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XL TechGroup, Inc. (XLT)


Thursday 21 December, 2006

XL TechGroup, Inc.

AgCert trading update

XL TechGroup, Inc.
21 December 2006

Press Release                                                   21 December 2006

                               XL TechGroup, Inc.

                       ('XL TechGroup' or 'the Company')

           XL TechGroup company, AgCert, announces a pre-close update

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, advises that XL TechGroup company, AgCert
International plc ('AgCert'), a leader in the production and sale of
agriculturally derived greenhouse gas emission reductions, has today announced a
pre-close update and significant contract development.

The Board of AgCert is pleased to announce that the company has met the target
set out last September for emission reduction submissions to the UN Executive
Board and, that following successful contract re-negotiations, the profitability
and risk profile of the business have been significantly improved.  Substantial
improvements have been achieved in site efficiency and AgCert's Board
anticipates further gains in overall site performance in 2007 and beyond.
AgCert continues to make progress on its key performance indicators and on the
regulatory front, and the company remains on target to meet all the remaining
delivery obligations.

John Scott, CEO of XL TechGroup, commented on AgCert's trading update: 'AgCert
has made considerable progress in 2006 and has established itself as a dominant,
global player in an exciting industry that is expecting substantial, further
growth.  AgCert heads into 2007 with a significantly reduced risk profile and
the expectation of shortly securing €70 million in additional funding.  We share
AgCert management's confidence about the future and we remain committed

                                    - Ends -

For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky                                                          Tel: +1 321 409 7403
[email protected]                                                           
Chris Munden, Director of Investor Relations                                      Tel: +44 (0) 20 7398 7720
[email protected]

XL TechGroup media enquiries:
Abchurch Communications
Heather Salmond / Gareth Mead                                                     Tel: +44 (0) 20 7398 7700
[email protected]                                         


About XL TechGroup

XL TechGroup is in the business of significant value creation.  Working with
major international corporate and technology partners such as AES, Procter &
Gamble and leading universities, XL TechGroup first identifies global unmet
market needs and then targets and exploits these by the systematic creation of
successful, disruptive technology businesses.  These are built from scratch, and
are then funded and developed by XL TechGroup through to the point of a trade
sale or a stock market listing.

XL TechGroup's unique and proven methodology selects the best opportunities in
order to create one-to-two new companies annually, where each company is
expected to achieve a valuation of at least US$400 million within four years
from its creation.  While an XL TechGroup company might perform a stock market
listing at an earlier point in this four year timeframe, XL TechGroup would
retain its controlling interest and would continue to assist with the company's

XL TechGroup's companies to date are: AgCert International plc (,
TyraTech LLC (, DxTech LLC ( and PetroAlgae LLC.

XL TechGroup has also established GenXL LLC as a joint venture to capture the
value of those prospects that do not quite meet the US$400 million, four year
criteria but still demonstrate considerable potential worth.  Over and above XL
TechGroup's core business model, GenXL will review a significant flow of
opportunities from both XL TechGroup and GEN3 in order to generate new
companies, standalone product lines and technology licensing opportunities or an
appropriate mix of these.

For further information, see

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                  

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