Camco - Admission to AIM

Camco International Ltd
24 April 2006


       Camco International Limited announces first day of dealings on AIM

Camco International Limited ('Camco' or the 'Company'), an originator and
co-developer of Carbon Credits, today announces the admission of its ordinary
shares to trading on AIM, a market of the London Stock Exchange plc.

As part of the AIM admission, Camco has raised £24.9m in a placing conducted by
KBC Peel Hunt at 64p per share. At the placing price, Camco has a market
capitalisation of approximately £83m.

Camco co-develops projects that reduce greenhouse gas emissions with a range of
well-capitalised enterprises, such as heavy manufacturers, coal mining groups
and utilities. Camco manages a significant portfolio of Carbon Credits that have
arisen from these emission reduction projects.

Tristan Fischer, Camco's Chief Executive Officer, said: 'Coming to AIM is a
significant milestone for Camco and we are very excited about the future. There
is increasing pressure on companies and countries to reduce greenhouse gases,
and Camco's strong position in the key Carbon Credit supply markets of China and
Russia places us well to develop and innovate further.'

In addition, Fischer added: 'In the three months up to the end of March alone,
several new contracts were signed in China and Russia that increased the gross
portfolio of Camco's Carbon Credits by 16.8 million tonnes, so there is real
scope for taking the business forward.'

Contact:
Camco International Limited
Tristan Fischer, CEO                                          020 7256 7979

Gavin Anderson & Company (for media enquiries)
Ken Cronin/Janine Brewis                                      020 7554 1400

KBC Peel Hunt Ltd
Jonathan Marren/David Anderson                                020 7418 8900



Business Summary:

   • Camco is a significant originator of Carbon Credits, partnering with its
    clients that are typically well-capitalised companies, such as heavy
    manufacturing enterprises, coal mining groups and utilities to source Carbon
    Credits.
   • Camco's key markets are China and Russia, where the Company has
    significant expertise, and which are two of the largest potential sources of
    Carbon Credits. In other regions, Camco is developing business through its
    strategic partners.
   • Camco has originated and/or has a financial interest in 51 projects that
    are expected to generate 97.2 million Carbon Credits. These comprise 71.5
    million Carbon Credits from 36 projects under exclusive contract to Camco
    and a further 25.7 million Carbon Credits from 15 projects in late stage
    negotiation.
   • Camco works together with its clients to convert Carbon Credit
    opportunities into assets of value in international emissions trading
    markets. The Camco proposition seeks to reduce the client's exposure to the
    costs and risks of embarking on what can be an unfamiliar and complex
    process.
   • Camco offers to invest its own experience, expertise and human and
    financial resources to undertake the work necessary to qualify the project
    and to meet some or all of the necessary clean development mechanism ('CDM')
    and joint implementation mechanism ('JI') origination and development costs.
    These may include, inter alia, documentation costs, validation costs,
    verification costs, CDM-EB registration/management fees and third party
    experts' costs.
   • Camco has considerable experience and expertise in proposing new
    methodologies, preparing PDDs and guiding projects through this complex
    regulatory process. To date, an executive of Camco has prepared two new
    Approved CDM Methodologies and a strategic partner of Camco has successfully
    developed one further Approved CDM Methodology.
   • Camco engages its clients depending on their circumstances and has three
    main contractual models which are set out in Carbon Asset Development
    Agreements ('CADAs'): (i) service fee arrangements, (ii) carbon arrangements
    (i.e. the right to receive a percentage of Carbon Credits in specie at no
    cost, or to purchase a percentage of the Carbon Credits at favourable prices
    for its own account) and (iii) project development arrangements. These
    contractual models are adjusted to meet country specific legal and
    regulatory requirements.
   • As well as its own capabilities, Camco maintains strategic partnerships
    in many markets, including its core markets, which make important
    contributions to Camco's capacity to originate and deliver projects. Camco
    uses the network, strengths and resources of these strategic partners for,
    but not limited to, deal origination, technology promotion and for
    additional CDM development support when needed.


The Market

   • Carbon Credits are used to meet compliance targets under the Kyoto
    Protocol and related climate change legislation. In order to mitigate the
    effects of global warming, signatories to the Kyoto Protocol such as Canada,
    the EU15 and Japan, have agreed to reduce their GHG emissions to below 1990
    levels. This can be done by taking domestic action to reduce GHG emissions
    or by purchasing Carbon Credits from qualifying projects in developing
    countries, such as China, under the CDM and in developed countries, such as
    Russia, under the JI programme.
   • The market for Carbon Credits has grown rapidly in recent years and the
    Directors expect that this growth will continue. Up to June 2005, Point
    Carbon estimated that 121 million CERs and ERUs (in aggregate) have been
    transacted. Since then, transactions involving more than 140 million CERs
    and ERUs (in aggregate) have taken place. This suggests a total of over 260
    million CERs and ERUs have been transacted at prices ranging from A2 to A18
    per tonne depending on the contractual arrangements between parties.




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