the 15 months following the EGM. Subject to ongoing review by the Company, it is anticipated that funds obtained under the Bond Subscription Agreement shall be applied in the manner described in the table below. The table illustrates the intended drawdown of Bonds over the 15 months to continue payments for Opcon Powerboxes and replenish working capital used for previous Opcon Powerbox payments. Opcon Powerbox expenditure and installation (OPE) Working Capital replenishment (WCR)

		Feb-11	Mar-11	Apr-11	May-11	Jun-11	Jul-11	Aug-11
PLAN	OPE WCR (1,740,234)	- -	- -	- -	- -	- -	- -	- -
COMPLETED	Drawdown Finance Costs	1,000,000 170,000	250,000 12,500	- -	- -	- -	- -	- -
	OPE WCR (1,740,234)	793,669 36,331	45,000 192,500	- -	- -	453,158 -	234,080 -	237,210 -
		Sep-11	Oct-11	Nov-11	Dec-11	Jan-12	Feb-12	Mar-12
PLAN	OPE WCR (1,740,234)	- -	- -	- -	- -	1,103,080 261,365	514,363 500,000	735,535 89,015
COMPLETED	Drawdown Finance Costs	- -	- -	- -	- -
	OPE WCR (1,740,234)	36,959 -	236,835 -	225,354 -	234,603 -
		Apr-12	May-12	Jun-12	Jul-12	Aug-12	Sep-12	TOTALS
PLAN	OPE WCR (1,740,234)	1,050,899 330,512	1,270,590 330,512	856,769 0	467,385 0	389,385 0	856,769 0	7,244,775 1,511,403
COMPLETED	Drawdown Finance Costs							1,250,000 182,500
	OPE WCR (1,740,234)							2,496,867 228,831

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