TALIUS GROUP LIMITED — Capital/Financing Update 2008

Aug 20, 2008

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ASX ANNOUNCEMENT

Date 21 August 2008

The Company has amended its non renounceable rights issue timetable to allow further time for the funds from non related and non associated sub underwriters, including overseas entities, to clear the Company’s bank account with respect to the portion of the shortfall that is the subject of the subunderwriting commitments by those sub underwriters ( Sub-underwritten Securities ). This will result in part of the shares being allotted and issued on 25 August and the balance being allotted and issued on or before 8 September. An amended prospectus timetable is attached below.

Amended Prospectus Timetable

Closing Date	18 August 2008
Shares quoted on a deferred settlement basis	19 August 2008
Shortfall notification date	20 August 2008
Anticipated date for allotment and issue of the shares (other than Sub-underwritten Securities)	25 August 2008
Anticipated date for despatch of holder statements for shares (other than Sub-underwritten Securities) Last day for Company to confirm to ASX all information required by Appendix 3B	26 August 2008
Deferred settlement trading ends	26 August 2008
Anticipated date of commencement of shares trading	27 August 2008
Anticipated date for allotment and issue of the Sub-underwritten Securities	8 September 2008
Anticipated date for despatch of holder statements for Sub- underwritten Securities (and last day for Company to confirm to ASX all information required by Appendix 3B, including information on Sub-underwritten Securities)	9 September 2008

ADVANCE ENERGY LIMITED Amended Prospectus Timetable

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 Amended Prospectus Timetable ASX CODE: AVD www.advanceenergyltd.com.au

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