LBB.L Regulatory News (LBB)

6 May 2008 07:02

Greenhouse Fund Limited (The)06 May 2008 The Greenhouse Fund Limited ("Greenhouse" or the "Fund") First commercial shipment of Molectra product The Directors of Greenhouse (AIM:GHF) are pleased to announce, following on fromthe contract win announced on 10 March 2008, that last week Molectra AustraliaPty Ltd ("Molectra" or "the Company") shipped its first batch of equineanti-cast strips made from its recycled crumb rubber to the HorseFabulousProducts & Equipment company for distribution across Australasia. Anti-caststrips, which weigh about 4kg each, are produced for the equine market andprotect horses in their stables. Anti-cast strips are a requirement under manyequine insurance contracts. As announced on 15 April 2008, as a result of the conversion into ordinaryshares of all outstanding loans from Greenhouse to Molectra, Greenhouse owns64.3 per cent. of Molectra. Roger Maddock, Non-executive Director commented, "We are delighted to seecommercial production getting underway at Molectra with this first shipment, andthat the anti-cast strips have been so well received by Horse Fabulous. "This is a key step for Molectra, as it marks the Company's transition from itsresearch and development pilot plant phase to a real commercial entity that hasthe potential to become a significant player in the global waste tyre re-cyclingindustry." For further information please contact: Greenhouse Advisor LimitedPaul Gazzard +44 20 7355 7660 Matrix Corporate Capital LLPStephen Mischler +44 20 7925 3393Tim Graham +44 20 7925 7852 Threadneedle Communications Ltd.Graham Herring +44 20 7936 9605 NOTES TO EDITORS About Molectra Molectra was established in 2000 and has developed a sustainable process thatre-cycles and recovers materials including crumb rubber, oil and carbon fromused vehicle tyres. The technology has been developed over the last 10 years andhas won many international awards and prizes during this time, including the2007 DaimlerChrysler Australian Environmental Research Award. About Greenhouse Greenhouse is an AIM quoted Jersey domiciled closed-ended investment companyestablished to invest principally in sustainable environmental technologies tocreate a portfolio of investment holdings in the environmental sector. This information is provided by RNS The company news service from the London Stock Exchange