VOLT GROUP LIMITED — Capital/Financing Update 2014

Feb 12, 2014

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13 February 2014

Ground Floor, 10 Ord Street WEST PERTH Western Australia 6005 PO BOX 1933 WEST PERTH Western Australia 6872 T: +61 8 9268 3800 F: +61 8 9226 2018 E: info@enerji.com.au W www.enerji.com.au

Dear Shareholder

ENERJI LIMITED ABN 62 009 423 189

On 11 February 2014 Enerji Ltd ( Company ) lodged a prospectus ( Prospectus ) with the Australian Securities and Investments Commission ( ASIC ) in relation to a pro rata nonrenounceable offer of one (1) New Share for every one (1) Share held by those Shareholders registered at the Record Date[1] at an issue price of $0.005 per Share, to raise approximately $1,362,578 ( Offer ). The Prospectus was also released to the ASX Ltd ( ASX ) on the same date. A Supplementary Prospectus was also lodged with the ASIC and the ASX on 13 February 2014 that provided additional detail in relation to how the proceeds of the Offer are planned to be used, and revised key dates.

A full copy of the Prospectus and Supplementary Prospectus will be mailed to all eligible shareholders[1] who hold Shares on the Record Date ( Shareholder ).

The Prospectus will not constitute an offer to any Shareholder whose registered address at the Record Date is not situated within Australia, New Zealand, Sweden or Monaco. The Prospectus is sent to shareholders outside those jurisdictions for information only and for those shareholders seeking further information regarding the Offer, please contact the Company on (+61 8) 9268 3800 between 8:30am to 5:00pm (WST) Monday to Friday.

Availability of Prospectus

This Prospectus will be available in electronic form on the ASX website at http://www.asx.com.au or the Company’s website http://www.enerji.com.au.

Proceeds of the Offer

The proceeds of the Offer are planned to be used in accordance with the table set out below:

Proceeds of the Offer	$	%
1. Carnarvon pilot plant legacy costs	418,888		30.7
2. Repay and purchase convertible notes	300,000		22.0
3. Budgeted development and operating expenses	514,690		37.8
4. Working capital	80,000		5.9
5. Expenses of Offer	24,000		1.8
6. Underwriting Fees (Frollo)	25,000		1.8
Total	1,362,578

1 With a registered address in Australia, New Zealand, Sweden or Monaco.

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Notes: Budgeted development and operating expenses include; statutory fees and charges, interest, insurance, audit and accounting fees, rent, ASX fees and charges, and operating wages and salaries. Refer to Section 6.8 of this Prospectus for further details relating to the estimated expenses of the Offer. The above table is a statement of current intentions as of the date of this Prospectus. As with any budget, intervening events and new circumstances have the potential to affect the manner in which the funds are ultimately applied. The Board reserves the right to alter the way funds are applied on this basis.

Optionholders

In order to participate in the Offer in relation to the underlying Shares that are the subject of existing options, holders of existing options already on issue are required to exercise their options prior to the Record Date.

Assuming no Options are exercised before the Record Date then up to 272,515,576 New Shares will be issued under the Offer.

Application for quotation

The Company has applied to ASX for quotation of the New Shares pursuant to the Prospectus. If approval is not obtained from ASX before the expiration of 3 months after the date of issue of the Prospectus (or such period as varied by the ASIC) the Company will not issue any New Shares and will repay all application monies for the New Shares within the time prescribed under the Corporations Act, without interest.

Key Dates

The key dates for the Offer are as set out below:

Ex Date	20 February 2014
Record Date for determining Entitlements	26 February 2014
Prospectus sent out to Shareholders	3 March 2014
Closing Date of Offer	18 March 2014
Securities quoted on a deferred settlement basis	19 March 2014
ASX notified of under-subscriptions	21 March 2014
Issue Date/Shares entered into Shareholders’ security holding	26 March 2014
Commence trading of New Shares	27 March 2014

Note: These dates are indicative only and subject to change. The Company reserves the right, subject to the Corporations Act, the ASX Listing Rules and other applicable laws, to vary the dates of the Offer, including extending the Closing Date or accepting late applications, either generally or in particular cases, without notifying you. You are encouraged to submit your Entitlement and Acceptance Form and Shortfall Application Form as soon as possible. Any extension of the Closing Date will have a consequential effect on the date of the issue of the Shares. The Offer does not require the approval of Shareholders.

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Capital Structure

A table of changes in the capital structure of the Company as a consequence of the Offer is set out below, assuming that the Offer is fully subscribed.

	Shares on issue at date of Prospectus New Shares offered under the Offer (including 5,625,800 shares as fees for underwriting) Total Shares on issue after completion of the Offer Quoted Options exercisable at $2.00 on or before 31 December 2016 (ERJO) Quoted Options exercisable at $0.30 on or before 30 June 2015 (ERJOA) Total Options on issue after completion of the Offer	272,515,576 278,141,376 550,656,952 6,473,770 133,147,546 139,621,296

Enquiries

For further information regarding the Offer, please contact the Company on (+61 8) 9268 3800 between 8:30am to 5:00pm (WST) Monday to Friday.

For and on behalf of

ENERJI LIMITED

Colin Stonehouse Chairman and Chief Executive Officer ENERJI LIMITED ABN 62 009 423 189

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