EURO 5.3 million EPC and Consent Sale Contract

Acta S.p.A.

("Acta" or "the Company")

€5.3 million EPC and Consent Sale Contract

Acta S.p.A. (AIM:ACTA), the clean energy products company, is pleased to announce that it has signed two Engineering, Procurement and Construction ("EPC") contracts with SPF Energy S.p.A. ("SPF Energy") with a total revenue value of €5.3 million that includes the value of the project consents under which the sites are to be constructed. This transaction forms a welcome continuation of the framework agreement signed in June 2010 with SPF Energy, a renewable energy company, to install commercial-scale PV parks in Italy.

The combined EPC and consent sale contracts represent a reconfirmation of the sale of two of the four sites of the conditional consent sale contract that was previously announced on 31 December 2010 and subsequently terminated on 18 March 2011, pending clarification of the new Italian tariff regime for photovoltaic installations. The approval of the Conto Energia IV decree on 5 May 2011, although still awaiting formal publication, has allowed Acta and SPF Energy to complete the formal authorisation sale and EPC contract negotiations over these two projects. The remaining two project consents are still under negotiation between the parties and if a sale contract is not concluded in due course will be returned to the Company where they would be expected to be sold to other investors later during the year.

The EPC contracts will be delivered through Acta's 50/50 joint venture company, SolGen Scrl, and accordingly Acta will therefore recognise in its consolidated financial statements 50% of the contract value, i.e. €2.7 million, against project delivery. The parties intend to complete the installation of the projects before 31 August 2011.

As part of the transaction, Acta is pleased to announce that it is co-investing in the two projects alongside SPF Energy, taking a 25% minority stake in the project equity. This investment will be financed from the profitability of the project, with Solgen reinvesting the proceeds from the consent sales into the project. This co-investment represents the first implementation of Acta's 'Build-Own-Operate' strategy announced during 2010, and will allow SolGen and Acta, through its 50% holding in SolGen, to benefit from the future cash flows from the projects, as well as the project value premium expected to be achieved upon connection of the projects to the grid.

The Company is currently assessing the impact of the Conto Energia IV decree upon its project portfolio and PV activities as well as the outlook for the broader Italian PV sector for the remainder of the year, and expects to be in a position to make a further business update announcement in due course.

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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. The Company is also extensively involved in the Italian solar photovoltaic market through its photovoltaic business, ActaSol, and is committed to integrating its award-winning electrolysers with renewable energy sources. The Company is currently in the process of delivering a significant photovoltaic installation contract through its joint venture company, SolGen, and is developing a substantial pipeline of project consents.

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 has exploited these technologies to develop onboard automotive hydrogen generation systems for diesel enrichment, reducing diesel consumption and pollution emissions.

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, UPS, 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 is marketing its electrolyser product range to early adopters through its energy products division, Acta Energy. This division's objective is to ensure, through facilitating the widespread adoption of commercial and domestic fuel cell products, that Acta's hydrogen generator becomes a familiar industrial and domestic appliance.

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