EAS.L Regulatory News (EAS)

For immediate release 5 September 2013

Energy Assets Group plc

("Energy Assets" or the "Group")

AGM and Trading Update

Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial ("I&C") gas metering services in the UK, will be holding its Annual General Meeting at 9.30 am today at Numis Securities, 5th Floor, The London Stock Exchange Building, 10 Paternoster Square, London, EC4M 7LT.

Chairman, Dr Chris Masters, will be making the following statement to shareholders:

"2013 was a successful year for the Group with continued increases in revenue and profits. Trading in the current financial year continues to improve on the prior year and is on course to deliver anticipated levels of growth in line with management expectations and the commentary provided in our Interim Management Statement issued on 24 July 2013.

We continue to expand our metering portfolio and increase market share in line with our primary strategy. The metering portfolio owned and managed was c.89,000 assets at 31 July 2013, which is a 10% improvement since the year end and a 27% increase over the 12 months since 31 July 2012. The Group's metering assets are now spread across 28 gas suppliers who represent over 80% of the UK I&C gas market by volume of gas supplied.

We continue to seek to offer market leading technologies to our clients and our partnership with Elster and the development of absolute encoder technology for the UK I&C gas market is progressing well. We also remain confident of gaining new work with other major gas suppliers. 

The business outlook for 2013/14 remains positive and the Group remains well positioned to take advantage of the opportunities arising from regulatory changes in the UK I&C gas market and the desire of end-user consumers to improve the efficiency of their energy usage.

We look forward to updating shareholders further following the publication of our Half Year Report for the six months ending 30 September 2013, anticipated to be released on 12 November 2013.

Enquiries

For further information visit www.energyassets.co.uk or contact:

Notes to Editors:

Energy Assets provides gas metering and related services in the I&C segment of the UK gas market and is the largest independent provider of I&C gas metering services in the UK (by number of meters under management). The Group offers gas suppliers and end-user consumers of gas a broad spectrum of metering services from the provision and management of new and replacement meters through its MAM Services division to the procurement and project management of related gas infrastructure works and the collection and provision of gas consumption data through the Group's Siteworks and AMR divisions.