Appointment of Merrill Lynch

24 September 2008

CLEAN ENERGY BRAZIL PLC

('CEB' or the 'Company')

Appointment of Merrill Lynch

Clean Energy Brazil plc, a leading specialist investment company focused on Brazil's sugar cane/ethanol industry, is pleased to announce that it has engaged Merrill Lynch in Brazil to arrange a fundraising exercise for the Company.  The proceeds of the fundraising will be used to support and develop CEB's existing investments and/or to make new investments in the Brazilian sugar cane/ethanol sector.

Alvarez & Marsal continues to advise Usaciga (49% owned by CEB) in relation to its funding requirements and a further announcement will be made when appropriate.  The Company expects to publish its final results for the year ending 30 April 2008 by the end of October 2008.

Further enquiries:

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