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26th May 2011 The Company Announcements Platform ASX Ltd Sydney NSW 2000 Enerji completes $1M placement Emerging green energy utility, Enerji Limited (ASX: ERJ, “Enerji” or the “Company”) has completed the book build for a share placement with commitments of approximately A$1,000,000, before costs, to sophisticated and private investors (“Placement”) to further fund the installation process of Australia’s first Opcon Powerbox at Horizon Power’s Carnarvon Power Station. Under the Placement, Enerji will issue approximately 55,555,556 fully paid ordinary shares at a price of $0.018 (“Placement Shares”). The Placement Shares have an attached one (1) for two (2) unlisted option exercisable at $0.03 and expiring on 30 June 2015 (“Placement Options”). The Company will issue approximately 27,777,778 Placement Options. The Placement is being made under section 708 of the Corporations Act and is within the Company’s 15% capacity pursuant to ASX Listing Rule 7.1. Enerji is also pleased to advise an upcoming one (1) for three (3) rights issue of unlisted options to all shareholders (“Rights Issue”) to raise approximately $460,000, before costs – which will commence prior to the end of August 2011. These unlisted options will have an issue price of $0.002, will be exercisable at $0.03 and expire on 30 June 2015. Following completion of the Rights Issue, the Company will apply for quotation of the options from the Rights Issue and the Placement Options on the ASX. The Rights Issue will be underwritten by SA Capital Pty Ltd. Enerji recently announced a clear timeline towards the installation of Australia’s first Opcon Powerbox at Horizon Power’s Carnarvon Power Station during 2H2011 (ASX announcement 12 May 2011). The Powerbox, which is designed and manufactured in Sweden by Opcon, transforms low-grade industrial waste heat into electricity and therefore reduces companies’ fuel costs and carbon emissions. Upon completion of this installation, Enerji (which has a ‘Build, Own, Operate’ business model) will generate revenue through its Power Purchase Agreement with Horizon Power. This first Powerbox installation will also provide a reference site in Australia and support Enerji’s wider commercialisation objectives. For more information visit www.enerji.com.au or contact: Greg Pennefather Enerji Limited +61 8 9268 3800 10 Ord Street, West Perth WA 6005. PO Box 1933, West Perth WA 6872 Telephone: +618 9268 3800 Facsimile: +618 9226 2018 Media enquiries Melanie Gray Stokes FD +61 8 9386 1233 About Enerji Enerji Limited is an emerging Perth-based green power utility focussed on commercialising the Opcon Powerbox in Australia. The Opcon Powerbox cogeneration technology transforms waste heat into electricity and therefore creates significant energy cost and CO2 emissions savings for its customers. Enerji has exclusive sales and distribution rights for the Opcon Powerbox in Australia and options for Malaysia, Thailand, Singapore and Sub-Saharan Africa. The Opcon Powerbox, manufactured in Sweden by Opcon, represents a significant commercial opportunity through application to industrial, mining and power generation operations. Enerji plans to maximise this opportunity and generate shareholder returns through long-term energy off-take agreements.
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