SPRINTEX LIMITED — Capital/Financing Update 2009

Jan 4, 2009

5 January 2009

ASX ANNOUNCEMENT

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ATG signs exclusive Chinese distribution agreement for Sprintex Supercharger

Sprintex Supercharger is patented low emission, high fuel efficiency automotive component

Leading Australian clean automotive technology company Automotive Technology Group (ATG) (ASX: ATJ) is pleased to announce that it has signed an agreement with leading Chinese automotive distribution group, Huachuang Zhenxin Automobile Technology Development Co. Limited (Huachuang) for the exclusive distribution of ATG’s Sprintex Supercharger products in China.

The agreement will give Huachuang the exclusive rights to market and sell ATG aftermarket automotive products including its patented low emissions, high fuel efficiency Sprintex Supercharger in China, Hong Kong, Macau and Taiwan.

Under the terms of the agreement, Huachuang will purchase a minimum of 5000 ATG supercharger kits during the first 24 months of the agreement and a minimum of 5000 more supercharger kits in the last 12 months of the term. Any remaining superchargers from the first 5000 units (in the initial 24 months) may be carried over to the final 12 moths of the agreement. The agreement is for a period of 36 months.

The supercharger kits will initially be developed by ATG at its state of the art Perth facilities and will then be delivered to Huachuang for final fitting and conversion to Chinese specifications. ATG will provide all necessary technical support, which will include; installation training, accessories development training, and Electronic Control Unit timing training.

The agreement will also see Huachuang undertake the development of supercharger kits. All supercharger kits developed by Huachuang will include an ATG Sprintex Supercharger. Huachuang will also implement a marketing plan to promote the ATG products in each country covered under the agreement.

ATG Executive Director – Corporate Steven Apedaile said the Company was delighted with the agreement with Huachuang, as it continued to reinforce the growing appeal of ATG’s Sprintex Supercharger in major global markets to achieve lower emissions and greater fuel efficiency in motor vehicles and motorcycles.

“China is a massive and growing automotive market and we see a major opportunity for the Sprintex Supercharger product as a standard component in the manufacture of new vehicles as well as in the after sales market,” Mr Apedaile said.

Huachuang’s primary business is the wholesaling and retailing of automotive parts and accessories, among other products, in China and ATG is of the view that the agreement will provide its products with great reach and exposure in the Chinese market.

Huachuang ‘ s General Manager Joe Li said that Huachuang Zhenxin Automobile Technology was the domestic leader in the production and sales of turbochargers in China, where it had 60% of auto-performance modification market.

“Based on our experience in the Chinese market, we now look forward to a highly successful longterm relationship with ATG to distribute the Sprintex supercharger in the Greater China region and the rest of the Asian market, and our aim is to become number one in the supercharger market in China,” Mr Li said.

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ATG is currently developing systems for various Original Equipment Manufacturers (OEMs) automotive products and has successfully applied its patented Sprintex Supercharger to the Harley Davidson Vrod and Ducati Monster motorcycles, highlighting the application of Supercharging to the motorcycle industry as well as the automotive Industry.

The agreement with Huachuang comes after ATG entered into an agreement with leading United Arab Emirates (UAE) motor vehicle distribution group, Al-Futtaim Motors, earlier in the month to investigate the exclusive distribution of ATG’s supercharger products in the UAE region.

ENDS

For further information please contact;

Steven Apedaile James Moses Director Media and Investor Relations Automotive Technology Group Mandate Corporate Ph: +61 8 9262 7277 Ph: +61 420 991 574 E: stevea@atggroup.com.au E: james@mandatecorporate.com.au

About Automotive Technology Group

Automotive Technology Group Limited (ATG) listed on the ASX in May 2008.

ATG is the designer and manufacturer of the patented low emissions, high fuel efficiency Sprintex supercharger product range. The Company’s vision is to be a leading developer and manufacturer of innovative green automotive technologies to the world market, in particular in the manufacturer of superchargers.

ATG also manufactures and supplies Vee Two specialist and performance parts for all Ducati and certain models of Harley-Davidson motorcycles.

The Company operates from a specialist research and development facility in Perth, Western Australia.

Visit www.ATGgroup.com.au for more information.

About Huachuang Zhenxin Automobile Technology Development Co. Limited

Huachuang Zhenxin Automobile Technology Development Co. Limited (Huachuang) is the leader in the production and sales of turbochargers in China, where it has a 60% share of the turbocharger auto modification market.

It was formed from an alliance between Uniwat and Huachuang Technology Co. Uniwat has a strong depth of experience in the auto tuning sector, with 32 large-scale auto tuning shops.

Huachuang has rapidly expanding product lines and is constantly improving product performance via its relationships with major tuning shops and the domestic car-modification market in general.

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