THORNEY TECHNOLOGIES LTD — Major Shareholding Notification 2012

Jan 19, 2012

TIGA TRADING PTY LTD ABN 95 118 961 210

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone +61 3 9921 7171 Facsimile +61 3 9921 7100

20 January 2012

BY ASX ONLINE - 4 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Notice of change of interests of substantial holder Australian Renewable Fuels Limited [ASX:ARW]

Following is a Form 604 Notice of c hange of interests of substantial holder dated 20 January 2012 in accordance with section 671B of the Corporations Act 2001 (the Act).

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To: company name/scheme AUSTRALIAN RENEWABLE FUELS LIMITED ACN/ARSN ABN 66 096 782 188

1. Details of substantial holder

Name TIGA Trading Pty Ltd ACN 118 961 210 (TIGA) and each of its related bodies corporate listed in the attached Schedule “A” to this notice, Jasforce Pty Ltd ACN 007 167 173, and Early Force Pty Ltd ACN 103 134 363.

ACN (if applicable) As above

There was a change in the interests of the substantial holder on 16/01/12 The previous notice was given to the company on 28/10/11 The previous notice was dated 28/10/11

2. Previous and present voting power

The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	**Voting power **	Person’s votes	**Voting power **
FullyPaid Ordinary Shares	166,269,499	9.28%	250,406,735	11.18%

3. Changes in relevant interests

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

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person’s votes affected
31-Oct-11 through 21-Nov-11	TIGA	On market purchases	At market prices	16,816,159 ordinary shares	TIGA
15-Dec-11	TIGA	Option conversion	$0.01 per share	19,791,811ordinary shares	TIGA
	Jasforce			11,201,958 ordinary shares	Jasforce
16-Dec-11 through 20-Jan-12	TIGA	On market purchases	At market prices	35,827,689 ordinary shares	TIGA
18-Jan-12	TIGA	Placement covering lapsed and unexercised ARWO options	$0.01 per share	499,619 ordinary shares	TIGA

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Registered holder of securities	Person entitled to be registered as holder	Person entitled to be registered as holder	Nature of relevant interest	Class and number of shares	Person’s votes
TIGA Trading Pty Ltd	UBS Nominees Pty Ltd		TIGA		Beneficial Owner	215,502,819 ordinary shares	215,502,819
Thorney Investment Group Australia Pty Ltd	UBS Nominees Pty Ltd		N/A		By virtue of section 608 of the Corporations Act 2001	215,502,819 ordinary shares	215,502,819
Early Force PtyLtd	Early Force Pty Ltd		Early Force Pty Ltd		Beneficial Owner	17,500,000 ordinaryshares	17,500,000
Jasforce Pty Ltd	Jasforce Pty Ltd		Jasforce Pty Ltd		Beneficial Owner	17,403,916 ordinary shares	17,403,916
5. Changes in association The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name Nature of association 6. Addresses The addresses of persons named in this form are as follows: Name Address TIGA TradingPtyLtd Level 39, 55 Collins Street, Melbourne 3000 Thorney Investment Group Australia Pty Ltd ACN 117 488 892 Level 39, 55 Collins Street, Melbourne 3000 EarlyForce PtyLtd Level 39, 55 Collins Street, Melbourne 3000 Jasforce Pty Ltd C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Name		Nature of association
6. Addresses The addresses of persons named in this form		are as follows:
Name				Address
TIGA TradingPtyLtd				Level 39, 55 Collins Street, Melbourne 3000
Thorney Investment Group Australia Pty Ltd ACN 117 488 892				Level 39, 55 Collins Street, Melbourne 3000
EarlyForce PtyLtd				Level 39, 55 Collins Street, Melbourne 3000
Jasforce Pty Ltd				C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141

Signature

Print name CRAIG A G SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 20 January 2012

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This is the schedule referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 20 January 2012.

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......................................... CRAIG A G SMITH ACIS, CPA Secretary

SCHEDULE ‘A’

RELATED BODIES CORPORATE OF TIGA TRADING PTY LTD

Thistle Custodians Pty Ltd 078 027 193, Level 39, 55 Collins Street, Melbourne 3000 Thistle Holdings Pty Ltd, ACN 075 051 464, Level 39, 55 Collins Street, Melbourne 3000 Thorney Holdings Pty Ltd, ACN 006 262 835, Level 39, 55 Collins Street, Melbourne 3000 Thorney International Pty Ltd, ACN 132 886 698, Level 39, 55 Collins Street, Melbourne 3000 TIGA Property Pty Ltd, ACN 117 811 453, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Ballarat) Pty Ltd, ACN 117 812 030, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Doncaster East) Pty Ltd, ACN 118 521 412, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Hawthorn) Pty Ltd, ACN 126 952 663, Level 39, 55 Collins Street, Melbourne 3000 TIGA Tails Pty Ltd, ACN 080 534 416, Level 39, 55 Collins Street, Melbourne 3000