WOOLWORTHS GROUP LIMITED — Capital/Financing Update 2011

Nov 24, 2011

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25 November 2011

New contract broadens ERM Power relationship with Woolworths Limited

Integrated energy company ERM Power Limited (ASX: EPW) today announced it had extended its relationship with Woolworths Limited by signing an electricity sales contract valued at about $140 million over three years.

The contract, starting on 1 October 2012, covers about 360 Woolworths sites in Victoria including:

• Woolworths/Safeway and Thomas Dux supermarkets

• Woolworths and Safeway petrol outlets

• Big W general merchandise stores

• Dan Murphy’s and BWS liquor stores

• Dick Smith consumer electronics stores, and

• Woolworths’ administration, logistics and other sites.

ERM Power’s Managing Director, Philip St Baker, said the contract demonstrated the continuing ability of ERM Power’s electricity sales business ERM Sales to build market share around Australia within a highly competitive environment.

“ERM Sales won this contract in a competitive tender by offering an attractive price, favourable terms and conditions and on the strength of its reputation for providing exceptional service which is tailored to large commercial and industrial customers,” Mr St Baker said.

“This win builds on ERM Sales’ existing contracts with Woolworths and will make Woolworths one of our top 10 customers and our largest in Victoria.

“This contract, along with ERM Sales’ recent $300 million four year contract with the Commonwealth of Australia and the Department of Defence in NSW and ACT, demonstrate ERM Sales’ strong growth and emergence as one of the largest electricity sellers in Australia.”

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Peter Jans Group General Counsel & Company Secretary ERM Power Limited

For further information

Garry West

Corporate Communications Manager Phone: +61 7 3020 5165 Mobile: +61 457 140 650 Email: gwest@ermpower.com.au

About ERM Power

ERM Power (ASX code: EPW) is an integrated energy company which operates electricity sales, generation and gas procurement businesses. Founded in 1980 as a specialist energy advisory firm, it grew through deregulation and privatisation to become one of Australia’s largest private energy sector companies before listing on the Australian Securities Exchange on 10 December 2010. ERM Power is leveraged to the forecast growth in the Australian electricity market through its sales business, ERM Sales, which focuses on large business customers, and its generation business, which focuses on low emission gas‐fired assets with long term contracts. In the last six years ERM Power has developed five power stations, operating two of them and retaining interests in two.

www.ermpower.com.au