4 April 2005

AEC PROSPECTUS OFFER

The Board of Advanced Engine Components Limited (“AEC” or “the Company”) is pleased to announce that the Prospectus Offer for $3.5 million has closed fully subscribed.

For further information in relation to these matters, please contact either:
• Mr Graham Keys (Chairman) on 61 8 9324 8555; or
• Mr Tony Middleton (Managing Director) on 61 8 9209 6900

Yours faithfully

SIMON STORM
COMPANY SECRETARY

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