MISSION BIOFUELS LIMITED

(ACN: 117 065 719)

Level 8, 50 St Georges Terrace, Perth WA 6000

Tel: +61(0)8 – 9218 9111 Fax: +61(0)8 – 9218 9100

e-mail: peterwilliams@missionbiofuels.com

ONE MISSION : ONE FUEL : BIOFUEL

12th September 2007 Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, Re: BBY Ltd 2007 Cleantech Conference Mission Biofuels Limited has pleasure in attaching a copy of a presentation that will be made by the Managing Director this morning at BBY Limited’s 2007 Cleantech Conference. For and on behalf of MISSION BIOFUELS LIMITED Peter J. Williams Finance Director and Company Secretary

Confidential1

cleaner

tom

orr

ow

green earth

Presentation at

BBY Cleantech

Conference

12 September 2007

Sydney

future

Confidential2

This document has been prepared by Mission Biofuels Limited to provide existing and prospective investors and business

partners of Mission Biofuels Limited with an update.

Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any

commitments, representations or warranties by Mission Biofuels Limited or/and associated entities or its directors, agents

and employees. Except as required by law, and only to the extent so required, directors, agents and employees of Mission

Biofuels Limited shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of

whatsoever nature arising in any way out of, or in connection with, the information contained in the document.

This document includes certain statements, opinions, projections, forecasts and other material, which reflect various

assumptions. The assumptions may or may not prove to be correct. Recipients of the document must make their own

independent investigations, consideration and evaluation of the opportunity to participate in the transaction. By accepting this

document the recipient agrees that if it proceeds further with its investigations, consideration or evaluation of the opportunity to

participate in the transaction it shall make and rely solely upon its own investigations and inquiries and will not in any way rely

upon the document.

Disclaimer

Confidential3

Mission Biofuels’ Business Model

To be a world class integrated producer of

sustainable biofuels

Refinery projects

Malaysia

Oct 2007 100,000 tpa

Aug 2008 350,000 tpa

China JV production 24,000 tpa

India 250,000 tpa Project under

feasibility study

(2009/2010) ?

Feedstock projects

Large scale cultivation of Jatropha –

an inedible oil crop in India

>80,000 acres under plantation

currently; 100,000 acres by end 2007;

250,000 acres by 2010

Agreements in place with micro

farming groups and world class

research groups

Integrated model - to expand refinery capacity in tandem with feedstock

capacity/availability. Expect to achieve 30% Jatropha in Feedstock mix for FY 2008

Confidential4

Listed on Australian Stock Exchange since May 2006 under code ‘MBT’

Pursuant to Capital raising approx. A$ 43 mn

Current market capitalization approx. ~A$ 200 mn (fully diluted as at 17/9/07)

Strong shareholder register

12 month Low:A$0.94 12 month High: A$1.78

Current Price: A$1.25

MBT is fully funded to commence commercial operations of first plant

Alignment of founder interests

o All shares locked-in for 2 years. Approx 25% of share allotments to

founders only on achieving defined financial targets in year ending June

2008

Corporate Snapshot

ParticularsShares

(mn)

Founder Ordinary Shares 44.00

Pre-IPO Ordinary Shares 4.00

Tiger Ordinary Shares 16.00

IPO Ordinary Shares 27.00

Total Ordinary Shares 91.00

Performance Shares** 14.00

Options on Issue*** 5.75

Convertible Notes**** 50.00

Fully Diluted 160.75

Notes

** Performance Shares convert to 14m Ordinary

Shares upon achieving 67% of FY08 EBITDA target

*** Options issued to advisors, non-executive Directors and

the Finance Director (ex price of $1.20,ex date of

January and February 2009)

**** 5 year, 4% Convertible Notes issued at A$1.30 each to

raise A$65 million; completed on 22 May 2007 to fund

construction of 250,000 tpa expansion plant and to expand

upstream feedstock business.. Notes are convertible

anytime at the option of noteholder into equivalent amount

of ordinary shares or at the option of company when share

price for consecutive 90 days exceeds A$1.95.

Key

Institutional

Shareholders

% of issued

shares at IPO

% of Notes

issued

Tiger Global,

NY17.6 % 23.0%

Tudor Capital,

London6.0 % 16.9%

Emerging Sov.

Fund, NY3.3 % 2.6%

Affinity Capital,

Sydney2.7 %

QVT Fund, NY 21.5%

Credit Suisse,

Eu19.2%

Other

institutions3.3 % 16.8%

Market Information

Confidential5

Anticipated Project Timelines

Production of Biodiesel

Production of Feedstock

China Production( tba)

India Production (tba)

First Jatropha supply India

Oct ‘07

Complete

100k acres

planted Jatropha

Dec ‘07

Jatropha to

support

30% of 100k tpa

facility

2008

Jatropha to

support

100% of 350k tpa

facility

2010

Original Prospectus

schedule for 100k tpa

plant

Oct ‘07

Expansion 250k tpa

Aug ‘08

Confidential6

Biofuels – Future Legislation Targets

INDIA

20.0% BY 2020

JAPAN

10.0% BY 2030

KOREA

5.0% BY 2012

THAILAND

10.0% BY 2012

EUROPE

10.0 % BY 2020

FRANCE

10.0% BY 2010

CANADA

10.0% BY 2010

SOUTH AMERICA

5.0% BY 2013

U.S.A

10.0% BY 2016

U.K.

5.0% BY 2010

PHILIPPINES

10.0% BY 2010

SOUTH AFRICA

4.5% BY 2013

More & more countries are introducing legislation to mandate the

use of Biodiesel Source: Company Research

Confidential7

First 100,000 tonne Project Status

Confidential8

Project Overview – First 100,000 tpa facility

Palm Oil

Methanol

Chemicals

Biodiesel

99.7% Pure

Glycerine

Palm Fatty

Acid Distillate

Confidential9

View of completed plant from Tank Farm

Process Plant

Confidential10

Trans-esterification plant mechanically completed.

Commissioning commenced

Inside view of trans-esterification plant

Commissioning of plant expected to be completed in September;First shipment of Biodiesel to commence shortly.

Confidential11

Support Facilities

Glycerine Drumming area

Tank Farm

Confidential12

Tank Farm

Confidential13

Confidential14

Expansion Project Overview

Confidential15

Construction of second refinery of 250,000 tpa at Kuantan Port, Malaysia underpinned by

Strong growth in biodiesel demand in existing and new markets

Off take agreement already in place for 250,000 tpa

Additional off-take agreements are being finalized

Abundant availability of Crude Palm Oil

Supplemented by alternative feedstock availability of Jatropha from India

Full utilisation of existing infrastructure

Common infrastructure shared by the two refineries

Capex of 1.75X for 2nd refinery versus capacity 2.5X as compared to the 1st refinery

(EPS accretive)

Selection of Axens Esterfip-H technology – second generation trans-esterification technology.

Expected to further drive costs down.

Pioneer tax status from Malaysian government ; Funding secured through A$65 mn

convertible note issue to sophisticated investors

Expansion Project

Confidential16

Earthworks Completed

Site Filled & compacted. Piling & Foundation to commence shortly

Confidential17

Mission Biofuels Feedstock Business

Confidential18

Feedstock Strategy

Drivers

• Feedstock is 85% of the input cost in

biodiesel production

• Food crops are insufficient to meet

long term biofuel demands

• Food crop prices fluctuate and are

determined by the food industry

Imperatives

• Substitute with lower cost feedstock

that are sustainable

• Control and hedge feedstock costs

• Move to in-edible energy dedicated

feedstock

• Produce feedstock in marginal and in lower cost environments

• Selected Jatropha Curcas – an in-edible oil bearing crop requiring minimal farm and

water inputs

• Partner with leading R&D organisations TERI & TNAU

• Contract farming though partnerships with organisation with extensive rural reach –

DHAN Foundation, ISAP, Agriwatch

• Further reduce feedstock cost through monetisation of carbon credits

• Funding secured through A$65 mn convertible note issue

Implementation

Confidential19

Possible Feedstock

World Top Ten Other Oil Crops New Oil Crops Animal Fats & UCO

Palm Oil Castor Jatropha Seed Oil Tallow

Soy Bean Oil sesame Mustard Seed oil Butter

Rapeseed Oil linseed Fish Oil

Sunflower Oil Lard

Cotton Seed Yellow Grease

Ground Nut

Palm Kernel Oil

Coconut Oil

Olive Oil

Corn Oil

Confidential20

Approximate Yields of Major Feedstock

Yields of Major feedstock

0 500 1000 1500 2000 2500 3000

Oil Palm

Jatropha

Rapeseed

Soybean

Cotton

Sunflower

Coconut

Cro

ps

Litres of Biodiesel

Litres/acre

Confidential21

Possible………..Ideal Feedstock

US$700

Price

Availability in Tonnes

Palm

Soy

Rape

Coco

Sun

Tallow

Jatropha

Not to Scale

Animated Slide

Jatropha in

5 years

Confidential22

Expanding Presence in India

Maharashtra

Karnataka

Tamil Nadu

Madhya Pradesh

Plantation States

Procurement States

Orissa

Chhatisgarh

Corporate Office Mumbai

Rajasthan

Branch Office

Rapid Progress – from

0 to >80,000 acres in

under 9 months

Confidential23

Own Nurseries Established

Photos of our own nurseries

Confidential24

Potential Upsides from CERs

change CERclimate

Potential Upsides

• engaged renown London based consultant for registration of CERs:-

• Potential CERs from CO2 sequestration from Jatropha

• Potential CERs from Biodiesel made from Jatropha Crude Oil

• final stages for submission of the PDD to UNFCCC for registration

• currently discussing with Consultant for long term off-take arrangements for the

potential CERs

Mission will be planting 250 million trees by 2010, helping to remove

750,000 tons of CO2 annually from the atmosphere

Confidential25

Beyond One Mission

Downstream Opportunities in storage & Distribution

Expansion in Refining & By-products

Feedstock Cultivation

What the future holds......

Confidential26

Nathan Mahalingam

Managing Director

Mission Biofuels Limited

Email: nathan@missionbiofuels.com

Phone: +618 9218 9111

Fax : +618 9218 9100

Mob: +614 23 007 022 (Perth)

Mob:+612 283 1957 (M’sia)

Thank You

Peter Williams

Finance Director/Company Secretary

Mission Biofuels Limited

Email: peterwilliams@missionbiofuels.com

Phone: +618 92189111

Fax: +618 9218 9100