VOLT GROUP LIMITED — Board/Management Information 2015

Sep 2, 2015

Market Announcement

Enerji Ltd (ERJ) 03 September 2015

Enerji finalises terms of CEO appointment

Enerji Ltd (ASX: ERJ; “Enerji” or the “Company”) is pleased to advise that it has finalised the terms of the appointment of Mr Andrew Vlahov as Chief Executive Officer, as initially announced to the market on 21 May 2015.

Mr Vlahov has been working with the Board of the Company acting in the CEO position whilst the terms of his employment were finalised. Mr Vlahov has already made a significant contribution to the advancement of the company’s pipeline of projects, and the Board looks forward to his valuable contribution in the future.

Mr Vlahov will be paid an annual base remuneration of $350K per annum (exclusive of superannuation) for an initial term of two years. In addition the Company has incentivised Mr Vlahov with the following performance rights and options.

Performance Rights

1. 5,000,000 Tranche 1 Performance Rights which vest upon the Company’s share price as listed on the ASX reaching $0.10 and maintains that price for a period of at least 30 consecutive business days.

2. 5,000,000 Tranche 2 Performance Rights which vest upon the Company’s share price as listed on the ASX reaching $0.20 and maintains that price for a period of at least 30 consecutive business days.

3. 2,500,000 Tranche 3 Performance Rights which vest upon the Company’s share price as listed on the ASX reaching $0.30 and maintains that price for a period of at least 30 consecutive business days.

4. 2,500,000 Tranche 4 Performance Rights which vest upon the Company’s share price as listed on the ASX reaching $0.40 and maintains that price for a period of at least 30 consecutive business days.

5. 2,500,000 Tranche 5 Performance Rights which vest upon the Company’s share price as listed on the ASX reaching $0.50 and maintains that price for a period of at least 30 consecutive business days.

Options

1. 2,500,000 Tranche 1 Options exercisable at $0.25 which vest upon the Company’s share price as listed on the ASX reaching $0.30 and maintains that price for a period of at least 30 business days.

T +61 8 6420 9930 info@enerji.com.au page 1 F +61 8 9430 7522 www.enerji.com.au

Enerji Ltd ABN 62 009 423 189

Unit B9,431 Roberts Road Subiaco, WA 6159

1. 2,500,000 Tranche 2 Options exercisable at $0.25 which vest upon the Company’s share price as listed on the ASX reaching $0.40 and maintains that price for a period of at least 30 business days.

2. 2,500,000 Tranche 3 Options exercisable at $0.25 which vest upon the Company’s share price as listed on the ASX reaching $0.50 and maintains that price for a period of at least 30 business days.

Enquiries:

Mr Andrew Vlahov Chief Executive Officer Enerji Ltd +61 8 6420 9930

About Enerji

Enerji is a thermal energy company that harnesses waste heat from power generation and industrial processes to generate electricity. Through its unique Accretive Thermal Energy Node (ATEN) technology, it converts heat into electricity without using any additional fuel or creating any additional emissions.

ATEN captures heat accretively from a range of different sources and simultaneously conditions it for use in a single heat-to-power system. This feeds into their energy customers’ electricity supply to reduce their cost base.

Enerji’s different ATEN systems have been developed with a compact, standardised design suitable for prefabricated, modular manufacture, removing the need for costly bespoke infrastructure. By reducing project complexity, time and cost the Directors believe ATEN will disrupt and grow the heat-to-power market.

www.enerji.com.au