Agreement with Asia Pacific Fuel Cell Technologies

Acta S.p.A.

("Acta" or "the Company")

Development and Supply Agreement

Signed with APFCT for

Light Electric Vehicle Refuelling System

Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce that it has signed a Development and Commercial Supply Agreement ("the Agreement") with Asia Pacific Fuel Cell Technologies Ltd ("APFCT") for the development and supply of light electric vehicle refuelling stations using Acta's award-winning hydrogen generating technology.

Under the Agreement Acta will support APFCT to integrate Acta's hydrogen generation stack technology into APFCT's current electrolyser-based refuelling system for light electric vehicles including fuel cell scooters. Thereafter, Acta will supply the stacks and related control electronics to APFCT for the production of refuelling systems.

APFCT has selected Acta's stack technology after successful evaluation tests were completed over the last few months and following the supply of the electrolyser and stack units by Acta earlier in the year. APFCT plans to expand its production rapidly within the global scooter market, where currently over 50 million units are produced per annum of which 75% are sold in China, India and South East Asia.

The parties have already begun the joint commercialisation of the system, and under the terms of the Agreement, APFCT has committed to the purchase of a minimum of 375 stack units over the first eighteen months from certification, which is expected to be completed within the first quarter of 2012, to maintain exclusivity for the application. Based upon the size of stack units to be purchased and the current product pricing, the purchase commitment is expected to have a minimum revenue value to Acta of €700,000 to €900,000 during 2012 through to the end of 2013, with strongly positive gross margins.

APFCT is a Taiwanese fuel cell product manufacturer and system developer, with further offices in California, USA. Founded in March 2000 and with over 120 patents granted worldwide, APFCT is one of the most advanced and recognised world leaders in the application of PEM fuel cell power generators to 2-wheel and 4-wheel light electric vehicles ("LEVs"). Their product range includes a low pressure hydrogen storage canister system that allows users to swap used for full canisters through a refill "vending"system, in use for example, at the National Tsing-Hua University in Taiwan, one of the most prestigious universities in the country. The company's fuel cell scooters have a maximum speed of up to 60 km/hr and provide 50-90km driving range on each fuel charge, with a refuelling time of less than one minute. The company plans to produce 1,000 fuel cell scooters during 2012.

Paolo Bert, Chief Executive Officer of Acta, said, "Scooters and other LEVs make for an ideal application of fuel cell technologies, and APFCT's hydrogen canister vending system overcomes the barrier of a local consumer hydrogen infrastructure. Acta's aim is to bring hydrogen generation and fuel cell technology to the mass market by making these systems cost effective and compatible with each other. We are delighted to be partnering with this exciting company, and look forward to supporting them to achieve their ambitious growth targets over the coming years."

Jefferson Yang, Chairman of APFCT, said, "Acta's unique hydrogen generation technology is an ideal fit for our own fuel cell refuelling system using low pressure hydrogen exchange canisters and we are excited about the commercialization enabling hydrogen generation technology that we expect to realise through this Agreement. We can see the potential for Acta becoming a strategic partner as we move into commercial volumes beginning next year."

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About Acta S.p.A.

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Its product line includes market-leading compact hydrogen generators (electrolysers) which produce pure, dry and compressed hydrogen in a way that is easy-to-use and completely safe, and the Company is committed to integrating its award-winning electrolysers with renewable energy sources.

Acta's cost-competitive electrolysers are based on its proprietary, inexpensive environmental catalyst and hydrogen conversion technologies. These products help overcome the barriers to the adoption of fuel cells, most notably the lack of a local hydrogen infrastructure.

Acta's low-cost hydrogen generators represent a unique breakthrough in electrolyser technology. They can operate using mains power or intermittent renewable energy, and produce clean, dry hydrogen already at pressure for use in fuel cell and other applications. This unique combination of features avoids the system complexity and energy cost of further cleaning, drying and compression of the hydrogen, resulting in a simple, compact, low-cost and highly efficient system that is ideally suited for energy conversion and storage applications. In such applications, which include battery replacement and renewable energy storage, low cost and high efficiency are critical to commercial viability, while hydrogen compression is essential for the energy density of the system. No other water electrolyser currently on the market offers this combination of benefits.

Acta is focusing on delivering its products to markets with high volume demand for high-value environmental solutions (transport, back-up power, energy and leisure). It is accelerating the commercialisation of its products via partnerships with original equipment manufacturers (OEMs), distributors, and agents in these sectors, and intends to drive down production costs at high volume via contract manufacturing.

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

www.actagroup.it www.actaenergy.it

About Asia Pacific Fuel Cell Technologies Ltd

Asia Pacific Fuel Cell Technologies Ltd is one of the most advanced and recognized world leaders in the application of PEM fuel cell power generators to 2-wheel and 4-wheel light electric vehicles. They manufacture fuel cell scooters and other light electric vehicles including city mini-cars, as well as fuel cell components and systems in the power range of 100W to 10kW. Their product range includes a low pressure hydrogen storage canister system that allows users to swap used for full canisters through a refill "vending" system. The company plans to produce 1,000 fuel cell scooters during 2012.

www.apfct.com