THORNEY TECHNOLOGIES LTD — Board/Management Information 2011

May 4, 2011

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AUSTRALIAN RENEWABLE FUELS LIMITED

ABN 66 096 782 188

5 May 2011.

Level 9, 175 Collins Street Melbourne VIC 3065 TEL: +61 (3) 9663 8222 FAX: +61 (3) 9650 0070

Appointment of Directors

The Board of Australian Renewable Fuels (ASX: ARW) is pleased to announce that the strategic development of the company is being further progressed with changes to the Directors of the company. The Board has decided to implement the initial steps of this overall process with the inclusion of two new Directors, namely:

Mr Michael Costello Chief Executive ACTew-AGL

Before his appointment to ActewAGL in 2008, Michael was Managing Director, ACTEW Corporation, a member of the ACTEW Board and a member of the ActewAGL Joint Venture Partnerships Board from 2003.

Michael is a member of the Advisory Council of the Australian National University’s Crawford School of Economics and Government.

Michael was previously Deputy-Managing Director of the Australian Stock Exchange. He was Chief of Staff to the Hon Kim Beazley AC, the former Labor Opposition Leader and to the Hon Bill Hayden AC when he was the Minister for Foreign Affairs. Michael has been the Secretary of the Department of Foreign Affairs and Trade and the Department of Industrial Relations. He has held a number of diplomatic posts including Ambassador to the United Nations.

Michael holds degrees in arts and law. He is a Fellow of the Australian Institute of Company Directors. He received an Order of Australia (AO) in 1996 for international relations.

Mr Philip Garling Global Head of Infrastructure – AMP Capital Investors

Phil 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.

“The addition of these new Directors to the Board will expand the current experience and profile for the Board”, said Mr Rob Scott, Chairman of the Board, “and will further assist the company to reach its goals”. Michael and Phil will strengthen the Governance and Committee structure of the Board, and we are extremely pleased that they have agreed to join us.”

The current changes are part of a review of the Board structure, with this renewal process to be further discussed at the EGM relating to the current strategic acquisition which is expected to be called in the near future.