VOLT GROUP LIMITED — Regulatory Filings 2015

Mar 3, 2015

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3 March 2015

Mr Adam Russo Australian Securities Exchange

By Email: adam.russo@asx.com.au

Dear Adam

Enerji Ltd– APPENDIX 4C 31 DECEMBER 2014

Further to your letter dated 27 February 2015, we advise as follows:

1. The Company expects to have sufficient cash to fund its activities in the current quarter. With the existing cash balance of $691,000 at December 2014, coupled with the expected receipt of the Research and Development (R&D) Rebate by the end of April 2015, the Company has sufficient means to continue to operate in the coming period. The Board is also carefully managing its incurred expenditure.

The Company provided an update to the Market on 3 March 2015 advising that the estimate of its R&D Rebate for the 2014 financial year is now $1.3 million. The Company has also previously advised that it has an R&D Funding Facility with Metamor Capital Partners Pty Ltd that enables it to borrow funds against future R&D claims.

The Company announced on 3 February a planned $15.1m Solar Thermal Hybrid Project. Funding for this project, once a final investment decision is made, is expected to be a mix of grants, debt and existing equity.

The Board continues to monitor cash flow to ensure the Company remains positioned to achieve its objectives. The Company continues to assess other fundraising initiatives in light of the current stage of development of its projects and other investment opportunities.

1. The Company expects to have negative operating cash flows in future quarters due to its current status as a Company in development stage. The points outlined above will ensure that the Company is fully funded to continue to operate as such and to develop its projects as and when they occur.

2. The Cash Inflows and Outflows in the reported in the Appendix 4C for the December 2014 quarter were substantially in line with the Company’s expectations for that quarter.

3. Not applicable.

4. The Board continues to assess the Company’s “Five Projects Strategy” as previously disclosed to the market. As stated above, the Board will continue to ensure that the Company has sufficient funds to pursue its current business objectives to take them to a financial investment decision, upon such time, further fundraising initiatives will be instigated to ensure the projects are brought to fruition.

5. The Company is in compliance with the ASX Listing Rules, in particular listing rule 3.1.

6. Given the responses above, the Company’s financial position is adequate to warrant the continued quotation of its securities and its continued listing.

1/136 Stirling Hwy, North Fremantle, WA 6159 PO Box 1933, West Perth, WA 6872 info@enerji.com.au | www.enerji.com.au

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Enerji Ltd ABN 62 009 423 189 T +61 8 6420 9930 | F +61 8 9430 7522

If there is any further information you require, please advise and we will provide accordingly.

Yours faithfully

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Peter Torre Company Secretary

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ASX Compliance Pty Limited ABN 26 087 780 489 Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

GPO Box D187 PERTH WA 6840

Telephone 61 8 9224 0000 www.asx.com.au

27 February 2015

Peter Torre Company Secretary Enerji Limited

By email: Peter@torrecorporate.com.au

Dear Peter

Enerji Limited (the “Company”)

I refer to the Company’s Quarterly Report in the form of Appendix 4C for the period ended 31 December 2014 , released to ASX Limited ("ASX") on 29 January 2015 (the “Appendix 4C”).

ASX notes that the Company has reported the following.

1. Receipts from customers of nil.

2. Net negative operating cash flows for the quarter of $657,000.

3. Cash at end of quarter of $691,000.

In light of the information contained in the Appendix 4C, please respond to each of the following questions.

1. It is possible to conclude on the basis of the information provided that if the Company were to continue to expend cash at the rate for the quarter indicated by the Appendix 4C, the Company may not have sufficient cash to fund its activities for the next quarter. Is this the case, or are there other factors that should be taken into account in assessing the Company’s position?

2. Does the Company expect that in the future it will have negative operating cash flows similar to that reported in the Appendix 4C for the quarter and, if so, what steps has it taken to ensure that it has sufficient funds in order to continue its operations at that rate?

3. To what extent have the Company’s actual revenues and expenses in the quarter, as reported in the Appendix 4C, matched the Company’s anticipated revenues and expenses for that reporting period?

4. If the Company’s actual revenues and expenses are not substantially in accordance with the Company’s anticipated revenues and expenses, when did the Company become aware that its revenues and expenses would not substantially match the anticipated revenues and expenses? You may wish to outline any circumstances that may have had an effect on the Company’s revenues and expenses.

5. What steps has the Company taken, or what steps does it propose to take, to enable it to continue to meet its business objectives?

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1. Can the Company confirm that it is in compliance with the listing rules, and in particular, listing rule 3.1?

2. Please comment on the Company’s compliance with listing rule 12.2, with reference to the matters discussed in the note to the rule.

Listing rule 3.1

Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities. The exceptions to this requirement are set out in the rule.

In responding to this letter you should consult listing rule 3.1 and the guidance note titled “Continuous disclosure: listing rule 3.1”.

If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter.

This letter and your response will be released to the market. If you have any concerns about your response being released, please contact me immediately. Your response should be sent to me by email to adam.russo@asx.com.au. It should not be sent to the Market Announcements Office.

Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, not later than half an hour before the commencement of trading (6:30 am WST) on Wednesday, 4 March 2015 .

If you are unable to respond by the time requested you should consider a request for a trading halt in the Company’s securities.

If you have any queries regarding any of the above, please contact me on 9224 0052.

Yours sincerely,

[sent electronically without signature]

Adam Russo Adviser, Listings Compliance (Perth)

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