Result of EGM

16 May 2008 10:57

For immediate release

16 May 2008

ALTERNATIVE ENERGY LIMITED ("the Company")

Proposed Share Buy-Back Mandate and

Proposed Share Issue Mandate

The Directors of the Company are pleased to announce that at the Extraordinary General Meeting of the Company held on 16 May 2008, all resolutions relating to matters set out in the Notice of the meeting were duly passed.

Contacts:

Christopher Nightingale, Chairman Tel: +65 6532-2122

Richard Lascelles, Director Tel: +44 207 408 1067

Roland Cornish, Beaumont Cornish Limited Tel: +44 207 628 3396