THORNEY TECHNOLOGIES LTD — Capital/Financing Update 2011

Sep 15, 2011

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16 September 2011

The Manager Australian Stock Exchange Limited (ASX) Company Announcements Office

Level 31 120 Collins Street Melbourne Victoria 3000 AUSTRALIA

Phone: +61 (3) 9663 8222 Fax: +61 (3) 9650 0070

Dear Sir/Madam

Statement under section 708A(5)(e)

Australian Renewable Fuels Limited (ASX Code: ARW ) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”) that:

1. On 29 July 2011, ARW issued 13,000,000 fully paid ordinary shares at $0.02 each in connection with a placing to institutional and sophisticated investors (“Placing Shares”);

2. The Placing Shares were offered without disclosure to investors under Part 6D.2 of the Act;

3. As at the date of this notice ARW has complied with:

4. a. The provisions of Chapter 2M of the Act as they apply to ARW; and

5. b. Section 674 of the Act;

6. As at the date of this notice, there is no information that is “excluded information” of the type referred to in section 708A(7) and section 708A(8) of the Act.

7. Yours faithfully

Andrew Metcalfe Australian Renewable Fuels Limited