Proposed Change of Name

TEG Environmental Plc 23 December 2005 For Release 1:00pm 23 December 2005 TEG ENVIRONMENTAL PLC Proposed Change of Name TEG Environmental Plc ('TEG' or 'the Company'), the leading green technology company, which converts organic wastes into natural organic fertilizer, announces in a letter dated 23 December 2005 to shareholders, that the extraordinary general meeting of the Company due to be held at 9:00 am on 22 December 2005 was adjourned without the resolution relating to the name change being put to the shareholders. The Board has resolved to defer a change of name of the Company to 2006 and to implement such change at the same time as the business and assets of the Company are transferred to a newly incorporated wholly owned subsidiary. Further details of the timing of the resolution will be provided in due course. TEG has given confirmation that the subsidiary structure has been implemented in preparation for the restructuring of the business. ENDS For further information please contact: TEG Environmental Group Plc 01772 314100 Michael Fishwick, Chief Executive Binns & Co PR Ltd 020 7786 9600 Tarquin Edwards 07879 458 364 Notes to Editors: TEG provides an in-vessel composting technology, which is one of the few approved technologies capable of treating animal by-product waste. Plant economics are driven by the gate fees charged, rather than the value of the end product (compost). The TEG process is an economic alternative to landfill. The Silo Cage system, one of the few technologies in Europe capable of treating this waste, is a natural process producing compost as an end product, used as an excellent soil conditioner that fertilizes, retains moisture, provides structure and restricts weed growth. TEG's Silo-Cages will be housed in a self-contained building, are not unsightly and are environmentally friendly. Potential customers include local authorities, waste management companies, food processors, farmers and landowners. The Company's expanding market is driven by increasingly stringent EU and UK legislation regulating the treatment and disposal of organic waste. This information is provided by RNS The company news service from the London Stock Exchange
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