Admission to AIM

Zareba PLC 19 April 2006 Quadrise Fuels International plc ('Quadrise' or 'the Company') formerly Zareba plc First Day of Trading The Board of Quadrise is pleased to announce that, earlier today, the enlarged share capital of the Company was admitted to trading on AIM and accordingly, the acquisition of Quadrise International Limited by Zareba plc in a reverse takeover has been completed. The ordinary shares of Quadrise will trade under the current TIDM of 'ZBA' until the close of trading today and, thereafter, under the TIDM 'QFI'. Since the publication of the admission document in March 2006, the Company is pleased to be able to report progress in the development of the business. Our Canadian associate, Quadrise Canada Fuels Systems Inc., has closed its first commercial scale contract for the manufacture and use of MSAR fuel for steam generation in a new heavy oil field production development project in Alberta and has further projects under active negotiation. Our affiliate, Quadrise Fuels US LP, has been formed recently in Delaware, USA and initial financing for the US activity is planned for the second quarter of 2006. Preliminary negotiations have started on two potential offshore manufacturing sites to supply MSAR fuels for the US market. Concept design and costing for the Quadrise on-site heavy oil separator has now been completed by an international engineering contractor and cost estimates are within expectations. The Company is now well placed to finalise offer terms and progress negotiations on processing and supply contracts currently under discussion. Ian Williams, Executive Chairman, commented, 'The completion of the reverse takeover represents a significant milestone for Quadrise and our shareholders. We now have the resources and the capability to accelerate the commercial application of MSAR fuels technology and aggressively pursue our early development objectives. We are confident that the Quadrise MSAR fuels business will create substantial value owing in part to the economic benefits it offers to the thermal power generation industry. Conversion from certain traditional hydrocarbon feedstocks to MSAR fuels will also contribute to lower emissions.' Bill Howe, Chief Executive, commented, 'Our Quadrise MSAR fuels business has substantial global market potential. This transaction and the support of shareholders position the Company to actively pursue partnerships in new markets while also moving to close deals currently in varying stages of negotiation. Strong growth in international electrical power demand is set to continue. We have the ability to offer very meaningful savings in thermal power generation costs while also adding to the supply of valuable light oils for transportation fuels. We hope to be informing shareholders of further progress over the course of the coming year.' For further details please contact: Ian Williams/Bill Howe 020 7550 4930 Quadrise Fuels International plc www.quadrisefuels.com Azhic Basirov 020 7131 4000 Smith & Williamson Corporate Finance Limited Victoria Thomas 020 7493 3713 Parkgreen Communications 19 April 2006 Notes to Editors: - Quadrise was admitted to trading on AIM on 19 April 2006 following a reverse takeover transaction. - The Company holds a portfolio of managed, affiliate and associate interests all of which are engaged in developing business activities associated with the manufacture and marketing of Quadrise MSAR fuels. - MSAR is a liquid fuel consisting of very fine oil particles dispersed in a water carrier effectively producing a pre-atomised fuel. This enhances concepts previously used in emulsified fuels, enabling superior carbon burnout, improving thermal efficiency and reducing emissions. - Quadrise has access to an in-house team of commercial and technical experts who are experienced in the oil and energy business with contracted specialist consultants who are experts in the energy, oil and power generation sectors and in the specialised field of emulsion fuels processing, marketing and combustion. - Quadrise has access to opportunities through the established relationships in the energy and oil industries and markets world wide of Masefield Energy Holdings AG, its largest shareholder. It can also draw on specialist services from group affiliates, on arms' length market terms, covering oil procurement and operations, price and freight risk management, transaction financing and other trading related activities. - By using only the very heavy residues derived from processed crude oils, the use of Quadrise MSAR fuels enables the release of the valuable lighter oil fractions for processing into high value transportation fuels like diesel and jet fuels. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Quadrise (QED)
UK 100