LBB.L Regulatory News (LBB)

2 Aug 2007 07:00

Greenhouse Fund Limited (The)02 August 2007 For immediate release 2 August 2007 The Greenhouse Fund Ltd ("Greenhouse" or "the Company") Molectra wins environmental award The Directors of Greenhouse (AIM:GHF) are pleased to announce Molectra AustraliaPty Ltd ("Molectra"), its 58% owned subsidiary, has won the 2007 DaimlerChryslerAustralian Environmental Research Award. The Award is given for research that has made a significant contribution toresolving environmental problems. The judges explained that Molectra'stechnology demonstrated global sustainability by removing used tyre waste fromthe environment and creates valuable, useful and environmentally beneficialproducts from all components of the tyre, thus extending the lifecycle of thematerials beyond tyres. Greenhouse Vice-Chairman Brian Sheeran commented, "We are delighted that Molectra has received yet another award in recognition ofits environmental technology. This is further validation of the sustainablebenefits Molectra brings to the waste tyre issue, and ensures the best possiblestart for the commercialisation of the technology as its expansion and scale upcontinues." For full details of the award please see the Greenhouse Fund website or forfurther information please contact: Paul Gazzard,Greenhouse Advisor Ltd.Tel: 0207 355 7660Email: pg@greenhousefund.co.uk Charles Ryland/Ben WilleyBuchanan Communications0207 466 5000Email: charlesr@buchanan.uk.comEmail: benw@buchanan.uk.com Evolution SecuritiesFergus Marcroft/ Stuart Andrews0207 071 4300 This information is provided by RNS The company news service from the London Stock Exchange