TALIUS GROUP LIMITED — Capital/Financing Update 2012

Dec 13, 2012

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ASX ANNOUNCEMENT

13 December 2012

Option Entitlement Offer – Deferred to January 2013

The Board of Advance Energy Limited (Advance or Company) has resolved that, due to the forthcoming holiday period, it will defer the 1 for 1 entitlement offer of options until January 2013 when shareholders will have a better opportunity to consider and participate in the offer.

A revised timetable and Appendix 3B will be released to the market once timings have been finalized.

Update on Ukrainian Activities

Since acquiring its interests in the Ortynytska and Balochnya projects in Ukraine, Advance has embarked on a period of significant project preparation with a view to re-entering the Ortynytska Prospect in the second quarter of 2013.

The Company has been provided with a large amount of additional material by its partners in the Ukraine and its technical advisory team requires more time to properly evaluate these projects.

Therefore the company has decided to defer drilling operations until a clear forward plan has been delineated and a full analysis of additional technical information has been evaluated.

The Company’s forthcoming entitlement offer is the least dilutive but most effective capital raising for the company during this evaluation period and will raise up to $1.023m. The proceeds will be used to fund evaluation of both the existing drilling prospects but to also evaluate reserve based acquisitions in the current areas of interest.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) Telephone: 08 9429 2900 Facsimile: 08 9486 1011

ADVANCE ENERGY LIMITED Deferral of Entitlement Offer and Update on Operations ASX CODE: AVD www.advanceenergyltd.com.au