Holding(s) in Company

Clean Energy Brazil PLC
20 December 2007


TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1) Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

CLEAN ENERGY BRAZIL PLC

(2) Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights (Yes)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify):

(3) Full name of person(s) subject to the notification obligation:

Stark Offshore Management, LLC as investment Manager to Stark Master Fund, Ltd.
and Stark Global Opportunities Management, LLC as investment manager for Stark
Global Opportunities Master Fund, Ltd.

(4) Full name of shareholder(s) (if different from (3)):

Stark Master Fund, Ltd. and Stark Global Opportunities Master Fund, Ltd.

(5) Date of the transaction and date on which the threshold is crossed or
reached (if different):

18 December 2007

(6) Date on which issuer notified:

19 December 2007

(7) Threshold that is crossed or reached:

25%

(8) Notified details:

A: Voting rights attached to shares
+------------+---------------------------+---------------------------------------------------------+
|Class/type  |Situation previous to the  |Resulting situation after the triggering transaction     |
|of shares   |Triggering transaction     |                                                         |
+------------+-------------+-------------+-------------+--------------------+----------------------+
|if possible |Number of    |Number of    |Number of    |Number of Voting    |% of voting rights    |
|using the   |Shares       |Voting Rights|Shares       |Rights              |                      |
|ISIN code   |             |             |             |                    |                      |
+------------+-------------+-------------+-------------+-----------+--------+-------------+--------+
|            |             |             |             |Direct     |Indirect|Direct       |Indirect|
+------------+-------------+-------------+-------------+-----------+--------+-------------+--------+
|IMOOB1FPZP63|Stark Master |Stark Master |Stark Master |Stark      |N/A     |Stark Master |N/A     |
|            |Fund Ltd     |Fund Ltd     |Fund Ltd     |Master Fudn|        |Fund Ltd     |        |
|            |             |             |             |Ltd        |        |             |        |
+------------+-------------+-------------+-------------+-----------+--------+-------------+--------+
|            |28,784,013   |28,784,013   |33,784,013   |33,784,013 |        |24.884%      |        |
+------------+-------------+-------------+-------------+-----------+--------+-------------+--------+
|            |Stark Global |Stark Global |Stark G.obal |Stark      |        |Stark Global |        |
|            |Opportunities|Opportunities|Opportunities|Global     |        |Opportunities|        |
|            |Master Fund  |Master fund  |Master fund  |Opporunties|        |Master Fund, |        |
|            |Ltd          |Ltd          |Ltd          |Master Fund|        |Ltd          |        |
|            |             |             |             |Ltd        |        |             |        |
+------------+-------------+-------------+-------------+-----------+--------+-------------+--------+
|            |995,987      |995,987      |1,259,145    |1,259,145  |        |0.927%       |        |
+------------+-------------+-------------+-------------+-----------+--------+-------------+--------+

B: Financial instruments
+------------------------------------------------------------------+
|Resulting situation after the triggering transaction              |
+----------------+------------+-----------+-------------+----------+
|Type of         |Expiration  |Exercise / |Number of    |% of      |
|Financial       |Date        |Conversion |voting rights|voting    |
|Instrument      |            |Period /   |that may be  |rights    |
|                |            |Date       |acquired is  |          |
|                |            |           |the          |          |
|                |            |           |instrument is|          |
|                |            |           |exercised /  |          |
|                |            |           |converted    |          |
+----------------+------------+-----------+-------------+----------+
|N/A             |            |           |             |          |
+----------------+------------+-----------+-------------+----------+
|                |            |           |             |          |
+----------------+------------+-----------+-------------+----------+

Total (A+B)
+------------------------------------+------------------------------------+
|Number of voting rights             |% of voting rights                  |
+------------------------------------+------------------------------------+
|Stark Master Fund - 33,784,013      |24.884%                              |
+------------------------------------+------------------------------------+
|Stark Global Opportunities Master   |0.927%                               |
|Fund Ltd - 1,259,145                |                                    |
+------------------------------------+------------------------------------+
|Totals = 35,043,158                 |Total = 25.811%                     |
+------------------------------------+------------------------------------+

(9) Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Proxy Voting:

(10) Name of the proxy holder:

N/A

(11) Number of voting rights proxy holder will cease/acquire to hold:

N/A

(12) Date on which proxy holder will cease/acquire to holding voting rights:

N/A

(13) Additional information:

N/A

(14) Contact name:

Beatriz Kanitz Meldrum

(15) Contact telehpone number:

[phone]





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