Offer Update

EcoSecurities Group plc ("EcoSecurities")

                            Offer Update


On  the  4  August  2009,   the  Board  of  EcoSecurities  wrote   to
EcoSecurities Shareholders advising them why the Board considers that
the offer of 77 pence per  Ordinary Share made by Guanabara  Holdings
B.V. (the "Offer") is  wholly inadequate and  why it recommends  that
all EcoSecurities Shareholders reject the Offer.

The Board of EcoSecurities notes the announcement today by  Guanabara
Holdings B.V. ("Guanabara") of the low level of acceptances  received
in relation  to  the  Offer.   In particular,  the  Board  notes  the
negligible level of acceptances  received from parties not  connected
to Guanabara,  which amount  to only  0.02 per  cent. of  the  issued
ordinary share capital of EcoSecurities.

The  Board   highlights  that   EcoSecurities  Shareholders   holding
23,536,621   ordinary   shares    of   EcoSecurities,    representing
approximately  19.9%  of  the   issued  ordinary  share  capital   of
EcoSecurities, have irrevocably undertaken to reject the Offer.

The Board  of EcoSecurities  further notes  that the  Offer has  been
extended and will remain open  for acceptance until the next  closing
date, being 3.00pm (Dublin time) on 2 September 2009.

The Board  continues  to recommend  that  EcoSecurities  Shareholders
reject the Offer by taking no action in response to the Offer and, in
particular, that EcoSecurities Shareholders do not complete the  form
of acceptance that they have received from Guanabara.

A further announcement will be made if and when appropriate.

                              - Ends -

ENQUIRIES:


RBS Hoare Govett                                [phone]
Justin Jones
Hugo Fisher


Citigate Dewe Rogerson                          [phone]
Kevin Smith






The directors of EcoSecurities accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the directors of EcoSecurities (who have
taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with the
facts and does not omit anything likely to affect the import of such
information.

RBS Hoare Govett Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting
exclusively for EcoSecurities and no one else in connection with this
matter and will not be responsible to anyone other than EcoSecurities
for providing the protections afforded to clients of RBS Hoare Govett
Limited nor for providing advice in relation to this matter, the
content of this announcement or any matter referred to herein.

Under the provisions of Rule 8.3 of the Takeover Rules, if any person
(other than a "recognised intermediary") is or becomes "interested"
(directly or indirectly) in 1 per cent. or more of any class of
"relevant securities" of EcoSecurities, all "dealings" in any
"relevant securities" of EcoSecurities (including by means of an
option in respect of, or a derivative referenced to, any such class
of "relevant securities") must be publicly disclosed in accordance
with Rule 2.9 of the Takeover Rules, including the details set out in
Rule 8.6 of the Takeover Rules, by no later than 3.30pm (London time)
on the London business day following the date of the relevant
transaction. This requirement will continue until the date on which
the offer becomes, or is declared, unconditional as to acceptances,
lapses or is otherwise withdrawn or on which the "offer period"
otherwise ends. If two or more persons "act in concert", to acquire
an "interest" in "relevant securities" of EcoSecurities, they will be
deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Takeover Rules, all
"dealings" in "relevant securities" of EcoSecurities by the offeror
or EcoSecurities, or by any of their respective "associates", must be
disclosed by no later than 12.00 noon (London) on the London business
day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed, can be found on
the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. The
Irish Takeover Panel also provides an appropriate form for any
disclosures under Takeover Rules 8.1 or 8.3.

'Interests in securities' arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the
price of securities. In particular, a person will be treated
as having an 'interest' by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.

Terms in quotation marks are defined in the Takeover Rules, which can
also be found on the Irish Takeover Panel's website. If you are in
any doubt as to whether or not you are required to make a disclosure
under Rule 8, you should consult the Irish Takeover Panel.

In addition to copies of the documents listed as available for
inspection in EcoSecurities' response circular to the Offer dated 4
August 2009, a copy of this announcement will be available for
inspection at the offices of Matheson Ormsby Prentice, 70 Sir John
Rogerson's Quay, Dublin 2 during normal business hours on any weekday
(Saturday, Sunday and public holidays excepted) whilst the Offer
remains open for acceptance.

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.