First Day of Dealings

Embargoed Release: 08:00hrs Tuesday 22nd August 2006

                               Zenergy Power plc                               

                       (`Zenergy Power' or the `Group')                        

                             First Day of Dealings                             

Zenergy Power plc (AIM:ZEN), the specialist manufacturer and developer of
commercial applications for superconductive materials, is today pleased to
announce the admission of its ordinary shares to trading on the AIM market of
the London Stock Exchange ('AIM'). Teather and Greenwood is acting as nominated
adviser and broker to the Group.

Admission Statistics

Admission price: 84p

Number of ordinary shares in issue upon admission: 36,090,582

Market capitalisation upon admission at admission price: £30m

Business of the Group

The Group is comprised of three operating subsidiaries located in Germany, USA
and Australia. All three of the Group's subsidiaries are established market
participants in their respective regions in the commercialisation and
development of applications for superconductive materials.

Superconductive materials are capable of conducting electricity without any
resistance and were first discovered in 1911 in what was to prove to be one of
the most significant scientific breakthroughs of the 20th century. Since that
time two major factors have prevented the widespread deployment of
superconductor materials:

1. their need to be operated at prohibitively low temperatures; and

2. lack of availability of low-cost industrial production processes.

The first breakthrough in terms of the realisation of commercial applications
for superconductor materials came in 1987 with the discovery of a new breed of
materials known as high temperature superconductors ('HTS'). These new
materials displayed the same resistance free conductive properties as standard
'low temperature materials' but could be operated at far higher temperatures
similar to that of liquid nitrogen - a relatively inexpensive, safe and
commonly available cryogen. This discovery substantially altered the economics
for the use and adoption of superconductive materials, which could now be
operated using standard conduction cooling technologies and were still capable
of delivering over 100 times the power density of alternative copper based
solutions. Very quickly the commercial potential of this first generation of
HTS (`1G') was realised and the Group is currently extensively engaged in a
range of commercial activities with a number of different 1G products with
existing sales and growing revenues. To date, the Group has identified a number
of significant applications in the electrical and industrial equipment markets
and is currently introducing its first large-scale commercial product for use
in the industrial metals sector. Further to this the Group is also in an
advanced stage of development of a specialist HTS `fault current limiter' which
the Directors expect to have widespread applications in the global utilities
sector. Fault current limiters are installed by utility companies to provide
protection for power station equipment and to help prevent power `blackouts'.

Following many years of research an effective low-cost process for the
production of 1G HTS materials on an industrial scale has remained elusive. In
an effort to lower production costs of HTS the industry has developed a second
generation of HTS ('2G'), based on the same class of materials as before but
capable of being manufactured using a thin film technology using various
deposition techniques.

Further to its ongoing commercial activities in 1G applications Zenergy Power
has since 2003 been developing its own proprietary lower-cost production
techniques which it believes to be advantageous over alternative methods
currently being developed by other industry participants. Furthermore, Zenergy
Power believes that the successful development of these processes will place it
at the forefront of delivering cost effective industrial HTS applications that
will play a key role in the commercialisation and deployment of superconductor
materials. It is then the intention of the Group to exploit its current
commercial relationships to derive value from its technology within a wide
range of sectors including renewable energy production, industrial applications
and national power distribution. To date these relationships include agreements
with Bültmann GmbH and Delta Star Inc as well as joint project work with
Converteam SAS (formerly Alstom Power Conversion) and a number of ongoing
discussions with several companies in the US utility and the power generation
sector.

Over €40m has previously been invested into the research and development of the
Group's various proprietary technologies. The Group is debt free, boasts a
leading research and development team including more than 15 PhDs or advanced
degrees based in three countries and a patent portfolio with 17 patents and
over 45 patent applications based on 20 patent families.

It is the intention of the Group to continue to derive revenues from a range of
products based on 1G HTS wires. The Group has generated in excess of $1 million
of sales since 2003 whilst developing its new lower cost production processes
for the manufacture of 2G materials. The Group is currently in advanced stages
of its development activities and looks forward to reporting on further
progress as and when appropriate.

Mike Fitzgerald, Non-Executive Chairman, commented:

`The way in which we produce, consume and distribute energy is a key social
issue that concerns everyone from industrial corporations, Governments and
technologists right through to private households and individual consumers. The
importance of this issue has been so compelling that to date we have already
witnessed a huge level of investment in new technologies, some of which will
play a significant role in our future and others that will not.

However, it is the enabling technologies - those which improve the efficiency,
costs and usability of these emerging technologies - that very often flourish.
Low cost superconductor materials such as those being developed and
commercialised by Zenergy Power are exactly that and should be viewed as the
fibre optics of the energy sector. It is with great pleasure that we bring the
Group to the AIM market and I am in no doubt that the increased profile and
status afforded to the Group as a result will be a key accelerator in the
commercialisation of its technology.'

Copies of the Zenergy Power AIM Admission Document are available from the
offices of Teather & Greenwood Limited.

Market Overview and product applications

The global HTS market is substantial and growing, with a number of market
studies projecting multi-billion dollar markets for the application of HTS
materials and products. The proliferation of the use of superconductor
materials is largely being driven the following key factors:

1. HTS materials are highly complementary to energy efficient technologies as a
substitute for copper;

2. HTS materials have power densities of over 100 times that of copper;

3. HTS materials deliver exceptional energy efficiencies and thus reduced
consumption and running costs;

4. HTS materials are capable of delivering vastly increased levels of power
with increased reliability and reduced material usage; and

5. current developments are leading to substantially reduced costs in the
production of HTS materials.

The Group has to date developed a number of commercial applications for its HTS
activities and is seeking to deploy these into three main markets namely
renewable energy, industrial applications and power distribution.

                                    -Ends-                                     

For further information:

Dr. Jens Müller                 Zenergy Power            + 49 22 26 90 60 200
                                                                             
Adam Pollock (Sales)            Teather and Greenwood    + 44 207 426 9000   
                                                                             
Gareth Price (Corporate                                                      
Finance)                                                                     
                                                                             
Andrew Tan                      Hansard Communications   + 44 207 245 1100   
                                                                             

Teather & Greenwood, which is a member of the London Stock Exchange and is
authorised and regulated in the United Kingdom by the Financial Services
Authority, is acting exclusively as nominated adviser and broker to Zenergy
Power (for the purpose of the AIM Rules) and no one else in connection with the
Admission and will not be responsible for providing the protections afforded to
customers of Teather & Greenwood nor for providing advice in relation to the
contents of this announcement or any matter, transaction or arrangement
referred to in it. Teather & Greenwood's responsibilities as Zenergy Power's
nominated adviser and broker under the AIM Rules are owed solely to the London
Stock Exchange and are not owed to Zenergy Power or to any Director or to any
other person in respect of their decision to acquire Ordinary Shares in Zenergy
Power in reliance on any part of this document. No representation or warranty,
express or implied, is made by Teather & Greenwood as to the contents of this
announcement or for the omission of any material, for which it is not
responsible.