QFI.L Regulatory News (QFI)

9 Dec 2005 07:01

Zareba PLC09 December 2005 Zareba plc ("Zareba" or "the Company") The Company announces that it has appointed Smith & Williamson Corporate FinanceLimited as its nominated adviser and joint broker with immediate effect. The Company entered into heads of terms with Masefield Energy Holdings AG on 18November 2005 to acquire the entire issued share capital of QuadriseInternational Limited ("the Proposed Transaction"), a Masefield group companywhich holds the rights to MSAR (TM) fuel processing technology. MSAR (TM) is anemulsion fuel used for steam and power generation, produced from low value oilresidues. The Proposed Transaction is subject to due diligence and financingbeing made available to the Company and if it were to proceed would constitute aReverse Takeover under the AIM Rules. In connection with the Proposed Transaction, James Burgess, a director of theCompany, has agreed to underwrite a financing of £250,000 at a price of 1.75pper Zareba ordinary share. In addition, Masefield Energy Holdings AG hasagreed, as part of the Proposed Transaction, to procure substantial additionalfunding for Zareba to enable it to meet the transaction terms and to develop thenew business. Masefield Energy Holdings AG is the major shareholder in Nautical Petroleum plc,a specialist North Sea heavy oil production development company. Further details of the Proposed Transaction will be announced in due course whenit has sufficiently progressed. For further details please contact: John Woolgar 07813 818 241 (m)Zareba plc 01483 890004 (o) Ben SimonsHansard Communications 020 7245 1100 Azhic BasirovSmith & WilliamsonCorporate Finance Limited 020 7131 4000 9 December 2005 This information is provided by RNS The company news service from the London Stock Exchange