THORNEY TECHNOLOGIES LTD — Capital/Financing Update 2009

Sep 15, 2009

From: AR Fuels

To: 1300135638

16/09/2009 08:56

16 September 2009

The Manager Australian Stock Exchange Limited (ASX) Company Announcements Office $\frac{1}{2}$

AUSTRALIAN RENEWABLE FUELS LIMITED

AUSTRALIAN RENEWABLE FUELS LIMITED ABN 66 GP6 782 188 SUITE 3
18 ANGOVE 5T
NOXTH YEATH WA 6006 FO BOX 119
NORTH PERTH WA 6906 TEI $+61892277688$ FAX. $+ 61892270101$ EMAIL into@artveis.com.az www.grinels.com.au

Dear Sir

Australian Renewable Fuels Limited (ARF) is pleased to confirm the completion of the sale of the Picton property as announced in January 2009 for a net cash benefit of approximately \$2 million. The land sale (completed with Kingslane Pty Ltd of Perth, WA) leaves the company with the ownership of the land under the Picton operating facility, with the residual area being divested.

"The land sale completes the announced financial restructuring of the company" said Chief Executive Tom Engelsman. "With the stated focus on value added opportunities for the business, both in the basic biodiesel business as well as in other related areas, we believe that the company can benefit from the broad renewable energy sector. With a solid installed operating asset base, the company can be part of the extensive carbon reduction industry. At present, ARF has the largest installed production base in Australia"

ARF has a total capacity of 90 million litres of biodiesel fuel per annum, as well as manufacturing certain derivative products. The company has the ability to leverage its products and services into other related sectors, focused on the overall renewable energy and carbon reduction opportunities.

Yours Sincerely,

Tom Engelsman

CEO