Investment Update

Trading Emissions PLC

(the "Company")

Investment Update

Following the announcement made on 4 April 2013, the Company is pleased to announce that, in relation to the limited recourse project financing documentation executed by its ultimately wholly owned subsidiaries, TEP (Solar Holdings) Limited and Solar Energy Italia 6 S.r.l. ("Librandello"), the conditions precedent have now been fulfilled and, on 26 April 2013, the project financing of EUR 31 million was drawn down.

For further information:

EEA Fund Management Limited +44 (0)20 7553 2361

Simon Shaw, Investment Adviser to TEP

Liberum +44 (0)20 3100 2222

Steve Pearce / Tom Fyson

IOMA Fund and Investment Management Limited +44 (0)1624 681250

Philip Scales