FIRST LITHIUM LIMITED — Director's Dealing 2007

Aug 16, 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	28 November 2006

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 relevant interest.	698 Capital Asia Pacific Ltd - director
Date of change	15 August 2007
No. of securities held prior to change	Nil
Class	Convertible Notes
Number acquired	3,000,000 Convertible Notes – by virtue of appointment as a Director of 698 Capital Asia Pacific Ltd on 15 August 2007.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

No. of securities held after change 698 Capital Asia Pacific Ltd - director 3,000,000 Convertible Notes - convertible into Shares at $0.40 per Share on or before 31 December 2009. Nature of change Mr. Pun now has a relevant interest in

Example: on-market trade, off-market trade, exercise of options, issue of 3,000,000 Convertible Notes held by 698 securities under dividend reinvestment plan, participation in buy-back Capital Asia Pacific Ltd as he was appointed as a Director of 698 Capital Asia Pacific Ltd on 15 August 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
Nature of interest	NA
Name of registered holder (if issued securities)	NA
Date of change	NA
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	NA
Interest acquired	NA
Interest disposed	NA
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	NA
Interest after change	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002