Secures Connections for Business Plan Sites

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

15 June 2015

Plutus PowerGen plc ('PPG' or 'the Company')

Secures Connections for Business Plan Sites

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, has successfully identified and secured electricity connection agreements with Western Power Distribution, UK Power Networks and Scottish & Southern Energy on UK sites for a total of 260MW (100 MW with Western Power Distribution, 100 MW with UK Power Networks and 60 MW with Southern & Scottish Energy). With these connections now secured Plutus has exceeded its re-listing three year business plan target within 10 months (see release 05.08.14). Furthermore, this capacity has been secured well within the expected costs.

PPG's COO Paul Lazarevic said "We are delighted to have secured the connections quickly and at a cost within our expectations considering acquiring capacity in the current environment is difficult. We continue to develop the site pipeline, which remains at over 500MW, not including these projects."

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

Notes to Editors

Plutus PowerGen plc ("PPG") is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK. At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK. To this end, PPG is initially focusing on delivering 200MW of capacity over the next three years.

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.