Result of EGM

Leaf Clean Energy Company ("Leaf Clean Energy" or the "Company")

08 April 2010

Results of Extraordinary General Meeting and Tender Offer

Leaf Clean Energy Company (the "Company") is pleased to announce that all of the resolutions were passed at the extraordinary general meeting of the Company held today to approve the reverse auction tender offer (the "Reverse Auction Tender Offer") for the Company to acquire ordinary shares in the capital of the Company ("Ordinary Shares") for an aggregate purchase price of up to US$27million and the general buy-back (the "General Buy-Back") of additional Ordinary Shares for up to a further US$20m, in each case as set out in a circular to the Company's shareholders dated 15 March 2010 (the "Circular").

Reverse Auction Tender Offer

Under the Reverse Auction Tender Offer, valid tenders were received in respect of 43,963,597 Ordinary Shares at the following tender prices:

8,171,834 shares at 65p

26,537,863 shares at 60p

3,825,392 shares at 55p

1,865,059 shares at 50p

3,563,449 shares at 45p

Tenders of Ordinary Shares will be accepted by the Company in accordance with the terms of the Reverse Auction Tender Offer in ascending order of tender price, starting with the lowest tender price validly tendered until tenders of Ordinary Shares of a maximum aggregate purchase price of US$27million (in pounds Sterling at the applicable exchange rate) have been accepted, as follows:

3,563,449 shares at 45p

1,865,059 shares at 50p

3,825,392 shares at 55p

21,794,147 shares at 60p

0 shares at 65p

As a result, the total number of Ordinary Shares purchased by the Company pursuant to the Reverse Auction Tender Offer will be 31,048,047, representing 17% of the Company's issued share capital as at today's date. The average purchase price of Ordinary Shares under the Reverse Auction Tender Offer will be 57.06p per Ordinary Share. Following the purchase and cancellation of the Ordinary Shares under the Reverse Auction Tender Offer, the Company will have 151,125,726 Ordinary Shares in issue and the net asset value of the Company ("NAV") per Ordinary Share will be US$171.7cents, an uplift of 10% to the NAV per Ordinary Share of US$156.1 cents as of 31 December 2009, being the latest published NAV.

It is expected that settlement in respect of the tendered Ordinary Shares, by despatch of cheques or crediting of payments through CREST, will take place on or around 13 April 2010.

General Buy-Back

Depending upon asset realisations and general market conditions, the Company intends to return cash of up to a further US$20million, through the General Buy-Back or other distributions.

Enquiries:

Leaf Clean Energy Company

Bran Keogh via Cenkos

Cenkos Securities plc

Ivonne Cantú/Oli Goad 0207 397 8900