Trading Statement

Camco International Ltd
07 January 2008


                          Camco International Limited

                                 Trading update


Camco International Limited ('Camco'), a pioneering business in the sustainable
energy and low carbon markets, is pleased to provide a 31 December 2007 year-end
trading update, and announces that it intends to release its results for the
year to 31 December 2007 on 6 March 2008.


The Board and Management of Camco are pleased with the strong performance
achieved in the second half of the year and expect the results to show a
position broadly in line with management expectations.


Highlights


   •Created one of  the world's largest vertically integrated climate change
    groups with the acquisition of ESD
   •Company has now issued/verified to date 2.7m tonnes, comprising 0.8m CERs
    and 1.9m VERs
   •As at 31 December 2007 reported gross portfolio was 149.3m tonnes,
    including new contracts for 9.8m since 31 October 2007
   •38% of portfolio validated (+ 22% since 31 Oct 07)
   •30% of portfolio operational (+ 59% since 31 Oct 07)
   •47% of portfolio commercialised under sell-side ERPAs (+ 41% since Oct 07).
   •Camco's 'in specie' tonnes now total 37.3m
   •Since admission to AIM, 35.3m tonnes has been removed from the reported
    gross portfolio (5.5m since 31 October 2007) due to Camco's prudent approach
    to portfolio management
   •This year, Camco has been awarded both 'Best Project Developer 2007'
    (Point Carbon) and 'Carbon Transaction of the Year' (Environmental Finance)
   •Consultancy revenue continues to grow with strong synergies for the
    carbon credits business
   •Acquisition of 17-year lease at the McCommas Bluff landfill site provides
    the anchor asset for the development of the Climate Leaders Joint Venture



Jeff Kenna CEO said,


'Business development during the last quarter of 2007 was strong and we are
again pleased with the headline growth in the reported contracted portfolio. We
are confident the company is on track with its current business plan (which is
consistent with its AIM Admission business plan) to deliver at least 127m carbon
credits during the first Phase of the Kyoto commitment period. We are also
seeing good synergies from the different parts of the business including
excellent progress in North America.


In 2008 we will progress our carbon portfolio through the registration process,
sell forward our own credits and thereby secure revenues for the next 5 years.
We will develop our carbon partnership business model under which we offer a
complete carbon management service for our clients ranging from carbon
foot-printing, carbon management, project development and credit
commercialisation. We are projecting strong growth in our consulting revenues
next year and further strong synergies across the business.'



The carbon credit (emission reductions) business


Progress since 31 December 2006 has been particularly strong. We are pleased to
announce a net 45% increase in the overall size of the portfolio from 102.9m to
149.3m.


Since admission to AIM, Camco has been reporting to the market prudently. We
take a conservative position on projects based on their early performance - as
they mature delivery risk reduces and our confidence in the projections to 2012
increases. As projects move towards operation and the end of the regulatory
process Camco adjusts its reported contracted portfolio as more certainty about
a project's potential delivery is gained (Camco has been doing so since October
2006).


The company's business plan is to contract 200m carbon credits and deliver 127m
tonnes during the first Phase of the Kyoto commitment period. To date the
company has contracted 184.6m carbon credits and made adjustments to the
portfolio of 35.3m to provide a net reported gross portfolio as at 31 December
2007 of 149.3m. The company is confident it is on track to deliver at least 127m
during the first Phase of the Kyoto period.


The reported contracted portfolio of 149.3m tonnes comprises compliance credits
(CERs and ERUs) and voluntary market offsets (VERs). The contracted portfolio
includes 8.3m VERs. The 141.0m compliance grade credits (i.e. excluding VERs)
within the portfolio are contracted either on a 'cash share' or 'carbon share'
basis.


Carbon share contracts total 101.9m tonnes of which Camco's 'in specie' amount
is 37.3m tonnes. Under these contracts Camco works in partnership with clients
to qualify and commercialise the credits and receives a carbon share which is
either free or purchased at a discounted price. The average purchase price is
€7.25/tonne.


Cash share contracts total 39.1m tonnes. Under these contracts, Camco does not
physically receive any carbon credits but instead earns a commission or share of
the revenue from carbon credit sales.


Sell-side ERPAs are now in place for 69.7m tonnes. 53 m of these tonnes are
under ERPAs that Camco has negotiated between its clients and 3rd party buyers.
16.7m tonnes are under direct ERPAs with Camco (and which form part of its 'in
specie' tonnes).


The progress of these projects through the regulatory and construction process
is set out in the table below.

Progress through stage* (cumulative):     31 Dec 07     31 Oct 07     31 Dec 06

Contracted                                  149.3m        145.0m        102.9m
PDD complete                                107.0m        103.1m         78.0m
Host LoA                                     88.8m         78.2m         43.0m
Validated                                    56.6m       46.3m**         34.1m
Submitted for registration                   41.8m         41.7m          2.8m
Registered                                   30.2m         30.1m          2.8m
1st verification***                          12.3m         11.8m          2.3m

Financed                                    126.8m        118.5m         43.1m
Under construction                           98.6m         94.8m         42.9m
Operational                                  45.3m         28.5m          5.5m

Sell-side ERPA                               69.7m         49.4m         35.8m

Issued/Verified                               2.7m            n/a         0.6m


* Kyoto stage or for VERs equivalent stage

** 31 October 2007, Validated tonnes amended

*** Projects that have been through at least 1 verification process or
equivalent


The Russia and China contracted portfolios have developed well during 2007, and
we have signed our first deals in North America, South East Asia and the
Ukraine. The Camco portfolio is split across the following geographies:

Regional analysis                               31 Dec 07             31 Dec 06

Asia                                              110.3m                 79.0m
ERMEA*                                             37.6m                 23.9m
North America                                       1.4m                    -


*Europe, Russia, Middle East and Africa


The consulting practice


With over 230 new consultancy contracts in the UK, USA, Africa and China, growth
in 2007 was exceptionally strong. This included repeat business and a number of
new corporate clients. Growth sectors were carbon management and sustainable
property developments. ESD has undertaken carbon management reviews for over 150
local authorities, NHS trusts and Universities in the UK.


The Group continues to win innovating work in the sector; for example ESD is
currently working for the Carbon Trust to develop a new publicly available
standard for the carbon labeling of products (see www.carbon-label.co.uk). The
consulting practice has strong synergies with the carbon credits business. This
year synergies include carbon foot-printing in the USA, VER projects in Africa
and the Daxu stoves development project in China which has the potential to
generate 38m credits (not currently reported in Camco's contracted portfolio).


Camco Ventures


Progress was strong with Camco's strategy of a vertically integrated climate
change group offering services and products across the supply chain: The
acquisition of a 17-year lease at the McCommas Bluff landfill site provides the
anchor asset for the development of the Climate Leaders Joint Venture; the
Ventures business is well positioned to contribute high quality land use credits
from 'Earth Carbon' projects again demonstrating the synergies available across
the Group; Bradshaw's Energy Desktop software has now reached 140 installations
in the UK and USA.



Enquiries:


The Camco Group                                             [phone]
Jeff Kenna, Chief Executive Officer
Scott McGregor, Chief Financial Officer


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


Gavin Anderson                                              [phone]
Ken Cronin
Kate Hill
Daniela Stawinoga



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 consulting practice consists of Bradshaw, ECCM, ESD and ESD Sinosphere. It
combines specialist technical, strategic and financial expertise and experience
accrued over two decades to deliver a sustainable low carbon society. We are
positioned to work with our clients to turn climate change liabilities into
economic, social and environmental assets.


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