LBB.L Regulatory News (LBB)

15 Apr 2008 07:01

Greenhouse Fund Limited (The)15 April 2008 The Greenhouse Fund Ltd ("Greenhouse" or "the Company") Increase in Molectra shareholding The Directors of Greenhouse (AIM:GHF) are pleased to announce that as a resultof the conversion into ordinary shares of all outstanding loans from the Companyto its subsidiary Molectra Australia Pty Ltd ("Molectra"), Greenhouse now owns64.3% of Molectra. The increase has resulted from the conversion of AUD$ 1.7m, loaned to Molectrain a number of tranches since August 2007. All previous loan arrangements havenow ceased. Roger Maddock, Non-executive Director commented, "We are pleased to haveconsolidated the Company's position in Molectra. As a result of recent contractwins and the ongoing development of the business, additional funding will berequired for Molectra. Several different funding options are actively beingconsidered and further announcements will be made in due course." For further information please contact: Paul Gazzard,Greenhouse Advisor Ltd.Tel: 0207 355 7660Email: pg@greenhousefund.co.uk Stephen Mischler / Tim GrahamMatrix Corporate Capital LLP0207 925 3300 Graham HerringThreadneedle CommunicationsTel: 0207 936 9605Email: graham.herring@threadneedlepr.co.uk 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