FIRST LITHIUM LIMITED — Director's Dealing 2007

Nov 22, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Advanced Engine Components Limited ACN 009 081 770

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Pun Kin Wa (Albert)
Date of last notice	20 August 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	698 Capital International Limited - director
Date of change	22 November 2007
No. of securities held prior to change	698 Capital International Limited – director55,332,713 ordinary shares698 Capital Asia Pacific Ltd - director3,000,000 Convertible Notes - convertibleinto Shares at $0.40 per Share on or before31 December 2009.
Class	Fully paid ordinary sharesUnlisted options exercisable at 12.8 cents onor before 30 November 2009
Number acquired	698 Capital International Limited – director8,516,305 shares4,258,153 unlisted options.
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

	details and estimated16 cents per shareNil for free attaching optionse698 Capital International Limited – director63,849,018 shares 4,258,153 unlisted options exercisable at12.8 cents on or before 30 November 2009.	details and estimated16 cents per shareNil for free attaching optionse698 Capital International Limited – director63,849,018 shares 4,258,153 unlisted options exercisable at12.8 cents on or before 30 November 2009.
Value/ConsiderationNote: If consideration is non-cash, providevaluation	details and estimated	16 cents per shareNil for free attaching options
No. of securities held after change	e	698 Capital International Limited – director63,849,018 shares 4,258,153 unlisted options exercisable at12.8 cents on or before 30 November 2009.
		698 Capital Asia Pacific Ltd - director3,000,000 Convertible Notes - convertibleinto shares at $0.40 per share on or before31 December 2009.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Allotment of shares and unlisted options to698CapitalInternationalLimitedasunderwriter for the rights issue by theCompany pursuant to the Prospectus dated 17October 2007.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	NA	NA	NA
Nature of interest	NA
Name of registered holder(if issued securities)	NA
Date of change	NA
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	NA
Interest acquired	NA
Interest disposed	NA
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	NA
Interest after change	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002