THORNEY TECHNOLOGIES LTD — Board/Management Information 2011

Aug 29, 2011

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AUSTRALIAN RENEWABLE FUELS LIMITED ABN 66 096 782 188 Level 9, 175 Collins Street Melbourne VIC 3065 TEL: +61 (3) 9663 8222 FAX: +61 (3) 9650 0070

Melbourne, 30[th] August 2011.

ASX RELEASE

BOARD AND MANAGEMENT RESTRUCTURE

At the Board meeting of Australian Renewable Fuels Limited (ASX:ARW) on 29 August, the Directors reviewed the overall long term management structure of the business specifically with regard to the role of Tom Engelsman.

As a result, in order to continue and strengthen the governance of the Company, Australian Renewable Fuels today announces that Andrew White has been appointed Managing Director and Chief Executive Officer of the Company, reporting directly to the ARW Board.

Current Executive Chairman, Tom Engelsman will continue as the Non Executive Chairman of the company until the November 2011 Annual General Meeting and then hand over to Philip Garling as the nominated Independent Non Executive Chairman.

Tom Engelsman will then continue on as a Non Executive Director.

Both Julien Playoust and Michael Costello will continue as Independent Non Executive Directors as per the Company’s announcement to the ASX on 27 June 2011.

Mr Garling’s summary resume follows.

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Mr Philip Garling

Phil is the former Global Head of Infrastructure – AMP Capital Investors. He has 25 years experience in Infrastructure Construction, Development, Operations and Investment Management, including Chief Executive Officer of Tenix Infrastructure. Prior to that he was a long term Senior Executive at Lend Lease Corporation culminating in his role as Chief Executive of Lend Lease Capital Services, the Development Capital, Infrastructure Development and Project Finance arm of Lend Lease Capital.

Phil is a former member of the Federal Government Environment Industry Action Agenda, and a former Councillor of Environment Business Australia. Phil has a Bachelor of Building from the University of NSW. He also completed an Advanced Management Program at the Australian Institute of Management and an Advanced Diploma from the Australian Institute of Company Directors and is a fellow of the AICD.

Phil was the foundation Chair and remains a Director of the ASX listed DUET Group Limited.

For more information, please contact: Andrew Metcalfe, Company Secretary Phone: +61 3 9820 3802 Email: andrew@accosec.com

300811 - Board and mgt restructure

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