Climate Leaders Joint Venture

Camco International Ltd
13 July 2007


13th July 2007


 Camco International and Tudor Investment Corporation to Launch Global Climate
                          Change Equity Joint Venture


Camco International ('Camco') and Tudor Investment Corporation ('Tudor') today
announce that they have entered into a letter of intent to launch the Climate
Leaders' Joint Venture (the 'Joint Venture'), an equity investment joint venture
to finance projects that reduce greenhouse gas emissions and generate emissions
credits. The partners expect to complete negotiations and reach formal closing
of this Joint Venture in the near future.

Split between offices in London and New York, and with linkages to Camco and ESD
offices worldwide, the Joint Venture will be led by a dedicated team comprising
leading low carbon professionals with expertise in project development and
finance, with proven capability in clean energy development, investment and
finance.

The Joint Venture will be run by an entity established by Camco, Tudor and Gaian
Capital ('Gaian'), funded with $10m operating capital ($6.5m provided by Tudor
and $3.5m by Camco, taking into account the operational involvements of the
parties). Camco will own initially 60% of the Joint Venture. The Joint Venture's
initial focus will be on projects in North America with planned expansion into
selected developed and developing countries over time. Tudor has committed an
initial investment of USD $100 million to the Joint Venture.


Commenting on the letter of intent to launch the Joint Venture, Jeff Kenna, CEO
of Camco International, said:

'Business has woken up to the urgent need to take action, and capital is
mobilizing. By expanding into equity finance, the Climate Leaders Joint Venture
will provide a source of equity funding for emissions reducing projects in which
our client partners are engaged. Partnering with Tudor gives the Joint Venture
the initial capital it needs to launch and the support and credibility of one of
the world's most respected professional investment firms. We plan to work
together to make the Joint Venture a substantial business in its own right.'


The Joint Venture is sponsored by the Camco Group, world leaders in this field
with over 200 professionals in 11 countries. The Group's expertise spans policy,
regulation, energy technology, low carbon and clean energy project origination,
qualification and commercialisation of carbon credits. Its support will enable
the Joint Venture to access a pipeline of mitigation projects unavailable
through any other investment opportunity.

Camco manages one of the world's largest portfolios of carbon credits under the
Kyoto Protocol. Camco's has specific carbon sector expertise and incomparable
early access to large carbon asset and technology investment opportunities in
China, Russia and South Africa. ESD, part of the Camco Group, has advised on and
developed over 1,000 projects, was a founder of the UK Emissions Trading Scheme
and has been instrumental in the development of climate change legislation and
regulation in the UK, EU and for Kyoto.

The Joint Venture brings together the investment capital, high quality projects
that offer real reductions in greenhouse gases, and scarce expertise required to
achieve profitably. The Joint Venture's first investments are under negotiation
and will provide a clear roadmap for future value growth. The majority of
capital will be allocated to direct investments in high value greenhouse gas
reducing assets such as methane capture, destruction and energy generation. The
balance will be allocated to structured equity investments in leading low carbon
asset developers to create future deal flow for more direct asset investments.

David Scaysbrook, co-founder of the Joint Venture, will act as Executive
Chairman of the team, which is expected to comprise up to 15 professionals when
fully staffed. The Joint Venture has started to attract senior executives and it
is expected that an advisory board comprised of some of the world's climate
change and business experts will be appointed in due course to oversee the
investment strategy of the Joint Venture.

This release is not intended to solicit additional investors into the Joint
Venture.


For further information please contact:

Camco International Limited            [phone]

Jeff Kenna, Chief Executive Officer
Scott McGregor, Chief Financial Officer


Press

Gavin Anderson                         [phone]

Ken Cronin/Kate Hill/Jodie Reilly


Nominated Advisor

KBC Peel Hunt Ltd                      [phone]

Jonathan Marren/David Anderson


About Camco (www.camco-international.com)

Camco is a leading climate change group managing one of the world's
largest portfolios of carbon credits, providing carbon advisory services and
innovating new products and services. Camco works closely with businesses to
identify and develop projects that reduce greenhouse gas emissions.

Camco's portfolio consists of 93 projects under exclusive contract with the
potential to deliver over 127 million carbon credits through to 2012. Camco was
voted 'Best Project Developer' in a survey of carbon industry participants
undertaken by Point Carbon in 2007.


About ESD (www.esd.co.uk)

ESD was established in 1989 and since then has helped to define policies and
implement projects in the mitigation of climate change. It provides advisory and
consulting services, working with Government's, NGO's and private sector
enterprises. ESD also undertakes project development work, both for its own
account and in joint ventures. ESD has a staff of over 120 people working in 8
offices across the UK, Eastern Europe and Africa. In 2006, ESD was voted one of
the Financial Times top 50 'Great Places to Work'.

ESD Ventures (ESDV) works in partnership to develop carbon reduction businesses
and projects in the UK, China and Africa. ESDV works at its own risk and takes
success fees and equity stakes in the client business. The current ESDV
portfolio includes wind farm development, biomass project development and land
use projects all of which may generate carbon credits.


About Tudor Capital

The Tudor Group, which consists of Tudor Investment Corporation and its
affiliates, is involved in active trading, investing and research in the global
equity, debt, currency and commodity markets.

Founded in 1980 by Paul Tudor Jones II, the firm currently manages $17.7
billion. The firm's investment strategies include global macro trading,
fundamental equity investing in the U.S. and Europe, emerging markets, venture
capital, commodities, event driven strategies and technical trading systems. 


About Gaian Capital

David Scaysbrook is the Principal of Gaian Capital and has over 15 years
experience as an entrepreneur involved in all aspects of conventional and
renewable power generation, from greenfield project development through to large
scale mergers and acquisitions and project financing. He has been integrally
involved in the investment of over £300 million of direct equity in power
generation assets in 3 continents, the arranging of more than £1 billion in
energy project finance and the raising of over £50m in equity capital for clean
energy ventures.

In the clean energy and emerging carbon arena, David has most recently been:
The founder and former non-executive director on the Board of Novera Energy
Limited, one of the largest independent renewable energy generators in the
United Kingdom. Novera is listed on the AIM market of the London Stock Exchange
www.noveraenergy.com.

A founding shareholder of Viridis Energy Capital, a specialist clean energy fund
with a global focus and a portfolio of investments in landfill gas, biomass and
hydro power in USA, UK, Italy and Germany. Viridis is listed on the Australian
Stock Exchange www.viridisenergy.com.au.

A founding shareholder and instrumental in the merger, financing and public
listing of Camco International Limited, a global leader in the generation of
carbon credits under the Clean Development Mechanism of the Kyoto Protocol.
David currently advises the Board of Camco on strategic issues.

David recently accepted an invitation to join the UK Government's Renewable
Energy Advisory Board which advises the UK Minister of Energy in connection with
renewable energy issues.



                      This information is provided by RNS
            The company news service from the London Stock Exchange