TALIUS GROUP LIMITED — Director's Dealing 2008

Oct 21, 2008

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ASX ANNOUNCEMENT

Date 22 October 2008

Substantial Shareholder Notices and Replacement 3Y (Change of Director’s Interest Notice)

Following a review, the attached substantial shareholders have now become aware of changes in their holding percentages. Attached are substantial shareholder notices, and a replacement 3Y (Change of Director’s Interest Notice).

The information in the substantial shareholder notices reflects what has been previously announced to the market in Change of Director’s Interest Notices on 10 September 2008.

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 Substantial Shareholder Notices and Replacement 3Y

Form 604 Corporations Act, 2001 671B

Notice of change in interests of substantial holder

To: Company Name/Scheme:[Advance Ener][gy][ Ltd ]

ACN/ARSN [111 823 762 ]

1. Details of substantial holder[(1)]

ANTHONY NELSON SHORT and FAY HOLDINGS PTY LTD

Name

ACN/ARSN (if applicable) 062 426 699 (Fay Holdings)

There was a change in the interests of the substantial holder on 9 September 2008 The previous notice was given to the company on 6[th] June 2006.

The previous notice was dated 6[th] June 2006.

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate[(2)] had a relevant interest[(3)] in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities(4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power(5)	Person's votes	Voting power(5)
Ordinary	8,674,002	13.51%	16,458,599	13.85%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change(6)	Consideration given in relation to change(7)	Class and number of securities affected	Person's votes affected
Sept 08	Short Nominees Pty Ltd	Rights Issue	$98,214.24	1,227,678 Ordinary fully paid	ANTHONY NELSON SHORT
Sept 08	Fay Holdings Pty Ltd	Rights Issue	$523,639.20	6,545,490 Ordinary fully paid	ANTHONY NELSON SHORT
Sept 08	Cumberland Investments (WA) Pty Ltd	Rights Issue	$0.08	1 Ordinary fully paid	ANTHONY NELSON SHORT
Sept 08	Julie Fay Short	Rights Issue	$457.12	5,714 Ordinary fully paid	ANTHONY NELSON SHORT
Sept 08	Perry Nelson Short	Rights Issue	$457.12	5,714 Ordinary fully paid	ANTHONY NELSON SHORT

Page 1 of 3

FORM 604 NOTICE OF CHANGE OF SUBSTANTIAL SHAREHOLDER

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest(6)	Class and number of securities and Person’s votes
				Ordinary Shares
Short Nominees Pty Ltd	Short Nominees Pty Ltd	Short Nominees Pty Ltd		2,946,428 Ordinary fully paid
Fay Holdings Pty Ltd	Fay Holdings PtyLtd	Fay Holdings Pty Ltd		13,476,740 Ordinaryfully paid
Cumberland Investments (WA)PtyLtd	Cumberland Investments (WA)PtyLtd	Cumberland Investments (WA) PtyLtd		3 Ordinary fully paid founder shares
Julie Fay Short	Julie Fay Short	Julie Fay Short		13,714 Ordinary fully paid
Suzie Fay Short	Suzie Fay Short	Suzie Fay Short		8,000 Ordinary fully paid
Perry Nelson Short	Perry Nelson Short	Perry Nelson Short		13,714 Ordinary fully paid

5. Changes in association

The persons who have become associates[(2)] of, ceased to be associates of, or have change the nature of their association[(9)] with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
ShortNomineesPtyLtd	15 JohnStreet CottesloeWestern Australia 6011
FayHoldingsPtyLtd	15 JohnStreet CottesloeWestern Australia 6011
CumberlandInvestments (WA)PtyLtd	15 JohnStreet CottesloeWestern Australia 6011
Julie Fay Short	15 John Street Cottesloe Western Australia 6011
Suzie Fay Short	15 John Street Cottesloe Western Australia 6011
Perry Nelson Short	15 John Street Cottesloe Western Australia 6011

Signature

print name Anthony Nelson Short

capacity Director Fay Holdings Pty Ltd and in own right

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date 21 October 2008

Page 2

FORM 604 NOTICE OF CHANGE OF SUBSTANTIAL SHAREHOLDER

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Law.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

(a) any relevant agreement or other circumstance because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Law.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Page 3

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme ADVANCE ENERGY LTD ACN/ARSN 111 823 762

1. Details of substantial holder (1)

Name Gordon Alfred Sklenka and Formaine Pty Ltd ACN/ARSN (if applicable) 009 423 509 (Formaine Pty Ltd)

The holder became a substantial holder on 9 / 09 /08

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class ofsecurities (4)	Numberofsecurities	Person'svotes (5)	Voting power(6)
Ordinary	6,805,357	6,805,357	5.73%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Formaine Pty Ltd	Related Party to Gordon Alfred Sklenka	6,805,357

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
Formaine Pty Ltd	Formaine Pty Ltd	Formaine Pty Ltd	6,805,357 Ordinary fully paid

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Formaine Pty Ltd	September 2008	$304,428.56		3,805,357 Ordinary fully paid

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Formaine Pty Ltd	Related Party to Gordon Sklenka

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address	Address
Formaine Pty Ltd	16 Francis Street, Subiaco WA 6008
Signature print name Gordon Sklenka capacity Director Formaine Pty Ltd and in own right sign here date 21/10 /2008

DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the

• (1) manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to

• throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an

• (5) associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(7) Include details of:

• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a

• (a) copy of any document setting out

• the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany

this form, together with a written statement certifying this contract, scheme or arrangement; and

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or (b) disposal of the securities to

which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write

• (8) "unknown".

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was

• (9) acquired has, or may, become

entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be

included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom

the relevant interest was acquired.

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ADVANCE ENERGY LTD ABN 62 111 823 762

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Anthony Short
Date of last notice	5 September 2008-this is a replacement to the 3Y lodged for Anthony Short on 10 September 2008, and corrects a typographical error contained therein.

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Fay Holdings Pty Ltd, Short Nominees Pty Ltd, Cumberland Investments (WA) Pty Ltd- Mr Short is a director. Also Julie Fay Short (wife), Suzie Fay Short (daughter) and Perry Nelson Short (son).
Date of change	9 September 2008
No. of securities held prior to change Fay Holdings Pty Ltd Short Nominees Pty Ltd Cumberland Investments (WA) Pty Ltd Julie Fay Short Suzie Fay Short Perry Nelson Short	12,507,142 FPO, 4,000,000 31/12/10 options (25 cents exercise price) and 3 Convertible Preference Shares (“CPS”) 2,946,428 FPO 3 FPO 13,714 FPO 8,000 FPO 13,714 FPO
Class	FPO, 31/12/10 Options and CPS

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired Fay Holdings Pty Ltd Short Nominees Pty Ltd Cumberland Investments (WA) Pty Ltd Julie Fay Short Suzie Fay Short Perry Nelson Short	969,598 FPO NIL FPO NIL FPO NIL FPO NIL FPO NIL FPO
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.08 per FPO from non renounceable rights issue
No. of securities held after change Fay Holdings Pty Ltd Short Nominees Pty Ltd Cumberland Investments (WA) Pty Ltd Julie Fay Short Suzie Fay Short Perry Nelson Short	13,476,740 FPO, 4,000,000 31/12/10 options (25 cents exercise price) and 3 CPS 2,946,428 FPO 3 FPO 13,714 FPO 8,000 FPO 13,714 FPO
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Non renounceable rights issue.

• See chapter 19 for defined terms. Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002