Merger Update

11 February 2010

Leaf Clean Energy Company (Leaf Clean)

Trading Emissions plc (Trading Emissions)

Merger update

Earlier today Leaf Clean and Trading Emissions made an announcement regarding a change in Moore Capital's position in respect of the proposed merger of Trading Emissions and Leaf. Further to such announcement, the Boards of Trading Emissions and Leaf Clean wish to reiterate their support for the merger which they believe is in the best interest of shareholders as a whole. The Boards of Trading Emissions and Leaf Clean reiterate their recommendation that shareholders vote in favour of the scheme and the resolutions relating to the merger. 

For further enquiries, please contact:

Trading Emissions PLC (via Haggie Financial PR)

Neil Eckert

Malcolm Gillies

Liberum Capital Limited (nominated adviser and Rule 3 adviser to Trading

Emissions)

Steve Pearce

Tom Fyson

+44 (0) 20 3100 2000

Leaf Clean Energy

Bran Keogh (via Cenkos)

Cenkos Securities plc (nominated adviser to Leaf Clean)

Ivonne Cantu/Liz Bowman

+44 (0) 20 7397 8900

Haggie Financial PR (PR adviser to Trading Emissions)

Peter Rigby

Alexandra Parry

+44 (0) 20 7417 8989