Change of Adviser

Zareba PLC
09 December 2005


Zareba plc ('Zareba' or 'the Company')

The Company announces that it has appointed Smith & Williamson Corporate Finance
Limited as its nominated adviser and joint broker with immediate effect.

The Company entered into heads of terms with Masefield Energy Holdings AG on 18
November 2005 to acquire the entire issued share capital of Quadrise
International Limited ('the Proposed Transaction'), a Masefield group company
which holds the rights to MSAR (TM) fuel processing technology.  MSAR (TM) is an
emulsion fuel used for steam and power generation, produced from low value oil
residues. The Proposed Transaction is subject to due diligence and financing
being made available to the Company and if it were to proceed would constitute a
Reverse Takeover under the AIM Rules.

In connection with the Proposed Transaction, James Burgess, a director of the
Company, has agreed to underwrite a financing of £250,000 at a price of 1.75p
per Zareba ordinary share.  In addition, Masefield Energy Holdings AG has
agreed, as part of the Proposed Transaction,  to procure substantial additional
funding for Zareba to enable it to meet the transaction terms and to develop the
new business.

Masefield Energy Holdings AG is the major shareholder in Nautical Petroleum plc,
a specialist North Sea heavy oil production development company.

Further details of the Proposed Transaction will be announced in due course when
it has sufficiently progressed.

For further details please contact:


John Woolgar                   07813 818 241 (m)
Zareba plc                      01483 890004 (o)

Ben Simons
Hansard Communications         020 7245 1100

Azhic Basirov
Smith & Williamson
Corporate Finance Limited      020 7131 4000


9 December 2005






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