Further re potential offer

Ethanol Investments PLC
12 September 2007


                             Ethanol Investments Plc
                    ('Ethanol Investments' or the 'Company')

                            Further re potential offer

The Company refers to its announcement made yesterday and wishes to clarify 
that the  current discussions with the potential offeror would suggest that 
any offer which may be made would be a share exchange offer with a value at or 
around 0.21p per share.

This statement has been made without the consent of the potential offeror. This
announcement does not amount to a firm intention to make an offer. There is no
certainty that an offer will be made and that, if made, there is no certainty as
to the terms on which any offer might be made.

Further announcements will be made in due course, as appropriate.

Contacts and enquiries:

Ethanol Investments plc
Peter Greensmith, Chairman                    Tel: [phone]

Seymour Pierce
Jonathan Wright, Corporate Finance            Tel: [phone]

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,
'interested' (directly or indirectly) in 1 per cent. or more of any class of
'relevant securities' of Ethanol Investments, all 'dealings' in any 'relevant 
securities' of that company (including by means of an option in respect of, 
or a derivative referenced to, any such 'relevant securities') must be publicly
disclosed by no later than 3.30 p.m. (London time) on the 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acceptances, lapses or is otherwise withdrawn or on which the 'offer 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 together pursuant to an 
agreement or understanding, whether formal or informal, to acquire an 'interest'
in 'relevant securities' of Ethanol Investments, 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 Code, all 'dealings' in 
'relevant securities' of Ethanol Investments by an offeror or Ethanol 
Investments, or by any of their respective 'associates', must be disclosed by 
no later than 12.00 noon (London time) on the London 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 Panel's website at 
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
 respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on 
the Panel's website. If you are in any doubt as to whether or not you are 
required to disclose 'dealing' under Rule 8, you should consult the Panel.





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