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Novera Energy Ltd (NVE)

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Wednesday 16 May, 2007

Novera Energy Ltd

EGM Resolution

Novera Energy Ltd
16 May 2007


                                                                     16 May 2007


          Novera Energy Limited ('Novera' or 'the Company') (AIM: NVE)
                                        
            Fourth Announcement of proposed scheme of arrangement -
                            Results of Scheme Meeting
                                        
        Transfer of Novera Domicile from Australia to the United Kingdom
                                        
The Directors of Novera advise that further to the prior announcements in 
relation to the proposal to effect the change of domicile of the Novera Group
from Australia to the UK through a scheme of arrangement under the Australian 
Corporations Act 2001 (the 'Proposed Scheme'), the Supreme Court of Victoria
ordered meeting of Novera's shareholders was held today.

At the meeting, Novera's shareholders approved the following resolution:

That the Scheme of Arrangement proposed to be entered into between Novera and 
its shareholders, as more particularly described in the Scheme of Arrangement
contained in the Scheme Booklet of which the notice convening this meeting forms 
part, is agreed to.

Voting on the resolution was as follows:

                                For                Against           Total           % voted 'for' of total

Number of shares voted      41,466,673             3,200         41,469,873                  99.99
Number of proxies voted         93                    2                 95                   97.89

The next step in the process is the consideration of the Proposed Scheme by the
Supreme Court of Victoria which is currently set down for 25 May 2007.

An indicative timetable, which is subject to change, is set out below:


Second Supreme Court of Victoria Hearing             25 May 2007

Effective Date for Proposed Scheme implementation    25 May 2007

Record Date to determine entitlements                7pm on 28 May 2007 AEST

Cancellation of AIM listing of Novera                8am on 29 May 2007 BST

First day of trading of Novera Energy plc            29 May 2007 BST


BST  - British Summer Time

AEST - Australian Eastern Standard Time


Enquiries:

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

Gavin Anderson                                                020 7554 1400
Ken Cronin
Kate Hill

www.noveraenergy.com


Notes to editors:

Novera is a leading independent UK renewable energy group. The Company has 124
MW of renewable power generation at 58 sites across the UK and is developing a
portfolio of wind farms with a target capacity of 250 MW by 2011.

In addition, planning approval has been granted for Novera to construct its
second wind farm, Lissett in Yorkshire and for Novera to build the 10 MW East
London Sustainable Energy facility at the Ford Motor Company site in Dagenham.

Novera has a portfolio of landfill gas, waste and wind assets and projects.


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