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Novera Energy Ltd (NVE)

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Monday 22 January, 2007

Novera Energy Ltd

Acquisition

Novera Energy Ltd
22 January 2007


                                                                 22 January 2007

                                       
                              NOVERA ENERGY LIMITED
                          ('Novera' or 'the Company')


Completion of the acquisition of the remaining 50 per cent. of Novera Macquarie
                Renewable Energy Joint Venture Limited ('NMRE')


Novera Energy Limited, the leading independent UK renewable energy group, is
delighted to announce that it has today completed the acquisition of the
remaining 50 per cent. of NMRE from Macquarie Renewables Limited, a wholly owned
subsidiary of Macquarie International Infrastructure Fund Limited, ('the
Acquisition') on the terms set out in the Company's shareholder circular dated
21 December 2006 ('the Circular'). Shareholder approval for the Acquisition was
given at an Extraordinary General Meeting of the Company held on 15 January
2007.


Novera currently has an operating capacity of 131 MW of renewable power
generation at 59 sites across the UK and is developing a portfolio of wind farms
with a target capacity of 250MW by 2011. In addition, planning approval has been
granted for Novera to build the 10 MW East London Sustainable Energy facility at
the Ford Motor Company site in Dagenham.


Commenting on the deal, David Fitzsimmons, Chief Executive of Novera, said,


'We are delighted to announce the completion of this acquisition, which
represents a major step forward for Novera and which has fundamentally
transformed the scale of the company's operations in the UK renewable sector.


The Board remains confident about the prospects of the enlarged Novera group and
is excited by the enhanced future opportunities for Novera following the
completion of the acquisition.'

                                    - Ends -


For further information please contact:

Novera Energy Limited
David Fitzsimmons, Chief Executive Officer                        020 7845 9720
Rory Quinlan, Chief Financial Officer

NM Rothschild & Sons Limited (Sole financial adviser to Novera in relation to
the Acquisition)
Greg Cant                                                         0161 827 3800

Oriel Securities Limited (Nominated Adviser and joint broker to
Novera)
Adrian McMillan                                                   020 7710 7600
Michael Shaw

Kaupthing Singer & Friedlander Capital Markets Limited (Joint broker to Novera)
Jos Trusted                                                       020 3003 2000

Hudson Sandler (PR adviser to Novera)
Nick Lyon                                                         020 7796 4133



NM Rothschild & Sons Limited ('Rothschild'), which is authorised and regulated
by the Financial Services Authority in the United Kingdom, is acting exclusively
as financial adviser to Novera in connection with the Acquisition and is not
acting for any other person and will not be responsible to any other person for
providing the protections afforded to customers of Rothschild or for advising on
the transaction and arrangements proposed in the Circular or any transaction or
arrangement referred to in this announcement.


Oriel Securities Limited ('Oriel Securities') has been appointed as Nominated
Adviser and joint broker to the Company. Oriel Securities, which is authorised
and regulated in the United Kingdom by the FSA, is acting as Nominated Adviser
and joint broker to the Company for the purposes of the AIM rules in connection
with the Placing and Admission and is not acting for and will not be responsible
to any other person other than the Company for providing the protections
afforded to customers of Oriel Securities or for advising any other person on
the contents of Circular or any transaction or arrangement referred to in this
announcement.


Kaupthing Singer & Friedlander Capital Markets Limited ('Kaupthing') has been
appointed as joint broker to the Company. Kaupthing, which is authorised and
regulated in the United Kingdom by the FSA, is acting as joint broker to the
Company for the purposes of the Placing and is not acting for and will not be
responsible to any other person other than the Company for providing the
protections afforded to customers of Kaupthing or for advising any other person
on the contents of the Circular or any transaction or arrangement referred to in
this announcement.


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