VOLT GROUP LIMITED — Capital/Financing Update 2017

Dec 21, 2017

VOLT POWER

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ASX ANNOUNCEMENT

22 December 2017

VOLT COMPLETES 50% ECOQUIP INTEREST ACQUISITION

ISSUED CAPITAL

Waste heat to power technology and aspiring infrastructure asset/equipment owner, Volt Power Group Limited (Volt or Company), is pleased to announce that it has completed the acquisition of 50% of EcoQuip Australia, a leading manufacturer and supplier of Mobile Solar / Li-Ion battery enabled LED lighting, Wi-Fi repeater and CCTV tower solutions.

Volt’s CEO and Managing Director, Mr Adam Boyd said:

PRINCIPAL OFFICE

“ We are delighted that EcoQuip has become part of the Volt Group and I look forward to working with Dave Sharp in growing the EcoQuip business.”

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REGISTERED OFFICE

About Volt

Volt Power Group Limited (ASX: VPR) is a power generation technology and infrastructure asset / equipment developer and owner.

The company is primarily focused on:

• the enhancement and commercialisation of its ATEN Technology - a low emission waste heat to electricity generation solution; and

(under construction)

• the expansion of its broader renewable and low emission power generation and infrastructure asset / equipment footprint.

ATEN Technology comprises a modular, power generation equipment package capable of harvesting ‘low’ grade industrial waste heat to generate zero emission electricity. ATEN generated electricity is expected to significantly reduce ‘energy intensive’ industry operating costs via the displacement of grid sourced electricity or fossil fuel usage associated with electricity generation.

The global industrial complex generally vents ‘low’ grade waste heat to atmosphere. The quantity of unexploited waste heat created by global industry presents an outstanding opportunity for the commercial roll-out of the ATEN Technology.

The ATEN’s simple, high efficiency design and modular configuration - developed to maximise its integration capability - provides a low capex, uniquely compatible and scalable solution for the exploitation of ‘low grade’ industrial waste heat. Volt’s priority target markets for the commercialization of the ATEN Technology include the resources and industrial processing sectors.

ASX ANNOUNCEMENT (CONTINUED)

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Volt’s largest shareholder is ECM Pty Ltd (ECM). ECM is one of Australia’s largest, privately owned construction and maintenance companies servicing clients in the mining, oil and gas, infrastructure and power generation sectors. The business has a national footprint with extensive project execution and delivery capability having completed the construction and commissioning of power stations and processing infrastructure across mainland Australia for 30+ years.

The Company’s office is co-located at the ECM headquarters and fabrication facility - 20kms south of the Perth CBD in Henderson, Western Australia.