THORNEY TECHNOLOGIES LTD — Director's Dealing 2005

Aug 2, 2005

Appendix 3X

Rule 3.19A.1

Initial 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
ABN	66 096 782 188

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Max Louis Ger
Date of appointment	12 July 2005

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

75,000 unlisted options exercisable at \$0.50 each expiring on 30 November 2010. Commencement date options can be exercised is 30 November 2005.

75,000 unlisted options exercisable at \$1.00 each expiring on 30 November 2011. Commencement date options can be exercised is 30 November 2006.

75,000 unlisted options exercisable at \$1.50 each expiring on 30 November 2012. Commencement date options can be exercised is 30 November 2007.

⁺ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving rise to the relevant interest.
Picola Holdings Pty Ltd	20,000 fully paid ordinary shares
(Max Ger is sole director and shareholder)

Part 3 – 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
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

$+$ See chapter 19 for defined terms.