SMART PARKING LIMITED — Capital/Financing Update 2007

May 9, 2007

10 May 2007

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

By E-lodgement

MEDIA RELEASE - Empire Beer Group acquires a key strategic metropolitan site

Please find attached a media release in relation to the acquisition of a key strategic metropolitan site by Empire Beer Group Ltd.

For and on behalf of the Board.

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Kim Massey Company Secretary

Empire Beer Group acquires a key strategic metropolitan site

Key points:

• Acquires "The Royal Bar and Brasserie" in East Perth for A$3.5m
• Represents implementation of a dual growth strategy
• Acquisition is cash-flow positive and funded through existing balance sheet
• Company advanced in negotiations regarding further acquisitions

WA based craft beer company Empire Beer Group Ltd ("Empire" or "the Company") has strenathened its distribution and brand presence in metropolitan Perth through the acquisition of the "The Roval Bar and Brasserie" in East Perth.

This transaction is valued at A$3.5m and is subject to the following conditions:

• Completion of 30 day due diligence process;
• Approval of the transfer of the liquor licence to Empire by the Western Australian Director of Liquor Licensing; and
• Approval of finance.

Empire Managing Director Phil Gallagher said this was a strategic acquisition that represented the implementation of a dual growth strategy and a significant milestone in the development of Empire.

The two phases of the growth strategy will grow profit and develop the Colonial brand by:

• 1. Development of new 'Colonial Brewing' micro-brewery venues throughout Australia
• 1. Acquisition of a portfolio of profitable stand alone food and beverage focussed hotels suitable for the distribution and sale of Colonial Brewing Co Craft Beer brands

SUITE 5, 531 HAY ST, SUBIACO WA 6008 TEL: 08 9380 8339 FAX: 08 9380 8338 EMAIL: info@empirebeergroup.com.au WEB: empirebeergroup.com.au ABN: 45 119 169

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Mr Gallagher said Empire had reviewed a number of sites before, but this one stood out in terms of offering exactly what the company was looking for.

"The acquisition of a profitable stand-alone hotel will allow Empire the opportunity to focus on on-premise sales, maximise its expertise, grow brand presence, and provides a platform for future growth," he said.

"The Royal Bar and Brasserie is a high profile, high-traffic tourist location and a leading Perth food and beverage venue, with significant potential for growth in both the local and tourism markets. It will provide the company with significant distribution and volume for its flagship Colonial Brewing Co brands."

Empire is in advanced negotiations with experienced hotel operators in regard to the management of the site.

"Investigations continue on a number of metropolitan and regional opportunities in Western Australia and interstate," Mr Gallagher said.

ENDS

For further information please contact:

Phil Gallagher	David Tasker/ Lynda Rovis-Herman
Managing Director
Empire Beer Company	Professional Public Relations
Ph: 08 9380 8339	Ph: 08 9388 0944

About Empire Beer Group

Empire Beer Group Ltd (Empire, ASX: EEE) listed on the Australian Stock Exchange in January 2007.

Empire is the holding company for the highly successful Colonial Brewing Company Pty Ltd in Margaret River, Western Australia, Colonial Brewing Company Margaret River was recently named Champion Australasian Brewery and Champion Small International Brewery at the 2007 Australian International Beer Awards.

Empire Beer Group Ltd will continue to expand its operations via the development of new Colonial Brewing Co micro-brewery venues and the acquisition of food and beverage sales focussed stand alone hotel venues that return high margins and will further develop the Colonial Brewing Co brand.

Website: www.empirebeergroup.com.au

EMPIRE BEER CROBEIMINED