Europlasma, a French group specializing in clean technologies and renewable energy production, announces the positive outcome of the technological, process and environmental due diligences carried by SLR Consulting. The ongoing discussions with Aleltho Energy LLP, a British fund specializing in renewable energy, will now move forward as planned.

Europlasma had announced on September 21, 2009 the signing of a letter of intent for financing a holding structure – CHO Invest EU1 – which is in turn intended to finance at least 50 MWe over three years, then a further 150 MWe over two years, representing a potential total of 200 MWe over a 5-year period in the EfW (Electricity from Waste) and BtE (Biomass to Electricity) sectors.

Under the terms of the letter of intent (LOI), Aleltho Energy LLP is already planning to allocate approximately 16.8 million euros to developing the Morcenx (Landes, France) production unit. With a capacity of 12MWe, this first CHO-Power electricity production unit will make it possible to supply 50,000 people with electricity from the recycling of 55,000 tons of common industrial waste each year.

As part of the establishment of the CHO Invest EU 1 structure, Europlasma will hold a 20% stake while 80% will be held by Aleltho Energy LLP. In addition, the ownership of Europlasma could reach a maximum of 45%, based on the achievement of profitability targets.

The conclusion of the financing arrangement is subject to the final negotiation of the shareholder agreements as well as the EPC (Engineering, Procurement and Construction) and O & M (Operations & Maintenance) contracts, which should be completed before the end of year.

For more information:

On Aleltho Energy LLP, see www.aleltho.com

On SLR Consulting, see www.slrconsulting.com

About Europlasma

Founded in 1992, Europlasma is a French Group specialized in clean technologies and renewable energy production. The Europlasma Group is made up of four main units and 260 employees who are all firmly committed to sustainable development and experts in waste processing and reclamation. In 2008, the Group grew by nearly 20%, with €35.3 million in revenues.

>      Europlasma develops, produces and markets waste processing and energy production solutions based on its proprietary plasma torch technology.

>      Inertam is the global specialist for the destruction and reclamation of asbestos and hazardous waste.

>      CHO Power is a waste gasification power producer (EfW – Electricity from Waste).

>      Europe Environnement is the European market leader for ventilation and air depollution systems for industry.

[www.europlasma.com]                                                     [NYSE Euronext Paris Alternext – Ticker: ALEUP – ISIN: FR0000044810]