THORNEY TECHNOLOGIES LTD — Major Shareholding Notification 2011

Jul 17, 2011

UBS AG Australia Branch ABN 47 088 129 613 PO Box 4151 Sydney NSW 2001 Tel. +61-2-9324 2000

www.ubs.com

18 July 2011

Company Announcements Office Australian Stock Exchange

ASIC Class Order [CO 11/272]

Dear Sir / Madam,

In accordance with the changes detailed in ASIC Class Order [CO 11/272] Substantial shareholding disclosure: securities lending and prime broking, UBS AG, and its related bodies corporates, makes the disclosure attached.

We note the amendments and exemptions to the reporting requirements of the substantial shareholding provisions of Chapter 6C of the Corporations Act 2001, as set out in CO11/272, have resulted in changes to the discloseable holdings of UBS AG and its related bodies corporates'.

Please contact the undersigned should you require any further information in relation to this notice.

UBS AG

$H K.P$

Andrew Jones Head of Compliance UBS AG, Australia Branch

فهيدا

Ann Tran Compliance Officer UBS AG, Australia Branch

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme	AUSTRALIAN RENEWABLE FUELS LIMITED 096 782 188
ACN/ARSN
. Details of substantial holder (1)
Name	UBS AG and its related bodies corporate
ACN/ARSN (if applicable):
The holder ceased to be a substantial shareholder on		14 July 2011
The previous notice was given to the company on		10 May 2011
The previous notice was dated		6 May 2011

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of Change (4)	Consideration aiven in relation to change (5)	Class (6) and Number of securities affected	Person's votes affected
14 July 2011	UBS AG, Australia Branch	Class order relief available under ASIC Class Order ICO 11/2721 *	N/A	121,059,110 Ordinary	121.059.110
14 July 2011	UBS AG, London Branch	Class order relief available under ASIC Class Order ICO 11/2721 *	N/A	620,000 Ordinary	620.000
	* ASIC has given class order relief under [CO 11/272] so that a prime broker with a borrowing right must defer the time at which it takes into account its relevant interest arising from that borrowing right for the purposes of substantial holding disclosure compliance to the time at which it exercises that borrowing right.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Details of all UBS offices can be found through the following link: http://apps.ubs.com/locationfinder

SIGNATURE

Print Name:	Boris Lo	Capacity:	Authorised signatory
Sign Here:		Date:	16 July 2011
Print Name:	So Young Kim	Capacity:	Authorised signatory
Sign Here:		Date:	16 July 2011

Contact details for this notice:

Tiffany Leung Legal & Compliance

(T) +852 2971 8042

(F) +852 2971 7895