Research Report

KleenAir Systems International plc (`KleenAir' or the `Company') Research Report 18 January 2008 Independent analysts Objective Capital have today issued a research note on KleenAir, a leading provider of vehicle pollution filters, valuing its shares at 25p, a 25% increase to the current Offer price in the market. The report also predicts growth in its business with the potential to more than double its share price to 53p in the years ahead. With the delay in mandated NOx emission reduction for heavy goods vehicles until 2012, KleenAir have refocused its marketing programme on particulate filters, including its Partial-Flow Filter, which is currently securing a market share in the initial phase of London's LEZ (Low Emission Zone) of 12%. Lionel Simons, Chairman of KleenAir, said: "This is the first time Objective Capital have looked at us, so it's good to see they believe the shares are worth a lot more than the current market price. They are absolutely right to have spotted the potential for significant further growth in our business as Low Emission Zones spread to other UK and European cities, but I believe they have underestimated the potential of our Corporate Social Responsibility programme, which I believe will expand our business enormously." For further information please contact: Peter Newell 07786 333 046 peter.newell@kleenairsystems.co.uk Nick Harriss 020 7512 0191 Blomfield Corporate Finance Ltd
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