Issue of Equity

CEPS PLC ("CEPS" or the "Company")                       

                                Issue of Equity                                

CEPS announces that following receipt of a notice to exercise options at an
exercise price of 62.5 pence it has allotted and issued, credited as fully
paid, 25 new ordinary shares of 5 pence each in the Company.

It is expected that dealings in these new ordinary shares will commence on 14
January 2009.

Following admission, the issued share capital of the Company will be 8,314,310
ordinary shares.

Following the exercise, there will be a balance of 1,437,287 existing warrants
to subscribe for ordinary shares of the Company.


For further information contact:

Geoff Martin                     CEPS PLC                               Tel: [phone]    

Liam Murray/Aaron Smyth          Dowgate Capital Advisers Ltd           Tel: [phone]    
                                                                        
Neil Badger                      Dowgate Capital Stockbrokers Ltd       Tel: [phone]    


Further information can be found on the Company's web site, www.cepsplc.com.