24 Sep 2008 13:18
24 September 2008
CLEAN ENERGY BRAZIL PLC
("CEB" or the "Company")
Appointment of Merrill Lynch
Clean Energy Brazil plc, a leading specialist investment company focused on Brazil's sugar cane/ethanol industry, is pleased to announce that it has engaged Merrill Lynch in Brazil to arrange a fundraising exercise for the Company. The proceeds of the fundraising will be used to support and develop CEB's existing investments and/or to make new investments in the Brazilian sugar cane/ethanol sector.
Alvarez & Marsal continues to advise Usaciga (49% owned by CEB) in relation to its funding requirements and a further announcement will be made when appropriate. The Company expects to publish its final results for the year ending 30 April 2008 by the end of October 2008.
Further enquiries:
| Clean Energy Brazil plc Marcelo Junqueira (Chief Executive Officer) | Tel: +55 (0) 11 3556 8750 |
| Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov David Jones | Tel: +44 (0) 20 7131 4000 |
| Numis Securities Limited (Broker) Hugh Jonathan Lee Aston | Tel: +44 (0) 20 7260 1000 |
| Fishburn Hedges (Financial PR Adviser) Andy Berry Michelle James | Tel: +44 (0) 20 7839 4321 ceb@fishburn-hedges.co.uk +44 (0) 7767 374421 +44 (0) 7958 451446 |