Structured CER Sale

EcoSecurities Group plc 21 December 2007 EcoSecurities and Credit Suisse announce completion of structured CER sale of over 5 million tonnes Dublin, 21st December, 2007: EcoSecurities, a leading company in the business of sourcing, developing and trading carbon credits from greenhouse gas emission reduction projects around the world, and Credit Suisse, one of the world's leading banks, announce the completion of a structured sale of over 5 million Certified Emission Reductions ("CERs"). The jointly developed structure holds the rights to credits from a diverse pool of Clean Development Mechanism ("CDM") projects, all of which have been developed by EcoSecurities. This innovative structure meets demand from market participants for exposure to different levels of CER delivery risk. The structure has been designed so that buyers benefit from EcoSecurities' CDM expertise and a geographically and technologically diverse portfolio, without incurring on-the-ground development and transaction costs. Credit Suisse is Transaction Manager and supports the delivery of a portion of CERs, thereby enhancing the structure's credit profile. Credit Suisse also provided key structuring expertise as well as distribution and marketing through its global client base. This joint effort significantly enhances EcoSecurities' commercialisation efforts by providing an approach for marketing large volumes of CERs at attractive price points to credit worthy counterparties. This transaction is a significant step for the two companies as they look to co-operate on a broad range of emission reduction origination and trading opportunities around the world. It is the intention of both EcoSecurities and Credit Suisse to create further novel structures utilising different portfolios of compliance projects. Bruce Usher, CEO of EcoSecurities, commented, "This groundbreaking transaction reinforces our position as market pioneers, by providing an efficient solution for buyers to acquire CERs to meet compliance obligations, at prices that reflect their appetite for risk. Buyers will benefit from the unique combination of high-quality CER projects from EcoSecurities' portfolio with Credit Suisse's credit rating and experience in structuring and transaction management. " Paul Ezekiel, Head of Carbon Trading at Credit Suisse, said, "The exceptional demand by CER buyers for this transaction reinforces our belief that this type of structure provides significant value to buyers globally. We expect to develop further innovative structures to meet this demand in the near future." -Ends- For further information please contact: EcoSecurities Group plc Rachel Mountain, Global Marketing Manager +44 (0) 1865 202 635 Credit Suisse Jack Grone, Corporate Communications +44 (0) 20 7888 6499 Bruce Corwin, Corporate Communications (US) +1 212 325 0932 Citigate Dewe Rogerson +44 (0) 20 7638 9571 Kevin Smith / Ged Brumby Editor's Notes: About EcoSecurities: EcoSecurities is one of the world's leading companies in the business of originating, developing and trading carbon credits. EcoSecurities structures and guides greenhouse gas emission reduction projects through the Kyoto Protocol, working with both project developers and buyers of carbon credits. EcoSecurities works with companies in developing and industrialising countries to create carbon credits from projects that reduce emissions of greenhouse gases. EcoSecurities has experience with projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency, and forestry. With a network of offices and representatives in 36 countries on five continents, EcoSecurities has amassed one of the industry's largest and most diversified portfolios of carbon projects. EcoSecurities also works with companies in the developed world to assist them in meeting their greenhouse gas emission compliance targets. Utilising its highly diversified carbon credit portfolio, EcoSecurities is able to structure carbon credit transactions to fit compliance buyers' needs, and has executed transactions with both private and public sector buyers in Europe, North America and Japan. Working at the forefront of carbon market development, EcoSecurities has been involved in the development of many of the global carbon market's most important milestones, including developing the world's first CDM project to be registered under the Kyoto Protocol. EcoSecurities' consultancy division has been at the forefront of significant policy and scientific developments in this field. EcoSecurities has been recognised as the world's leading greenhouse gas advisory firm over the last five years by reader surveys conducted by Environmental Finance Magazine. EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at www.EcoSecurities.com. Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 47,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Investment Banking In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 26 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services. This information is provided by RNS The company news service from the London Stock Exchange
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