THORNEY TECHNOLOGIES LTD — Director's Dealing 2012

Mar 20, 2012

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 30/09/01 Amended 01/01/11

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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Mr Julien Phillip Fernand Playoust
Date of last notice	12 December 2011

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 Interests
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Fully paid ordinary shares and options held by registered holder AUSTRALIAN ENTERPRISE HOLDINGS PTY LIMITED of which the director is a discretionary beneficiary. (AEH) Options held by JULIEN PF PLAYOUST. Fully paid ordinary shares issued on conversion of options held by MICHELLE K PLAYOUST. (Spouse) Fully paid ordinary shares and options held by J&M PLAYOUST SUPERANNUATION P/L ATF JULIEN AND MICHELLE PLAYOUST SUPERANNUATION FUND (J&M Playoust Super)
Date of change	16 March 2012

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		AEH 191,879,143 Fully paid ordinary shares. 76,751,657 listed options exercisable at $0.01 25,000,000 options exercisable at $0.01 Michelle K Playoust 11,666,666 Fully paid ordinary shares Julien PF Playoust 5,000,000 options exercisable at $0.02 J&M Playoust Super 20million Fully paid ordinary shares 4,666,666 listed options exercisable at $0.01
Class		Fully paid ordinary shares Listed and unlisted Options
Number acquired		Julien PF Playoust 10,000,000 options exercisable at $0.04, expiring 15 March 2015
Number disposed		None
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation		$0.012 per option
No. of securities held after change		AEH 278,000,000Fully paid ordinary shares Michelle K Playoust 12,000,000Fully paid ordinary shares Julien PF Playoust 5,000,000Options exercisable at $0.02. 10,000,000options exercisable at $0.04, expiring 15 March 2015 J&M Playoust Super 40 millionFully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Issue of options pursuant to shareholder approval

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	Not Applicable
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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3