SMART PARKING LIMITED — Capital/Financing Update 2011

Jan 19, 2011

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20 January 2011

Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street Sydney NSW 2000

By E‐Lodgement

KEY POINTS:

• Prospectus lodged for $1,000,000 raising

• Shareholder meeting to approve the acquisition of Meter Eye Limited (“Meter Eye”) to be held on 24 January 2011

• Anticipated re‐quotation of the Company under its new name Car Parking Technologies Limited on ASX during February 2011

Empire Beer Group Limited ( ASX: EEE ) ( Empire or Company ) is pleased to announce that it has lodged a prospectus with the ASIC today for the offer of 5,000,000 post consolidated shares at an issue price of $0.20 per share to raise $1,000,000 ( Offer ). E.L. & C. Baillieu Stockbroking Ltd are acting as Lead Manager to the Offer which is not underwritten.

As announced on 22 December 2010, the Company entered into a share purchase agreement to acquire 100% of Meter Eye (“ Acquisition ”), subject to the satisfaction of a number of conditions precedent including the Company completing a prospectus capital raising of not less than $1,000,000. Following the Acquisition, the funds raised pursuant to the Offer will be applied towards working capital.

Meter Eye is a New Zealand based company which operates in the car park technology business. Meter Eye has a suite of innovative products which allow car park owners and operators to utilise their assets more efficiently. In the UK, Meter Eye has formed a relationship with Town and City Parking Limited ( TCP ) which operates over 1,000 car parks across the UK. Meter Eye has agreed with TCP to share in car parking infringement revenue generated at car park sites where Meter Eye’s products are installed, subject to an assessment of each car park site.

Completion of the Offer and the acquisition of Meter Eye is subject to shareholder approval at a general meeting of shareholders to be held on 24 January 2011 ( General Meeting ).

Shares in the Company will be suspended from trading from the General Meeting and will remain in suspension until the Company re‐complies with Chapters 1 and 2 of the ASX Listing Rules, which includes a consolidation of the Company’s capital on a 3 for 4 basis.

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The Offer will close on 31 January 2011 and the Company anticipates being re‐quoted on ASX during February 2011 under the new name “Car Parking Technologies Limited” (ASX: CPZ).

Yours faithfully

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_________________________ Jeremy King Company Secretary