Investment update

RNS Number : 0575K

Clean Energy Brazil PLC

15 August 2012

 

Clean Energy Brazil PLC

("CEB" or the "Company")

Sale of Agricultural Assets-Progress Update

Following the announcement made on 1 June 2012 relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following the installment payment made on 14 August 2012 the amount received to date is USD $5 million in total. The balance outstanding were Uniaclo S/A to make payment in full today is USD $11,815,945. CEB intends to continue to implement its stated strategy of selling its last investment (Unialco M/S), monitoring our costs and returning capital to shareholders.

Further enquiries:

IOMA Fund & Investment Management Limited (Administrator)

Philip Scales                                                                                          Tel: [phone]  

Singer Capital Markets (Nominated Adviser)

Claes Spang                  `                                                                       Tel: [phone]

 

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