TALIUS GROUP LIMITED — Capital/Financing Update 2008

Aug 19, 2008

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ASX ANNOUNCEMENT

Date 20 August 2008

Non Renounceable Rights Issue Shortfall

The Company confirms that 26,105,493 shares, amounting to $2,088,439, have been taken up through entitlements pursuant to the non renounceable rights issue. This leaves a shortfall of 23,393,863 shares, amounting to $1,871,509, to be put to the underwriter and sub underwriters.

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 Shortfall Notification