SAFE EFFECT TECHNOLOGIES LIMITED(SAF)

name changed to Advanced Braking Technology Limited

shares reinstated to quotation

company advises that it has received a conversion notice from Claymore Capital Pty Ltd (Claymore) under a convertible note issued by the Company to Claymore dated 28 April 2005 (Convertible Note) - Claymore has elected to convert a further $1,752,680 of debt under the Convertible Note into equity - the Company has today issued 35,053,600 shares to Claymore on trust for various investors at $0.05 per share in accordance with the terms of the Convertible Note - the full face value of $9,000,000 has been advanced under the Convertible Note and as of today, a total $8,052,680 has been converted into equity

the company releases a Notice of Compulsory Acquisition following Takeover Bid regarding its off-market takeover bid for all of the ordinary shares in Safe Effect Technologies International Limited

lodges half yearly report to 31 December 2005

releases a copy of a CEO presentation

the company has commenced legal proceedings against the underwriter to the February 2003 rights issue, Hood Group Holdings Ltd ("Hood Group"), and two former directors, Ms Dorota Kieronska ("Kieronska") and Mr Vincent Morley ("Morle") - the Company is seeking to recover $943,859.00 plus interest from Hood Group, Kieronska and Morley and an additional amount of $366,157.78 plus interest from Morley and Kieronska - the Company's total claim is for $1,310,016.78 plus interest

the company has applied to ASIC and been granted a 15 day extension of time in which to lodge its half year financial report, director's report and auditor's report for the half year ending 31 December 2005 - under section 320(1) of the Act, the Company's half year reports are due on or before 16 March 2006 - the proposed extension will allow lodgement to be postponed until 31 March 2006

company announces that it has issued and allotted 46,447,119 shares to accepting SETI shareholders pursuant to the Takeover - despatch of the holding notices for these shares will occur on 2 March 2006 - SETL will now proceed under section 661A of the Corporations Act 2001 to compulsorily acquire all outstanding SETI shares - the company also applies for the quotation of an additional 140m shares

company advises that Safe Effect Technologies Limited's (SETL) off-market takeover bid (Offer) for all of the ordinary shares in Safe Effect Technologies International Limited (SETI) closed at 5pm (WST) on 22 February 2006 - SETL announces that it has received acceptances for 92.89% of SETI's shares - the Company is working towards meeting ASX's requirements within the next 7 days in order for the Company's shares to be reinstated to official quotation

company advises that at the Annual General Meeting of shareholders today all resolutions were passed on a show of hands

company advises that in reference to the Safe Effect Technologies Limited's (SETL) off-market takeover bid (Offer) for all of the ordinary shares in Safe Effect Technologies International Limited (SETI), the Offer is due to close on 22 February 2006 and it cannot be extended beyond this date

company provides a commercial update

company lodges its annual report

issues a supplementary bidder's statement in relation to the off- market takeover bid dated 23 February 2005 by Safe Effect Technologies Limited (SETL) for all of the shares in Safe Effect Technologies International Limited (the Offer has now been extended to 22 February 2006)

applies for the quotation of additional securities - 10,463,238 shares and 10,550,000 options

company advises that on 3 November 2005 it commenced legal proceedings against London Partners Australia Pty Ltd (Subject to Deed of Company Arrangement) ("London Partners") in which it seeks to obtain an order from the court cancelling 10,000,000 fully paid ordinary shares registered in February 2002 in the name of London Partners

company advises that at the Annual General Meeting of Shareholders all resolutions were passed on a show of hands

lodges first quarter cash flow report showing a deficit at operating level of $1345k

lodges half year accounts

lodges notice of Annual General Meeting to be held on 1 November 2005 at 10.00am

lodges preliminary final report

company advises of the appointment of Ken Johnsen as chief executive officer of the Company

board of Safe Effect Technologies Limited advises that as at today's date acceptances have been received representing 90.49% of the issued ordinary shares in Safe Effect Technologies International Limited - the bid is still conditional upon the relisting of Safe Effect Technologies Limited, and the directors of Safe Effect Technologies Limited advise their intention, subject to the above condition being satisfied, is to compulsorily acquire the remaining shares in Safe Effect Technologies International Limited

grants convertible note to Calymore Capital Limited

cash flow report shows a deficit of about $800,000 for the quarter and a negative cash position of more than $200,000 at quarter end, supported by credit standby arrangements

company advises that consultancy agreements between Mr Vin Morley and Australis Panoptic Technologies Pty Ltd, a Company which provides the services to the Company of Dr Dorota Kieronska amongst others, are due to be concluded as of 22 May 2005

lodges half yearly report - it shows a lot of red ink!!

lodges Target's statement and independent experts report - SAF directors naturally recommend that shareholders accept the Safe Effect Technologies Limited offer for their Safe Effect Technologies International Ltd shares

Safe Effect Technologies Limited offers 1 new ordinary share in itself for every 1.84 Safe Effect Technologies International Limited shares

lodges annual report and releases offer document to acquire all the shares in Safe Effect Technologies International Limited

company advises market of a negative operating cash flow of $609,000 during the quarter to 31 December 2004 and remaining cash of $232,000 at the end of the quarter

shares suspended from quotation