Grant Funding Approval and Project Commencement

Acta S.p.A.

("Acta" or "the Company")

Grant Funding Approval and Project Commencement

Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce the commencement and confirmation of funding for the "LIFE+2010"grant-funded project. The Company expects to receive first round funding for the project, totaling €330,000, during December 2011. This is an increase in first round funding compared to the €248,000 that was previously expected to be received this year. The total grant funding available to Acta under the project is €827,000 over the duration of the project.

The overall LIFE+2010 project has a total value of €4.1 million with an expected duration of four years and includes two other project partners; the Polytechnic University of Milan and PEC S.r.l., an Italian engineering and construction company. The scope of the project is to construct the world's first integrated solar powered pilot plant for the simultaneous production of hydrogen and magnesium (a hydrogen storage medium) from seawater and to demonstrate the potential of photovoltaic energy peak power storage and re-conversion via hydrogen accumulation.

The pilot project is expected to be located in Taranto in Puglia, an area of southern Italy that has seen the strongest development of photovoltaic installations and where the local government authority has expressed a strong interest in the project's economic, technological and environmental potential. The project team is also considering the offer of one of Italy's largest compressed gas producers to locate the project in their major gas distribution centre in the area. Acta will be responsible for the solar power generation and hydrogen generation, the re-conversion of excess hydrogen to electricity via fuel cell systems and the electronic control systems within the project. Acta's role in the project will demonstrate to the public and to industrial gas producers the significant potential of Acta's technology for peak power shaving applications (storing power from peak production and returning it to the grid during peak demand) and compressed hydrogen production.

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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