Change of Adviser

For immediate release

12 January 2012

Alternative Energy Limited

("Alternative Energy" or "the Company")

Change of Broker

The Company announces that, with effect from 31 December 2011, Beaufort International Associates Limited ceased to act as joint broker to the Company. Beaumont Cornish Limited remains the Company's sole broker.

ENDS

For further information please see the Company's website: www.alternativenergy.com.sg or please contact:

Alternative Energy Limited

Eric Goh, Director +65 9060 1355

Richard Lascelles, Director +44 (0) 20 7408 1067

Beaumont Cornish Limited

Nominated Advisor and Broker

Roland Cornish and James Biddle +44 (0) 20 7628 3396