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SPRINTEX LIMITED Capital/Financing Update 2009

Jan 22, 2009

65799_rns_2009-01-22_d66b3906-4701-4290-bdec-caae7af9290d.pdf

Capital/Financing Update

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23 January 2009

ASX ANNOUNCEMENT

CONVERTIBLE NOTE FACILITY

Automotive Technology Group Limited ( ASX: ATJ ) has entered into a convertible note funding agreement with Almasi Superannuation Fund ( Almasi ).

ATG has issued a $150,000 convertible note to Almasi to provide working capital to the Company.

The Note is convertible at $0.20 per Share on or before 30 June 2010. The interest rate is 8.25%

Jay Stephenson Company Secretary

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).