Energy Mad : 2016 Annual Meeting Notice

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23 June 2016

Letter from the Chairman Dear Shareholder

I am pleased to invite you to the 2016 Annual Meeting of Energy Mad Limited to be held on Thursday 28 July 2016, at 10.00am, at The Chateau on the Park, Hotel and Conference Centre, Corner Deans Avenue and Kilmarnock Street, Riccarton, Christchurch, New Zealand.

Chris Mardon, Co-founder of Energy Mad, and I, will comment briefly on Energy Mad's performance during the year to 31 March 2016. Chris and I would welcome any questions you may have about the Company or its performance.

In the formal business, shareholders will be asked to vote on the re-election of Andrew Plympton, as a Director who is retiring by rotation and David Jarman who is seeking election as a Director. You can read about their backgrounds in the Explanatory Notes to the Notice of Meeting of Shareholders enclosed with this letter.

If you cannot attend the Annual Meeting I encourage you to complete and lodge the Proxy Form in accordance with the instructions on the Proxy Form so that it reaches our share registrar, Link Market Services, by 10.00am (New Zealand time) on Tuesday 26 July 2016. Alternatively you can complete the Proxy Form online at https://investorcentre.linkmarketservices.co.nz/voting/MAD.

For those shareholders who are attending the Annual Meeting, please bring the enclosed Proxy/Admission Form with you to assist with your registration.

You are invited to join members of the Board and Management for light refreshments at the conclusion of the Meeting.

I look forward to seeing you then. Sincerely,

Dr Brent Wheeler

Chairman

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN THAT the Annual Meeting of shareholders of Energy Mad Limited ('Energy Mad') will be held at The Chateau on the Park, Hotel and Conference Centre, Corner Deans Avenue and Kilmarnock Street, Riccarton, Christchurch, New Zealand on Thursday 28 July 2016 at 10.00am (New Zealand time).

Items of Business

A The Chairman's introduction; B Addresses to shareholders; C Shareholder discussion;

D Resolutions.

To consider, and if thought fit, to pass the following ordinary resolutions:

1. That the Board is authorised to fix the Auditors' remuneration;

2. That Andrew Plympton be re-elected as a Director of Energy Mad;

3. That David Jarman be elected as a Director of Energy Mad. By order of the Board.

Dr Brent Wheeler

Chairman

23 June 2016

EXPLANATORY NOTES Resolution 1: Fixing the remuneration of the Auditor

The proposed resolution, if passed by shareholders, would allow the Board to fix the remuneration of Energy Mad's auditor.

Resolutions 2 and 3: Re-election of a Director and election of a Director

Director Andrew Plympton retires by rotation and offers himself for re-election. David Jarman offers himself for election as a Director. The Board unanimously supports the re-election of Andrew and election of David as Directors.

ANDREW PLYMPTON

Non-executive Director Independent

Term of Office: Appointed Director 5 March 2009

Board Committees: Chair - Audit and Risk Management Committee, Member - Remuneration Committee

Andrew Plympton is the Chairman of the following ASX companies, Shoply Ltd. In addition he is a director of XPD Soccer Gear Limited.

In addition to these listed board roles Andrew has had experience on nine ASX Boards as either Chairman or NED. He is on the Australian advisory board of Aon Risk Limited. Andrew has previously been the CEO/Chairman of the Asia-Pacific practices of two global insurance broking firms, the Chairman of a specialist aviation underwriter and Chairman of a large captive insurance operation.

Outside of the corporate world Andrew is also an Executive Member of the Australian Olympic Committee (AOC) and is also Chair of Audit and Risk committee. He is also a director of The Australian Olympic Foundation Limited, and is a Director of the Australian Sports Commission. He is also the longest serving President of Yachting Australia and was for eight years the Chairman of St Kilda AFL club. Andrew has won sailing world championships, holds numerous sporting achievement awards and is a life member of two sporting organisations.

DAVID JARMAN

Appointed by Board on 31 March 2016

David has a background in start-ups, developing businesses and restructuring, having undertaken CFO and director roles in a number of these businesses. In the past he has worked in the telecoms, IT and finance sectors, and is currently CFO at Leighs Construction Limited and a director of Leighs Cockram JV Limited.

David is a Chartered Accountant with 25 years post-qualification experience and is a member of the New Zealand Institute of Directors.