AMA GROUP LIMITED - Capital/Financing Update 2007

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Allomak Limited ASX Announcement

ALLOMAK OPERATIONAL AND ACQUISITION UPDATE

Allomak Limited (ASX:AMA) today announced it has entered into an agreement to acquire the remaining equity in DUAL LPG Pty Ltd (“DUAL”), with the agreement expected to be completed in the current calendar quarter. The launch of DUAL LPG as a joint venture was announced in November 2006.

Allomak has also advised that it will not be proceeding with the acquisition of Spann Trucks Pty Ltd (Spann), and as per previous announcements Allomak confirms that Spann’s figures have not been included in earnings guidance.

Allomak also announced the appointment of Mr Wayne Lyons as the new General Manager of DUAL LPG. Mr Lyons has 15 years experience in the automotive related industry including national roles with BMW and Auto Brake Service.

Managing Director of Allomak, Mr Rob Allan said: “Increasing our investment in DUAL LPG reflects both the strength of this business and our view on the emergence of LPG as a real growth industry.

“We also welcome the extensive experience brought by Mr Lyons to manage an important part of our business platform as the baton is passed from the founding CEO.”

Although the specific terms of the transaction are confidential, Allomak advises that the acquisition multiple (ie multiple of current years earnings) based on the expected contribution from DUAL in FY2008 is within the parameters of previous acquisitions and within the previously advised target range. The acquisition payment will be a combination of cash and Allomak equity, the latter component being subject to voluntary escrow provisions.

Allomak will release its results for the year ended 30th June 2007 on the 30[th] August 2007.

Allomak Limited also advised that under Listing Rule 3.10A the following voluntarily restricted securities are being released from escrow on 31 August 2007:

*Security Description*	*Number*	*Date of Release*
Fully paid ordinary shares	3,051,350	31 August 2007

Yours faithfully, Allomak Limited

Tracey O’Neill Company Secretary

About Allomak Limited

Automotive aftermarket specialist Allomak listed on ASX in August 2006 and since listing has provided return to shareholders of over 75 per cent. Success has come from the implementation of its strategy to acquire growth businesses undergoing generational change, with a focus on the automotive aftermarket and then to grow those businesses by identifying synergies and driving performance improvement initiatives through the group. Businesses currently in the group include ECB, Dyno Dynamics, Autolac, Fluidrive Transmissions, Perth Brake Parts, Dual LPG, Diesel Test and Mr Gloss.