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Energy Developments deferral of potential share purchase plan issue

11 Jul 2005

Following shareholder inquiries as to the likely timing of a possible issue of shares under the ENE Share Purchase Plan, the Company advises that consideration of the matter has been deferred due to the previously announced delay in reaching financial close for the West Kimberley Power Project, and to the success of other funding initiatives. The Company continues to work with Western Power to bring the West Kimberley Power Project to fruition.

The Company advises that the matter will be again formally considered after the release of the Company's results for the financial year ended 30 June 2005 which is currently scheduled for 25 August 2005.

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