VOLT GROUP LIMITED — Capital/Financing Update 2016

Sep 4, 2016

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5 September 2016

ASX Limited

Company Announcements Office

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Enerji Ltd ( Company ) under Section 708A(5)(e) of the Corporations Act 2001 ( Corporations Act ).

The Company hereby confirms that:

• a) It issued 3,746,854 fully paid ordinary shares (Shares) on 29 August 2016 at a price of A$0.01048 per share in accordance with a subscription notice issued by Magna Equities II (Magna), pursuant to the Loan Agreement and Subscription Agreement entered into with Magna as announced on 29 March 2016;

• b) The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• c) The Company is providing this notice under paragraph 5(e) of section 708A of the Corporations Act;

• d) As at the date of this notice the Company, as a disclosing entity under the Corporations Act has complied with:

• (i) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (ii) Section 674 of the Corporations Act as it applied to the Company;

• e) As at the date of this announcement, other than as disclosed below by way of update, there is no excluded information of the type referred to in Sections 708A(7) and 708A(8) of the Corporations Act:

  • the Company is progressing the Notice of Meeting for the general meeting of shareholders to approve the transactions contemplated with ECM Group as announced on 8 August 2016, including the appointment of an Independent Expert to provide an opinion on the transaction to shareholders of the Company. The Company is also working towards finalisation of the other conditions precedent to the transaction. The shareholders meeting is likely to be held in mid to late October 2016 in order to provide sufficient time for all conditions precedent to be satisfied.

  • A short term working capital facility has not yet been procured as the Company is currently managing existing cash reserves.

For and on behalf of the directors of Enerji Ltd

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Peter Torre Company Secretary Enerji Ltd