THORNEY TECHNOLOGIES LTD — Director's Dealing 2009

Dec 22, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 ABN 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	Mr Julien Phillip Fernand Playoust
Date of last notice	2 December 2009

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 interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Registered holder is Australian Enterprise Holdings Pty Limited of which the director is a discretionary beneficiary
Date of change	23 December 2009
No. of securities held prior to change	90,127,486 fully paid ordinary shares 5,000,000 fully paid ordinary shares (M K Playoust beneficial holding) 40,745,039 unlisted options exercisable at $0.01 2,000,000 unlisted options exercisable at $0.01 (M K Playoust beneficial holding) 5,000,000 unlisted options exercisable at $0.02
Class	Ordinary Shares Unlisted Options
Number acquired	25,000,000 shares 25,000,000 options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$250,000
No. of securities held after change	115,127,486 fully paid ordinary shares 25,000,000 options exercisable at $0.01c 5,000,000 fully paid ordinary shares (M K Playoust beneficial holding) 40,745,039 unlisted options exercisable at $0.01 2,000,000 unlisted options exercisable at $0.01 (M K Playoust beneficial holding) 5,000,000 unlisted options exercisable at $0.02
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Loan conversion as approved at the AGM

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 Nature of interest Name of registered holder (if issued securities) Date of change 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.

Appendix 3Y Page 2

11/3/2002