Statement re potential offer

Ethanol Investments PLC
11 September 2007


        Ethanol Investments Plc ('Ethanol Investments' or the 'Company')
                                        
                          Statement re potential offer

The Company refers to its announcement made yesterday that provided an update on 
Ethanol Investments' investing strategy and notes the fall today in its share 
price.

The Company reports that it is currently in talks with a third party which may 
or may not lead to an offer being made for the Company.  The current discussions
would suggest that any such offer would be made at a significant premium to the 
closing price on 10 September 2007 of 0.135p.

Further announcements will be made in due course, as appropriate.


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers  (the 
'City Code'), the Company announces that it has the following securities in 
issue:

Ordinary Shares of 0.0025p each (ISIN GB0034042126)    1,402,491,371

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, 
'interested' (directly or indirectly) in 1 per cent. or more of any class of 
'relevant securities' of Ethanol Investments, all 'dealings' in any 'relevant 
securities' of that company (including by means of an option in respect of, or a 
derivative referenced to, any such 'relevant securities') must be publicly 
disclosed by no later than 3.30 p.m. (London time) on the 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acceptances, lapses or is otherwise withdrawn or on which the 'offer period' 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 together pursuant to an agreement or 
understanding, whether formal or informal, to acquire an 'interest' in 'relevant 
securities' of Ethanol Investments, 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 Code, all 'dealings' in 'relevant 
securities' of Ethanol Investments by an offeror or Ethanol Investments, or by 
any of their respective 'associates', must be disclosed by no later than 12.00 
noon (London time) 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, and the number of such securities in
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.

'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 Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose 'dealing' under Rule 8, you should consult the Panel.

Contacts and enquiries:

Ethanol Investments plc
Peter Greensmith, Chairman                    Tel: [phone]

Seymour Pierce
Jonathan Wright, Corporate Finance            Tel: [phone]




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