THORNEY TECHNOLOGIES LTD — Director's Dealing 2005

Aug 7, 2005

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Australian Renewable Fuels Limited
JABN	66 096 782 188

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Max Louis Ger
Date of last notice	3 August 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of direct and indirect interests (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(a)Picola Holdings Pty Ltd is the registered holder of 20,000 Ordinary shares in the Company. Max Ger is sole director and shareholder of Picola Holdings Pty Ltd. (b) Max Ger is the registered holder of the following unlisted options over Ordinary shares in the Company.
Date of change	5/8/05

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	(a)20,000 fully paid Ordinary shares.
	Registered in the name of Picola Holdings
	Pty Ltd.
	(b)75,000 unlisted options exercisable at
	\$0.50 each expiring on 30 November 2009.
	Commencement date when options can be
	exercised is 30 November 2005.
	75,000 unlisted options exercisable at \$1.00
	each expiring on 30 November 2009.
	Commencement date when options can be
	exercised is 30 November 2006.
	75,000 unlisted options exercisable at \$1.50
	each expiring on 30 November 2009.
	Commencement date when options can be
	exercised is 30 November 2007.
Class	(a) Ordinary Shares
	(b) Unlisted options over Ordinary shares.
Number acquired	Unlisted options since acquired by Max Ger;
	100,000 unlisted options exercisable at \$1.13
	each expiring on 30 June 2010.
	Commencement date when options can be
	exercised is 30 June 2006.
	100,000 unlisted options exercisable at \$1.50
	30 each expiring 2010. on June
	Commencement date when options can be
	exercised is 30 June 2007.
	100,000 unlisted options exercisable at \$2.00
	expiring 30 June each on 2010.
	Commencement date when options can be
	exercised is 30 June 2008.
Number disposed	Nil
Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimated valuation

⁺ See chapter 19 for defined terms.

20,000 fully paid Ordinary shares registered
in the name of Picola Holdings Pty Ltd. Held directly by Max Ger; 75,000 unlisted options exercisable at \$0.50 each expiring on 30 November 2009. Commencement date when options can be exercised is 30 November 2005. 75,000 unlisted options exercisable at \$1.00 each expiring on 30 November 2009. Commencement date when options can be exercised is 30 November 2006. 75,000 unlisted options exercisable at \$1.50 each expiring on 30 November 2009. Commencement date when options can be exercised is 30 November 2007. 100,000 unlisted options exercisable at \$1.13 each expiring on 30 June 2010. Commencement date when options can be exercised is 30 June 2006. 100,000 unlisted options exercisable at \$1.50 2010. expiring 30 June each on Commencement date when options can be exercised is 30 June 2007. 100,000 unlisted options exercisable at \$2.00 30 June each expiring on 2010. Commencement date when options can be exercised is 30 June 2008.
Additional unlisted options over Ordinary shares received pursuant to Employee Share Option Plan. Correction of notification on Form 3x re expiry date of certain share options.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change

⁺ See chapter 19 for defined terms.

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.