AGM Statement

EcoSecurities Group - AGM Statement
21 May 2009

                       EcoSecurities Group plc

                            AGM Statement

Dublin, Ireland - EcoSecurities Group plc ('EcoSecurities' or the
'Group'), one of the world's leading companies in the business of
sourcing, developing and trading carbon credits from greenhouse gas
emission reduction projects, will hold its Annual General Meeting in
Dublin, Ireland today at 09:00 am. At the meeting Mark Nicholls,
Chairman, will give the following update on trading:

During 2009, EcoSecurities has continued to make progress as follows:

  * Revenue recognised in respect of 3,375,000 CERs (600,000 of which
    were previously planned to be delivered subsequent to 30 April
    2009) and 258,000 VERs in the four month period ended 30 April
    2009 (4,539,000 CERs and 523,000 VERs for the year ended
    31 December 2008).
  * Issuance from the pre-2012 CER portfolio was 791,000 CERs net to
    EcoSecurities in the four month period ended 30 April 2009
    (791,000 CERs for the year ended 31 December 2008).
  * The policy of forward sales has resulted in contracted future
    revenues of ¤414m at 30 April 2009 with an associated Net Trading
    Margin of ¤172m (contracted future revenues of ¤461m with an
    associated Net Trading Margin of ¤201m at 28 February 2009).
  * The weighted average sale price of the forward sales was
    ¤13.60 per CER and the acquisition price of the pre-2012 CER
    portfolio was ¤8.12 per CER at 30 April 2009 (forward sales
    ¤13.66 per CER and acquisition price ¤7.85 per CER at 28 February
    2009).
  * On a net basis to EcoSecurities at 30 April 2009, the pre-2012
    CER portfolio's 155 registered projects are capable of producing
    40 million CERs (127 projects and 35 million CERs at 31 December
    2008), representing 40% (34% at 31 December 2008) of the Group's
    portfolio.
  * Of the registered projects, projects capable of producing
    30 million CERs for EcoSecurities are already operational
    (26 million CERs at 31 December 2008).
  * CER issuances currently anticipated for 2009 remain in line with
    our expectations.
  * Control of administrative expenses has remained tight and
    expenditure is running in line with budget.
  * Cash balance at 30 April 2009 of ¤53.0m (¤38.7m at 31 December
    2008) including ¤3.5m of restricted cash (¤0.1m at 31 December
    2008). Inventory on hand of ¤14.6m comprising 850,000 CERs and
    2,338,000 VERs (¤29.2m of inventory comprising 1,710,000 CERs and
    2,122,000 VERs at 31 December 2008).

*     The Group's contracted projects and portfolio of pre-2012 CERs
  on a net basis can be analysed as follows:

                                     30 April 2009   28 February 2009
Project cycle landmark (cumulative   No. of  Million  No. of  Million
values)                             projects  CERs   Projects  CERs
Contracted                            453      135     466      140
Due diligence                          77      35       81      36
Portfolio                             376      100     385      104

Operational stage:
Financed                              343      89      339      89
Construction started                  330      86      336      87
Operation started                     206      49      220      51

CDM stage:
PDD complete                          291      73      289      71
Submitted to validation               269      68      265      68
HNA obtained                          251      68      243      66
Validated                             177      49      167      46
Submitted to registration             175      49      165      46
Registered                            155      40      133      35
Verified                               35      13       32       7
Issuing                                31       6       31       6



Mark Nicholls, Chairman of EcoSecurities, commented: "The progress
that EcoSecurities made in the second half of 2008 continues in 2009
with deliveries of CERs to forward sale counterparties being made as
planned.   CER issuances currently anticipated for 2009 remain in
line with our expectations. EcoSecurities has continued to control
its cost base and has maintained a healthy cash balance. This
positions us well for the future."



CDM = Clean Development Mechanism, the provision of the Kyoto
Protocol that governs project level carbon credit transactions
between developed and developing countries.

CER = Certified Emission Reduction, carbon credits created by Clean
Development Mechanism projects.  One CER corresponds to 1 tonne of
CO2e emission reductions.

HNA = Host nation approval.

Net Trading Margin = The resulting gross profit on the sale of CERs
less the direct purchase cost.

PDD = Project design document.

VER = Voluntary or Verified Emission Reduction, carbon credits
created by emission reduction projects. One VER corresponds to 1
tonne of CO2e emission reductions.


                              - Ends -


For further information, please contact:

EcoSecurities Group plc        [phone]
Bruce Usher, CEO
Adrian Fernando, COO
James Thompson, CFO

RBS Hoare Govett Limited       [phone]
Justin Jones
Hugo Fisher

Citigate Dewe Rogerson         [phone]
Kevin Smith
Ged Brumby


About EcoSecurities:

EcoSecurities is a world leading company in the business of sourcing,
developing and trading carbon  credits. EcoSecurities structures  and
guides greenhouse gas emission reduction projects through the project
cycle, working  with both  project developers  and buyers  of  carbon
credits.
EcoSecurities has experience with projects in the areas of  renewable
energy, agriculture and urban waste management, industrial efficiency
and forestry. With a network  of offices and representatives in  over
25 countries on six continents, EcoSecurities has amassed one of  the
industry's  largest  and  most   diversified  portfolios  of   carbon
projects.
Utilising its highly diversified portfolio, EcoSecurities is able  to
structure carbon credit  transactions to fit  any buyers' needs,  and
has executed transactions with both private and public sector  buyers
in Europe, North America and Japan.
Working at the forefront of carbon market development,  EcoSecurities
has been involved  in the development  of many of  the global  carbon
market's most important milestones, including developing the  world's
first  CDM  project  to  be  registered  under  the  Kyoto  Protocol.
EcoSecurities has been at  the forefront of  most of the  significant
policy and scientific developments in this field.
EcoSecurities Group plc is  listed on the  London Stock Exchange  AIM
(ticker ECO).
Additional information is available at www.ecosecurities.com.

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