Share Price Movement

27 August 2013

Renewable Energy Holdings PLC

("REH" or the "Company")

Share Price Movement

REH notes the recent increase in the price of the Company's shares and the recent increase in the value of Carnegie Wave Energy Limited ("Carnegie"), which is traded on the Australian Stock Exchange (ASX:CWE). REH confirms that it retains 101,330,192 shares in Carnegie, representing approximately 6.8 per cent. of the issued share capital of Carnegie.

The Board confirms that the planning application process for Mynydd Y Gwynt, its Welsh asset, is continuing and that the Company continues to explore its options in relation to its Polish asset, Kobylany.

For further information, please contact: