THORNEY TECHNOLOGIES LTD — Capital/Financing Update 2007

Mar 21, 2007

2000 2000 2000 2000 2000 2000 2000 200

AUSTRALIAN RENEWABLE FUELS LUMTED

AUSTRALIAN RENEWABLE FUELS LIMITED

ARN 66 096 7R2 188

SUITE 1B.LEVEL 5 SOUTH SHORE PIAZZA 85 SOUTH PERTH ESPLANADE SOUTH PERTH WAS 5151

P.O. BOX 837 SOUTH PERTH WA 6951

$T\mathcal{E}f$ +61893633500 $FAX$ 161893633511 E-MAIL Info@arfuels.com.au WER www.arbeis.com.au

22 March 2007

Company Announcements Office Australian Stock Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam.

Issue of Australian Renewable Fuels Limited Shares - Secondary Trading Notice : Notification Pursuant To Paragraph 708A(5)(E) of the Corporations Act 2001 ("Act")

The Board of Directors of Australian Renewable Fuels Limited ("Company") (ASX Code: ARW) is pleased to announce the allotment and issue on 21 March 2007 of 9,000,000 fully paid ordinary shares ("Securities") at an issue price of \$0.35 each raising a total of \$3,150,000 under a placement announced by the Company on 12 March 2007.

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A. By the Company giving this notice, sale of the Securities noted above will fall within the exemption in Section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act: $\mathbf{a}$
• b) as at 22 March 2007, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and Section 674 of the Act; and
• as at 22 March 2007, there is no information that: C)
• $(i)$ has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
• investors and their professional advisers would reasonably require for the purpose of $(ii)$ making an informed assessment of:
  • $1)$ the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
  • the rights and liabilities attaching to the Securities. $2)$

Yours faithfully,

Oma L

Max Ger Finance Director / Company Secretary