Positive Response to New Italian Feed-in-Tariff

Acta S.p.A.

("Acta" or "the Company")

Positive Response to New Italian Feed-in-Tariff

revised rates expected to underpin solar PV portfolio growth

Acta, the clean energy products company, welcomes the recent revisions to the Italian Feed-in-Tariff. The Company, which already has 19MW of solar photovoltaic ('PV') capacity in its immediate approval pipeline, believes that the new tariff rates strongly underpin management's forecasts for its PV portfolio in 2011 and beyond.

On Friday 9 July 2010, the Italian Ministry for Economic Development confirmed its ongoing commitment to Feed-in-Tariffs for renewable electricity during the period 2011 to 2013, sending a positive message to the solar industry. The new tariff, as approved by the Italian Government's Unified Conference of State and Regions, includes the following rates for the scale of project with which Acta is typically involved:

The tariff rates for 2012 and 2013 will be reduced by 6% per annum from the rate for August to December 2011.

The new tariff rates support the Company's growing project authorisation pipeline which currently consists of 19MW awaiting authorisation approval, in addition to the 10.6MW to be supplied to SPF Energy in 2010 as part of the Framework Agreement announced on 2 June 2010. As well as these in-ground projects, which are expected to receive approval by the end of 2010, Acta is also pursuing considerable in-ground and rooftop capacity across the Toscana region for installation during 2011.

Given the new tariff rates and Acta's expanding project pipeline, the Company is confident of the outlook for its PV activities and their contribution to the Company over the next few years. It is the Company's view that Italy will remain the most attractive European market for solar developers over this period as the combination of generous tariff rates, reduced PV costs and high irradiance offer the best internal rates of return for utilities and financiers.

Paolo Bert, Chief Executive, commented: "As widely anticipated, the new tariff has been reduced compared to this year's, but it remains higher than many had predicted. The Board of Acta therefore believes not only that Friday's Government announcement will boost investor confidence in the renewable energy sector as a whole, but also that the rates themselves still represent an outstanding environment for investment in the Italian PV sector. Building on our significant existing partnerships and considerable authorisation pipeline, these ongoing tariffs will enable Acta to accelerate the identification and development of further PV projects for installation in this year and beyond."

- ENDS-

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About Acta S.p.A.

Acta S.p.A. is a developer and provider of a broad range of renewable energy and related products. Its product line includes a range of compact hydrogen generators as well as various portable, mobile and backup fuel cell devices that can make use of locally generated hydrogen in UPS, marine, automotive, electric cycling, scooter, camping and domestic applications. The Company's broader interests include a range of environmental catalysts and solar power projects.

Acta's cost-competitive products 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 industrial and consumer 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 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. was admitted to trading on AIM in October 2005. It is based near Pisa, Italy, from where it manages a growing overseas distributor network targeting a global fuel cell market estimated to be worth US$26 billion by 2020.