Agreement with BES Utilities

For immediate release 12 February 2015

Energy Assets Group plc

("Energy Assets", the "Company" or the "Group")

Agreement with BES Utilities

Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK1 and provider of electricity metering and data services, is pleased to announce that it has signed an agreement with BES Utilities (BES), an energy supplier in the commercial electricity sector. 

The agreement is for the provision of advanced electricity metering technology and data services solutions delivered by the Company's subsidiary, Bglobal Metering Limited (BGM) andoffers BES a suite of innovative options and solutions to help customers manage their energy use and meet the industry's obligations on carbon reduction.

This is the second significant contract secured by BGM in recent months following acquisition by Energy Assets in April 2014 and further underpins the Group's aspirations to become a leading service provider in the electricity sector. The BES contract award further underlines the initial growth targets set by the Group at the time of acquisition.

Phil Bellamy-Lee, Chief Executive of Energy Assets, commented:

"We are delighted to be working with BES, one of the UK's most customer minded energy suppliers, who have shown confidence in the capabilities and technology that the Energy Assets Group can offer. The BGM customer base continues to expand, underpinning the strength of the Group's brand and reputation as we continue towards our goal of becoming the largest independent provider of metering services across a multi-utility platform."

Michelle Davidson, Director of BES Utilities, said:

"Our new agreement with Bglobal Metering Limited is a significant step forward in terms of our ongoing ambition to offer the most advanced and efficient range of metering solutions to our customers."

Enquiries

For further information visit www.energyassets.co.uk or contact:

Notes to Editors:

Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK, by number of assets owned and managed. The Group offers utility suppliers and end-user consumers of energy a broad spectrum of metering services from the provision and management of new and replacement meters through its Meter Asset Management (MAM)/Meter Operator (MOP) divisions to the procurement and project management of related utility infrastructure works and the collection and provision of energy consumption data through the Group's Siteworks and Automated Meter Reading (AMR) divisions.

Energy Assets (EAS) is listed on the Main Market of the London Stock Exchange.