TALIUS GROUP LIMITED — Capital/Financing Update 2008

Aug 24, 2008

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ASX ANNOUNCEMENT

Date 25 August 2008

Options Rights Issue and Placement

The Board of Advance Energy Limited has resolved to proceed with a non renounceable rights issue of options on a three for four basis, at an issue price of one cent ($0.01) per option and with an exercise price of 15 cents ($0.15) per option on or before 31 October 2010. The total number of shares on issue upon finalisation of the Company’s current non renounceable rights issue will be 118,798,455 (subject to rounding), resulting in a maximum number of rights issue options being issued of 89,098,841. This option issue will apply to shareholders registered as at the record date, which will be announced as soon as possible.

The Board has also resolved to make an additional placement of options, upon the same terms and subject to shareholder approval, to sophisticated investors. The number of placement options will be the maximum allowed under ASX Listing Rules which require that the number of options on issue cannot exceed the number of ordinary shares on issue. The placement options will rank pari passu with the rights issue options detailed above.

It is the intention of the board to list the options on ASX and that the issues will be fully underwritten. Funds raised will be used to retire debt and for working capital purposes.

A timetable and further documentation will be announced in due course.

Should all the rights issue and placement options be exercised by the expiry date the Company will raise in the order of $15 million.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary) Telephone: 08 9486 1122 Facsimile: 08 9486 1011

ABOUT ADVANCE ENERGY LIMITED

Advance Energy Limited is focused on the acquisition and development of oil and gas producing assets in Texas USA. The company aims to acquire assets with a combination of debt and equity that have current production and cash flow and to enhance production and cash flow through the further development of these assets. Once a property has reached its full productive potential and/or has achieved economic payout to Advance Energy, the Company looks to on sell all or part of its interest. It is the aim of the Company to develop a portfolio of assets which will be developed and traded to maximise returns on funds invested.

ADVANCE ENERGY LIMITED Option Rights Issue and Placement