SPRINTEX LIMITED — Capital/Financing Update 2009

Feb 10, 2009

11th February 2009

ASX ANNOUNCEMENT

ATG TO PLACE 8,500,000 SHARES AT 12 CENTS

Automotive Technology Group Limited (ASX: ATJ) announces its intention to issue up to 8,500,000 shares at an offer price of 12 cents per share to Related Parties and other sophisticated investors for working capital.

Automotive Technology Group Limited (“ ATG ” or the “ Company ”) Executive Director – Corporate Steve Apedaile said “The company has received significant inquiries regarding the sale of its superchargers. This placement will raise $1,020,000 and should be sufficient to complete the inventory and other working capital requirements to fulfil these inquiries. Commitments for $360,000 have already been received by the Company”

The Company advises that the proposed structure of the placement will be;

1. Subscription of one ATG share for 12 cents per share ( “ Placement Share “ ), plus

2. Purchase of one ATG share from CMIH Pty Ltd for 5 cents per share.(” Sale Share “ )

EuroMark Pty Limited, a significant shareholder of ATG, will subscribe for 1,350,000 Placement Shares (at a consideration of $162,000) and 1,350,000 Sale Shares. Mr Rick Siemens, Non Executive Chairman, intends to subscribe for 1,000,000 Placement Shares ($120,000) and 1,000,000 Sale Shares offered, while Mr Steve Apedaile, Executive Director - Corporate, intends to subscribe for 650,000 Placement Shares ($78,000) and 650,000 Sale Shares offered.

The Placement Shares will be offered under the general mandate to the Board of the Company adopted at the annual general meeting of the Company on 28 November 2008 save that those to be issued in favour of Mr Siemens and Mr Apedaile (collectively the “ Related Parties ”) will be subject to a separate approval from shareholders of the Company. An extraordinary general meeting of the Company is proposed to be held for the purpose, the notice of which will be announced in due course.

Funds payable by the Related Parties to the Company for the subscription of Placement Shares will nevertheless be advanced to the Company as a loan until such time as shareholders approve the issuance of the Placement Shares in favour of the Related Parties upon which such loan will be deemed settled on the terms of the offer.

Mr Anthony Hamilton, Director, is a Director and the beneficial owner of CMIH Pty Ltd., the vendor of the Sale Shares.

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Investors Media Steve Apedaile ATG 618 9262 7222

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Automotive Technology Group

Automotive Technology Group Limited (ATG) is the designer and manufacturer of the patented Sprintex supercharger product range. ATG also manufactures and supplies Vee Two specialist and performance parts for all Ducati and certain models of Harley-Davidson motorcycles. ATG operates from a specialist research and development facility in Perth, Western Australia. The Company’s vision is to be a leading developer and manufacturer of innovative green automotive technologies and in particular to be a pre-eminent manufacturer of superchargers to the world market. ATG is listed on the ASX (ASX: ATJ).

Visit www.ATGgroup.com.au for more information

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