First day of dealings

Clean Energy Brazil PLC
18 December 2006

Clean Energy Brazil Plc

('CEB' or 'the Company')

Clean Energy Brazil admitted to AIM

Clean Energy Brazil plc, an investment company with a mandate to invest directly
into Brazil's sugar and ethanol industry, is pleased to announce its admission
to trading on the AIM Market of the London Stock Exchange (which is expected to
occur at 8am today).

Numis Securities conceived and developed the CEB concept, built the management
team, and has backed the company alongside institutional investors. Numis is
also a major shareholder in Temple Capital Partners, which will manage CEB's
funds.

Admission Statistics

Placing Price per Ordinary Share                                              £1

Number of Ordinary Shares in issue on Admission                      100 million

Gross proceeds of the Placing                                       £100 million

Market capitalisation at the Placing Price                          £100 million

Warrants which are also expected to commence trading on AIM at 8am today have
been issued on the basis of 1 warrant for 4 ordinary shares. Placees will also
receive shares in Temple Capital Partners Limited.

Overview

•  An AIM listed investment company, designed to take advantage of the
growth potential and the consolidation opportunities in Brazil's sugar and
bioethanol industry

•  CEB has agreed an initial investment of $137m into a fully integrated
existing sugar/ethanol asset with associated greenfield projects, full due
diligence has been performed and the investment agreement has been finalised

•  CEB is seeking to pay a 5p dividend in respect of the period to 30
September 2007, and is targeting an aggregate IRR of 25% on capital invested

•  CEB's Non-Executive Chairman is Antonio Monteiro de Castro, the current
chief operating officer of British American Tobacco plc

Strategy

CEB proposes to invest in both existing sugar and bioethanol production units
and in new greenfield projects. Investing in new projects will capture the
inherent development premium, whereas acquiring equity in existing assets will
capture immediate cash flows.

The target assets comprise agricultural sugar cane plantations, industrial
milling facilities, sugar and ethanol production facilities, and associated
export logistics infrastructure.

There is significant scale in the sugar cane industry in Brazil; the current
total land dedicated to sugar cane production is approximately 6 million
hectares. However, consolidation in the sector is very rare, most ethanol/sugar
production facilities still remaining family owned and run businesses.

Investment Adviser - Temple Capital Partners

Two leading industry advisors have been brought together by Numis to form one of
the largest teams of professionals working in the sugar/ethanol sector in
Brazil.

•  Czarnikow Sugar: one of the largest physical brokers of sugar in the
world, Czarnikow Sugar dates back to 1861 and is today represented in 11
countries, employing some 130 professionals. Czarnikow Sugar provides mergers
and acquisition advice, trading, hedging, shipping, consultancy and risk
management services. Its key clients include large international corporations,
sugar millers, refiners, and traders around the world.

•  Agrop: a leading sugar cane agronomy outsourcing company in Brazil,
Agrop provides agronomy and agricultural/industrial services for some of the
largest sugar mills in Brazil. The Chief Executive Officer and joint owner
Marcelo Junqueira is a landowner, farmer and shareholder in one of the largest
sugar mill companies in Brazil. The Junqueira family is one of the most well
known and respected 'sugar families' in Brazil.

Rationale: Ethanol/Sugar/Brazil

•  Brazil is the world's largest sugar producer and exporter and is the
lowest cost producer of raw sugar in the world.

•  As a result of the reform of the European sugar regime the directors
believe there will be a sharp decline in EU sugar production and exports,
thereby reducing world sugar supply, and hence benefiting Brazil.

•  Overall demand for Brazilian bioethanol is expected to rise due to the
recent introduction of flex-fuel cars - cars which can run on any mix
of gasoline or ethanol.

•  The directors of the Company believe that the global bioethanol market
is in its infancy, and that high energy prices, environmental concerns and
political pressures will continue to support expansion in the use and
development of biofuels.

Peter Thompson, Chairman of Temple Capital Partners Limited, and Director of
Czarnikow Sugar commented,

'Clean Energy Brazil gives a London equity window on the world leading Brazilian
sugar and ethanol industry. Both the industry and Clean Energy Brazil are facing
enormous growth in demand for their products; they will benefit from the growing
awareness that cars fuelled by ethanol from sugar cane can be part of the
solution to global warming.

To maximise the return to investors we have raised only the money that we
believe we can immediately invest. CEB is seeking to become a major participant
in the Brazilian sector, and has numerous projects under consideration.'

Oliver Hemsley, Chief Executive of Numis commented,

'We continue to set Numis apart as an innovative investment banking business. 
The Numis team conceived and developed the concept of Clean Energy Brazil and
has built the management team.  As partners with Czarnikow Sugar and Agrop we 
look forward to building a company of scale in this growing market.'

Marcelo Junqueira, Founder and CEO of Agrop, and Non-Executive Director of Clean
Energy Brazil commented,

'The sugar cane industry in Brazil is the major player in the international
sugar market, and the world leader in ethanol production. Understanding Brazil's
sugar and ethanol sector at a local, hands-on level is absolutely fundamental to
the success of CEB, and I believe investors have recognised the quality and
depth of the team we have assembled.'

                                                                18 December 2006

Enquiries:

Numis
Andrew Dawber - Managing Director, Corporate Finance               020 7776 1500
Tom Frost - Associate Director, Corporate Finance

Smith and Williamson Corporate Finance
Azhic Basirov - Director                                           020 7131 4000
David Jones - Director

College Hill
Peter Pantlin - Director                                           020 7457 2020
Paddy Blewer

Biographies of key personnel

Antonio Monteiro de Castro - Non-Executive Chairman of CEB
Antonio is the chief operating officer of British American Tobacco plc, a
constituent of the FTSE 100 index. In addition, Antonio is non-executive
chairman of the Souza Cruz S.A. Administrative Council (one of Brazil's leading
companies), and a director of Fundacao Getulio Vargas, Brazil's foremost
education and research foundation. Antonio has an MBA from Babson College in the
US.

Peter Thompson - Chairman of Temple Capital Partners, Director of Czarnikow
Peter has 20 years' experience of working in the sugar industry, the last 10
years as a director for Czarnikow. Based in London, Peter typically spends one
week a month in Brazil and is responsible for Czarnikow's Brazilian activities.
He is a fluent Portuguese speaker, and will lead the Temple team in providing
advice to CEB.

Marcelo Junqueira - Founder and CEO, Agrop
Marcelo is the CEO of Agrop. He has spent his entire life in the sugar and
ethanol industry in Brazil, and he is a member of one of the most influential
sugar families in Brazil.

Numis Securities
Numis' New Energy and Emissions sector team is dedicated to developing and
presenting investment opportunities across the renewable energy and emissions
reduction spectrum.


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