Trading Statement

Camco International Ltd
31 October 2007


                          Camco International Limited

                                 Trading update


The Camco Group, a pioneering business in the sustainable energy and low carbon
markets, is pleased to provide a trading update, including a significant
increase in the contracted project portfolio and is also pleased to report on
progress in its North America practice.


Highlights:


   •The contracted portfolio has grown to 145m from 127m tonnes at end June
    2007.

   •Camco's 'in specie' tonnes have grown from 34m to 37m.

   •Camco's first Carbon Development contract has been signed in North
    America.

   •The Energy Business Awards 2007 Asia has chosen Camco as the Silver Award
    Winner for Excellence in Environmental Markets.

   •Consultancy revenue continues to increase as per management's
    expectations.

   •Good progress has been made on the establishment of new products
    including the Climate Leaders Joint Venture and (Earth Carbon) voluntary
    credits from land use projects.


Camco will be hosting a visit for analysts and investors over the course of the
rest of this week in China, where certain projects will be visited and
presentations given by local management.


The carbon assets (emissions reductions) business


Camco is a leading carbon asset developer with one of the world's largest carbon
credit portfolios. Camco works closely with companies to identify and develop
projects that reduce greenhouse gas emissions and then arrange for the sale and
delivery of carbon credits to international compliance buyers and into the
voluntary market.


Progress since June 2007 month end has been particularly strong in the overall
growth of the portfolio, and Camco is pleased to announce a further net 14%
increase in the overall size of its portfolio.


As the portfolio matures Camco continues to reduce the delivery risks and firm
up its projections to 2012. Camco takes a conservative position on projects
based on their early performance. The net increase of 14% is after a write down
of 3.4%. This write-down is due to a firmer prediction on registered projects
after they have passed 1st verification.


The progress of Camco's projects through the regulatory process is set out in
the table below. These figures are risk adjusted on a project by project basis
according to company risk methodologies.

PDD                                           103.3m (end June 105.8m)

Validation                                    40.5m (end June 44.8m)

LoA                                           78.2m (end June 84.4m)

Submitted for Registration                    11.6m

Registered                                    30.1m (end June 35.0m)

1st verification                              11.8m (end June 16.0m)

Financed                                      118.5m (end June 117.0m)

Under construction/ constructed)              94.8m (end June 93.4m)

Operational                                   28.5m (end June 33.8m)

ERPA                                           49.4m (end June 46.0m)


Recent wins for Camco include a contract to develop a series of wind farms in
China that are expected to produce 3.3m VERs. Camco has also been selected by
Evraz Group, one the world's largest steel and mining companies to be their
preferred carbon developer in Russia, for this project Camco estimate's at least
5m tonnes of carbon reduction potential.


Camco is pleased with the progress its North America practice has made with a
core team established in Colorado. A contract has been signed with a state
government to develop a carbon strategy to reduce emissions in the transport
sector. Camco is in final negotiations with a large energy company with biomass
and coal fired power plants to become the company's exclusive carbon advisor to
develop and implement a carbon plan focused on projects that will reduce GHG and
generate carbon credits.


The consulting practice


The consulting practice combines specialist technical, strategic and financial
expertise and experience accrued over two decades to deliver a sustainable low
carbon society. Camco is uniquely positioned to work with its clients,
leveraging its collective experience to turn climate change liabilities into
economic, social and environmental assets. The consulting practice consists of
Bradshaw, ECCM, ESD and ESD Sinosphere.


Recent projects wins demonstrate strong synergies between the consulting and
carbon assets business. These include Jinshan Zero Carbon feasibility study for
China Merchants Group This will be one of the first zero carbon property
development in China with an estimated 0.5m tonnes carbon saving.


Camco Ventures


Working to realise a sustainable, low carbon economy, Camco Ventures
collaborates with project and technology developers, early stage businesses and
investor groups to commercialise climate change mitigation technologies,
projects and services. Camco provides the management infrastructure, financial
structuring, business planning and technical support required to take each start
up business from inception to commercialisation.


Camco has recently grouped its venture businesses into three sectors a) project
development activities b) new Camco Group services and c) low carbon
technologies.


Jeff Kenna CEO said,


'Business development this quarter has been particularly strong and we are
delighted with the headline growth in the contracted portfolio. We also continue
to improve visibility of delivery, reducing the risk of the portfolio. We are
also seeing good synergies from the different parts of the business coming
through, and great progress in North America.'

Enquiries:

Camco International Limited                          [phone]
Jeff Kenna, Chief Executive Officer
Scott McGregor, Chief Financial Officer

KBC Peel Hunt Ltd (Nominated Adviser)                [phone]
Jonathan Marren
David Anderson

Gavin Anderson                                       [phone]
Ken Cronin/Kate Hill



Notes to editors

The Camco Group is a pioneering business with an outstanding track record in the
sustainable energy and low carbon markets. The Group consists of three business 
segments:

The Camco carbon assets business is a leading project developer with one of the
world's largest carbon credit portfolios. We partner with companies to identify, 
develop and manage projects that reduce greenhouse gas emissions, and then 
arrange the sale and delivery of carbon credits to international compliance 
buyers and into the voluntary market.

The consultancy practice includes ESD, The Edinburgh Centre for Carbon
Management (ECCM), Bradshaw Consulting and ESD Sinosphere. The businesses 
combine specialist technical, strategic and financial expertise and experience 
accrued over two decades.

Camco Ventures works with project and technology developers, early stage
businesses and investor groups to commercialise climate change mitigation 
technologies, projects and services. Part of this business is the recently 
announced Climate Leaders' Joint Venture.


                      This information is provided by RNS
            The company news service from the London Stock Exchange