Vipera Regulatory News (VIP)

28 Mar 2007 15:32

For immediate release: 28 March 2007

ENERGY ASSET MANAGEMENT PLC (the "Company") DIRECTORS' INTERESTS

On 21 March 2005 the Company issued warrants to subscribe for 2,000,000 ordinary shares of which 500,000 such warrants were issued to Chatsford Corporate Finance Limited, a company of which Stephen Barclay and John Shaw are shareholders and John Shaw is a director.

Chatsford Corporate Finance Limited has today transferred 100,000 of such existing warrants for a nominal consideration to each of Stephen Barclay and John Shaw, directors of the Company.

The interests of Stephen Barclay and John Shaw in the ordinary share capital of the Company and warrants of the Company following the transfer described above are as set out below:

Number of Percentage of Number of warrants ordinary shares ordinary shares now held held* in issue * Stephen Barclay 16,122,357 5.8 600,000 Non-executive Chairman John Shaw 9,014,337 3.2 600,000 Non-executive Director

* based on 278,768,383 ordinary shares in issue following the placing announced on 26 March 2007 with trading on AIM expected to commence on 2 April 2007.

For further information, please contact:

Stephen Barclay, Non-executive Chairman

07767 444114Ben Simons, Hansard Group0207 245 1100Gavin Burnell, Ruegg & Co.0207 584 3663