SMART PARKING LIMITED — Capital/Financing Update 2007

Dec 13, 2007

14 December 2007

Manager of Company Announcements Australian Stock Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

RELEASE OF ESCROW

We advise that in accordance with ASX Listing Rule 3.10A, 1,995,264 options exercisable at 35 cents on or before 30 November 2008 will be released from escrow on 28 December 2007.

Please find attached an Appendix 3B in respect of released escrowed securities.

Yours faithfully

Phil Warren Company Secretary

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

EMPIRE BEER GROUP LIMITED

ABN

45 119 327 169

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

N/A

1 +Class of +securities issued or to be issued

2 Number of +securities issued or to be issued (if known) or maximum number which may be issued N/A

3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

N/A

+ See chapter 19 for defined terms.

4	Do the +securities rank equally in allrespects from the date of allotmentwith an existing +class of quoted+securities?If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipate for the next dividend,(inthecaseofatrust,distribution) or interest payment•the extent to which they do notrankequally,otherthaninrelation to the next dividend,distribution or interest payment	N/A
5	Issue price or consideration	N/A
6	Purpose of the issue(If issued as consideration for theacquisition of assets, clearly identifythose assets)	N/A
7	Dates of entering +securities intouncertificated holdings or despatchof certificates	N/A
8	Number and +class of all +securitiesquotedonASX(includingthesecurities in clause 2 if applicable)	NumberN/ANumber		+Class+Class
9	Number and +class of all +securitiesnot quoted on ASX (including thesecurities in clause 2 if applicable)	N/A
10	Dividend policy (in the case of atrust, distribution policy) on theincreased capital (interests)	N/A
	Part 2 - Bonus issue or pro rata issue
11	Is security holder approval required?		N/A
12	Istheissuerenounceablerenounceable?	ornon	N/A
13	Ratio in which the +securities will be offered		N/A
14	+Class of +securities to which the offer relates		N/A

+ See chapter 19 for defined terms.

16	Willholdingsondifferentregisters(orN/Asubregisters) be aggregated for calculatingentitlements?
17	Policy for deciding entitlements in relation toN/Afractions
18	Names of countries in which the entity hasN/A+security holders who will not be sent newissue documents
	Note: Security holders must be told how theirentitlements are to be dealt with.
	Cross reference: rule 7.7.
19	Closing date for receipt of acceptances orN/Arenunciations
20	Names of any underwritersN/A
21	AmountofanyunderwritingfeeorN/Acommission
22	Names of any brokers to the issueN/A
23	Fee or commission payable to the broker toN/Athe issue
24	Amount of any handling fee payable toN/Abrokerswholodgeacceptancesorrenunciations on behalf of +security holders
25	If the issue is contingent on +security holders'N/Aapproval, the date of the meeting
26	Date entitlement and acceptance form andN/Aprospectus or Product Disclosure Statementwill be sent to persons entitled
	27If the entity has issued options, and the termsN/Aentitleoptionholderstoparticipateonexercise, the date on which notices will besent to option holders
	28Date rights trading will begin (if applicable)N/A

15 +Record date to determine entitlements N/A

+ See chapter 19 for defined terms.

29	Date rights trading will end (if applicable)	N/A
30	+securityHowdoholdersselltheirentitlements in full through a broker?	N/A
31	How do +security holders sell part of theirentitlements through a broker and accept forthe balance?	N/A
32	How do +security holders dispose of theirentitlements(exceptbysalethroughabroker)?	N/A
33	+Despatch date	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities (tick one)

$+a$

(a) Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

+ See chapter 19 for defined terms.

36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

38	Numberofsecuritiesforwhich+quotation is sought	escrow on 28 December 2007.	1,995,274 Listed Options (exercisable at 35 cents onor before 30 November 2008) to be released from
39	Class of +securities for which quotationis sought	Listed Options (exercisable at 35 cents on or before30 November 2008)
40	Do the +securities rank equally in allrespects from the date of allotmentwith an existing +class of quoted+securities?	Yes
	If the additional securities do not rankequally, please state:•the date from which they do•the extent to which they participatefor the next dividend, (in the caseof a trust, distribution) or interestpayment•the extent to which they do not rankequally, other than in relation to thenextdividend,distributionorinterest payment
		End of restriction period
41Reason for request for quotation nowExample: In the case of restricted securities, end ofrestriction period
	pon conversion of another security, clearly identify thatother security)
		Number	+Class
42	Number and +class of all +securities	30,106,296	Ordinary fully paid
	quotedonASX(includingthesecurities in clause 38)		shares
		15,768,608	Listed Options(exercisable at 35 centson or before 30

November 2008)

+ See chapter 19 for defined terms.

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those +securities should not be granted +quotation.
  • An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Date: 14 December 2007

Print name: Phil Warren,

Company Secretary

+ See chapter 19 for defined terms.