Following the disposal of its only trading subsidiary Estech Europe Limited in June 2008 and the approval of its investing strategy at the subsequent AGM, ReEnergy Group plc is now evaluating a number of potential reverse acquisition targets.

Investing Policy

Further  to  the  changes  to  the AIM Rules for Companies  affecting  investing companies which came into effect on 1 June 2009 (the "AIM Rules"), the Company's re-stated investing policy, in line with new the definition of Investing  Policy under the new AIM Rules, is set out below:

Investing Policy

The  Company's Investing Policy is to focus on identifying and acquiring  established businesses and investment opportunities in Europe, however other geographical  areas  will be considered should appropriate  opportunities  occur which  could  benefit shareholders of the  Company. By actively investing in businesses  with complementary areas  of expertise, which may for example include  real  estate, waste recycling, business support services and marketing, the Directors believe that  it  is possible  to  generate  considerable opportunities  for  the  cross  selling  of services  between different operations and countries.

The  Directors in particular have identified and been reviewing a number of acquisition opportunities in line with the Investing Policy and which are at an advanced stage of negotiation. Further announcements will be made as appropriate.

The  Company may invest by way of outright acquisition or by the acquisition  of assets,     including    the    intellectual    property,    of    a    relevant business,  partnerships  or  joint venture arrangements.  Such  investments  may result  in  the Company acquiring the whole or part of a company (which  in  the case of an investment in a company may be private or listed on a stock exchange, and  which  may be pre-revenue). The Company's investments may  take the form of equity, joint venture debt, convertible instruments, licence rights, or other financial instruments as the Directors deem appropriate.

The Company will be both an active and a passive investor and the Directors will place   no   minimum  or  maximum  limit  on  the  length  of  time   that   any investment may be held.

There  is  no  limit  on  the  number of projects into  which  the  Company  may  invest, nor the proportion of the Company's gross assets that any investment may represent  at  any  time  and the Company will consider all  suitable  opportunities.

There are no restrictions in the type of investment that the Company might  make nor on the type of opportunity that may be considered other than set out in this Investing Policy.

Under Rule 41 of the AIM Rules, ReEnergy has until 31 January 2010 to complete an acquisition or investment that constitutes a reverse takeover under the AIM Rules in line with the Investing Policy. In the event that such an acquisition has not been made by the Company by 31 January 2010 trading in the Company's shares on AIM will be cancelled.