A Quality Certified Company to ISO9001 G H Varley Pty Limited Varley Holdings Pty Limited Varley Services Pty Limited

Varley Specialised Vehicles Pty Limited Varley Property Pty Limited Varley Electric Vehicles Pty Limited ABN ABN ABN ABN ABN ABN 87 53 84 99 82 43 000 008 062 086 090 124 005 464 906 435 568 264 318 935 352 369 728 035

34 Yarraman Place VIRGINIA QLD 4034 AUSTRALIA Postal: PO Box 548 VIRGINIA QLD 4014 Telephone: +61 7 3865 5099 Facsimile: +61 7 3865 7030 Web: www.varleygroup.com Email: virginia@varleygroup.com

Electric Vehicle Division

MEDIARELEASE
8December2011 VarleyElectricVehiclesPlugsintoElectricVehicleMarketwithIntroductionofthe evR450Supercar
VarleyElectricVehicles,adivisionofTheVarleyGroup,oneofAustraliasoldestandmostrespected specialtyvehiclemanufacturers,haslaunchedtheevR450,anultrahighperformanceelectricsupercar. OfficiallyunveiledinNewcastle,NewSouthWalesatthecompanys125yearanniversarycelebrationon Friday,2December2011,theevR540electricsupercarmarksanewdayinthehistoryofTheVarleyGroup. VarleyrecognisesthemarketpotentialforelectricvehiclesinAustraliaandgloballyandweareinvesting heavilyinthetechnology,saidJohnBettini,ManageroftheElectricVehiclesDivision.Wehavealong standinghistoryofmakingspecialtyvehiclesforarangeofclientsandtodaymarksourentryintothe mainstreammarketwiththisnew,highperformancetechnology. Weaimtoprovideourcustomers,nowandinfuture,withworldclassEVcapabilitiesandproducts.The evR450isourfirstexampleofthis. TheevR450electricsupercarisVarleysfirstvehicleshowcasingleadingelectricdrivetechnology engineeredandmanufacturedinAustralia.Atruehandbuiltsportscar,theevR450isdevelopedona raceprovenaluminummonocoquechassisandpoweredbyitsallelectricACdrivelineandstateoftheart lithiumionbatterypackandpowerelectronics.AttheheartofthedrivelinearepatentedtwinCarbon ironlesscoreACmotorswhichuseproprietaryDynamicOverspeedtoallowgreatmotorflexibilityand performance.ThemotorswerecustomdesignedexclusivelyfortheevRbyUltramotiveTechnologies,and arecomplementedbyTritiumshighlyefficientWavesculptorinverters.Capableofupto96percentpeak efficiency,theevR450drivelineisoneofthemostefficientelectricdrivelinesintheworld. Varleywasimpressedtolearnthatsomeofthebestelectricvehicletechnologistsaredevelopingproducts inourownbackyard,saidBettini.Wedecidedthatwecouldleveragethatinnovationtocomplimentthe highquality,highvolumeengineeringandmanufacturingcapabilitiesatVarleytocultivateanewmarket forelectricvehiclesinAustralia. TheevR450offersracequalityperformanceandboastsa0100kmof3.8secondsandtopspeedof180 kilometresperhour.WhiletheevR450isexpectedtobeavailablesoon,Varleywillbegintakingordersfor itssportvarianttheevS450inJanuary2012.ProvidingsimilarperformancetotheevR,theevS450hasa topspeedof160kilometresperhourandcantravel0100kmin4.6seconds. Bettinioffers,Wewantedtogiveourcustomerstheoptionofasportversionasnoteveryoneis comfortablewitharacespeccarfordaytodaydriving.Wereexcitedthatwecanstarttakingordersfor theevSinJanuarynextyear.

Varley Electric Vehicles

12/8/2011

A Quality Certified Company to ISO9001 G H Varley Pty Limited Varley Holdings Pty Limited Varley Services Pty Limited Varley Specialised Vehicles Pty Limited Varley Property Pty Limited Varley Electric Vehicles Pty Limited ABN ABN ABN ABN ABN ABN 87 53 84 99 82 43 000 008 062 086 090 124 005 464 906 435 568 264 318 935 352 369 728 035

34 Yarraman Place VIRGINIA QLD 4034 AUSTRALIA Postal: PO Box 548 VIRGINIA QLD 4014 Telephone: +61 7 3865 5099 Facsimile: +61 7 3865 7030 Web: www.varleygroup.com Email: virginia@varleygroup.com

BoththeevR450anditssportvariantarepoweredbyahighperformancelithiumionbatterypackanduse nopetrolwhatsoever.Driverswillhaveaccessto24kWhofbatteryenergy,enablingthemtotravelupto 160kilometres(combinedcycle)beforehavingtorecharge. Motoriststodaytendtodrivelessthan40kilometresperday,so160kilometresrangewillbeplentyfor mostdrivers.ThosewantingtotaketheevRforaSundayjoyrideshouldhavenotroubledrivingforafew hours. TheevRcanberechargedineighthoursusingastandard15amppowerpoint,eitherathome,work,orin manypubliccarparks.Varleywillconsiderfasterchargingcapabilitiesinfutureproducts. Wehavedevelopedauniquedesignthatisnotonlyfunctionalandscalable,butwillcreateexcitementand passionintruecarenthusiasts.Wethinkourentryintothesportscarmarketcapturesthespiritofthe traditionalsupercar,butusinghighlyefficientandzeroemissionAustraliantechnology,saidBettini. ### AboutVarleyElectricVehicles: VarleyElectricVehiclesisadivisionofTheVarleyGroup,a125yearoldAustralianproducerofabroad rangeofhighqualityspecialisedvehiclesandengineeringservices.Thelargestproducerofelectricvehicles inAustralia,VarleyElectricVehiclesoffersanexpansivelistofproductsandservicesinelectricdrive technologywithtargetedproductsaswellascapabilityforproductionofcustomvehicles.TheVarley Groupsclientsareoftenrepeatcustomersfromthegovernmentanddefencesectors. FormoreinformationabouttheVarleyevR,visitwww.varleyevR.com. FormoreinformationaboutTheVarleyGroupvisit,www.varleygroup.com. <END> MR121101 MediaEnquiries: JohnBettini +61433833248 john.bettini@varleygroup.com

Varley Electric Vehicles

12/8/2011