AUSQUEST LIMITED — Capital/Financing Update 2007

Nov 28, 2007

ABN 35 091 542 451

29 November 2007

6 Kearns Crescent, Ardross WA 6153 Telephone: 08 9364 3866 Facsimile: 08 9364 4892 Email: graeme@ausquest.com.au Web: www.ausquest.com.au

The Manager Company Announcements Office Australian Stock Exchange

By Electronic Lodgement

SHARE PURCHASE PLAN: CORRECTION TO RECORD DATE

The Company lodged a copy of a letter to be dispatched to optionholders today notifying them of the need to exercise their options before the Record Date in order to participate in the Share Purchase Plan. The letter mentioned two different Record dates and the Company would like to confirm that the correct Record Date is 10 December 2007.

Yours sincerely AUSQUEST LIMITED

Darren Crawte Company Secretary