Response to Guanabara Statement

EcoSecurities Group plc 12 August 2009 EcoSecurities Group plc ("EcoSecurities") Response to Guanabara Statement The Board of EcoSecurities notes the announcement today by Guanabara Holdings B.V. ("Guanabara") regarding EcoSecurities' interim results for the six months ended 30 June 2009 and EcoSecurities' circular sent to shareholders of EcoSecurities on 4 August 2009 rejecting the offer by Guanabara (the "Circular"). As set out in the Circular, the Board considers that the offer by Guanabara is opportunistic and wholly inadequate and the Board recommends that EcoSecurities shareholders reject the offer by Guanabara. ENQUIRIES: RBS Hoare Govett +44 (0) 20 7678 8000 Justin Jones Hugo Fisher Citigate Dewe Rogerson +44 (0) 20 7638 9571 Ged Brumby The Directors of the Company accept responsibility for the information contained in this announcement. To the best knowledge and belief of the directors of the Company (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. RBS Hoare Govett Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for EcoSecurities and no one else in connection with this matter and will not be responsible to anyone other than EcoSecurities for providing the protections afforded to clients of RBS Hoare Govett Limited nor for providing advice in relation to this matter, the content of this announcement or any matter referred to herein. Under the provisions of Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (the "Rules"), if any person (other than a "recognised market-maker") owns or controls 1% or more of any class of "relevant securities" of the Company (excluding for this purpose options or derivatives), all dealings in any "relevant securities" of the Company (including by means of an option in respect of, or a derivative referenced to, any such class of "relevant securities") must be publicly disclosed by written notice to the AIM market of the London Stock Exchange and the Irish Takeover Panel, including the details set out in Rule 8.6 of the Rules, by no later than 12.00 noon (London / Dublin time) on the London / Dublin business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons "act in concert", to acquire or control "relevant securities" of the Company, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Rules, all dealings in "relevant securities" of the Company by the offeror or the Company, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London / Dublin time) on the London / Dublin business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. The Irish Takeover Panel also provides an appropriate form for any disclosures under Rules 8.1 or 8.3. In addition to copies of the documents listed as available for inspection in the Circular, a copy of this announcement will be available for inspection at the offices of Matheson Ormsby Prentice, 70 Sir John Rogerson's Quay, Dublin 2 during normal business hours on any weekday (Saturday, Sunday and public holidays excepted) whilst the offer by Guanabara remains open for acceptance. Terms in quotation marks are defined in the Rules, which can also be found on the Irish Takeover Panel's website. If you are in any doubt as to whether or not you are required to make a disclosure under Rule 8, you should consult the Irish Takeover Panel.
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