SMART PARKING LIMITED — Capital/Financing Update 2007

May 10, 2007

11 May 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, 678,083 options exercisable at 35 cents on or before 30 November 2008 will be released from escrow on 26 May 2007.

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

Yours faithfully

A Mars

Kim Massey 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).

$\mathbf{1}$ +Class of +securities issued or to be issued

N/A

• Number of $\pm$ securities issued or to $\sqrt{\text{N/A}}$ $\overline{2}$ be issued (if known) or maximum number which may be issued
• 3 Principal terms of the +securities (eg, if options, exercise price and date; if partly paid expiry +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.

	If the additional securities do notrank equally, please state:the date from which they do$\bullet$extent to which theythe the٠participate for the next dividend,$(in$ the caseof atrust.distribution) or interest paymentthe extent to which they do not$\bullet$rank equally, other than inrelation to the next dividend,distribution or interest payment
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 $\dagger$ class of all $\dagger$ securitiesquoted on ASX (including thesecurities in clause 2 if applicable)	NumberN/ANumber		+ Class$\overline{+}$ 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
Ħ	Is security holder approval required?		N/A
12	Ĭstheissuerenounceablerenounceable?	non-Оľ	N/A
13	Ratio in which the + securities will be offered		N/A
14	+ Class of + securities to which the offer relates		N/A

Do the $+$ securities rank equally in all $N/A$ respects from the date of allotment

with an existing +class of quoted

$\overline{4}$

+securities?

$+$ See chapter 19 for defined terms.

15	*Record date to determine entitlements	N/A
16	Will holdings on different registers (orsubregisters) be aggregated for calculatingentitlements?	N/A
17	Policy for deciding entitlements in relation tofractions	N/A
18	Names of countries in which the entity has*security holders who will not be sent newissue documents	N/A
	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 orrenunciations	N/A
20	Names of any underwriters	N/A
21	underwritingAmountfeeοfany0ľcommission	N/A
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to the broker to N/Athe issue
24	Amount of any handling fee payable towholodgeacceptancesbrokersor.renunciations on behalf of + security holders	N/A
25	If the issue is contingent on + security holders'approval, the date of the meeting	N/A
26	Date entitlement and acceptance form andprospectus or Product Disclosure Statementwill be sent to persons entitled	N/A

$+$ See chapter 19 for defined terms.

27	If the entity has issued options, and the termsentitle option holders to participate onexercise, the date on which notices will be sentto option holders	N/A
28	Date rights trading will begin (if applicable)	N/A
29	Date rights trading will end (if applicable)	N/A
30	+ securityholdersselltheirHowdoentitlements 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 (except by sale through a broker)?	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 $(iick one)$
• Securities described in Part 1 $\left( a\right)$

$(b)$ 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

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

35

$+$ 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

A copy of any trust deed for the additional *securities

Entities that have ticked box 34(b)

37

38	whichNumbersecuritiesforοſ+ quotation is sought	678,083 Listed Options (exercisable at 35 cents onor before 30 November 2008) to be released fromescrow on 26 May 2007.
39.	Class of + securities for which quotationis sought	30 November 2008)	Listed Options (exercisable at 35 cents on or before
40	Do the *securities rank equally in allrespects from the date of allotment withan existing *class of quoted *securities?If the additional securities do not rankequally, please state:the date from which they do٠the extent to which they participatefor the next dividend, (in the case ofa trust, distribution) or interestpaymentthe extent to which they do not rankequally, other than in relation to thedividend.distribution$next -$0Ľinterest payment	Yes.
41	Reason for request for quotation nowExample: In the case of restricted securities, end ofrestriction period	End of restriction period
	on conversion of another security, clearly identify that othersecurity)
42	Number and + class of all + securitiesASXquoted(including)theonsecurities in clause 38)	Number29,186,15413.309,044	+ ClassOrdinary fully paidsharesListed Options(exercisable at 35 cents

on or before 30 November 2008)

$\overline{+$ See chapter 19 for defined terms.

Ouotation agreement

• $\mathbb{I}$ +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• $\sigma$ 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.
• $\bullet$ 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.
• $\overline{4}$ 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: 11 May 2007

$\mathscr{U}$ May

Print name:

Kim Massey,

Company Secretary $=$ $=$ $=$ $=$ $=$ $=$

+ See chapter 19 for defined terms.