Statement re appointment of adviser

Kedco plc ("Kedco" or the "Company")

Appointment of adviser

As stated in its interim results for the six months ended 31 December 2009, Kedco continues to pursue a number of financing options to enable it to fund its Newry project and working capital requirements. To that end, Kedco is pleased to announce that it has appointed Cornhill Capital Ltd to assist the Company in securing financing from its high net worth and institutional client base.

The Company expects to release further information in due course.

Enquires: