Eco (atlantic) Regulatory News (ECO)

11 Feb 2009 17:55

EcoSecurities Group plc

Statement in response to press speculation

The Board of EcoSecurities Group plc notes the recent press speculation and confirms that Bruce Usher has expressed the wish to step down as Chief Executive Officer when a suitable successor is appointed. The Board has engaged an international executive search firm.

Mr Usher, who is stepping down to pursue personal interests, remains fully committed to the Company. He and the Board believe that a new Chief Executive Officer, located close to the head office, will be important in achieving the next stage of the Group's development.

The Board confirms trading is in line with its expectations and expects to report its Preliminary Results for the year ended 31 December 2008 on 12 March 2009.

Contacts:

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Editors' notes

About EcoSecurities

EcoSecurities is a world leading company in the business of sourcing, developing and trading carbon credits. EcoSecurities structures and guides greenhouse gas emission reduction projects through the project cycle, working with both project developers and buyers of carbon credits.

EcoSecurities has experience with projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency and forestry. With a network of offices and representatives in over 25 countries on five continents, EcoSecurities has amassed one of the industry's largest and most diversified portfolios of carbon projects.

Utilising its highly diversified portfolio, EcoSecurities is able to structure carbon credit transactions to fit any buyers' needs, and has executed transactions with both private and public sector buyers in Europe, North America and Japan.

Working at the forefront of carbon market development, EcoSecurities has been involved in the development of many of the global carbon market's most important milestones, including developing the world's first CDM project to be registered under the Kyoto Protocol. EcoSecurities has been at the forefront of all significant policy and scientific developments in this field.

EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO).

Additional information is available at www.ecosecurities.com.