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RENEWABLE POWER & LIGHT PLC

DISSOLUTION OF EMPLOYEE BENEFIT TRUST 

AND

CANCELLATION OF SHARES

1 June 2009

Renewable Power & Light plc (AIM:RPL) ('RPL' or 'the Company'), today announces that The Renewable Power & Light Plc Employee Benefit Trust (the 'EBT') has been dissolved.   As announced on 3 December 2008, the EBT held an interest in 6,532,957 ordinary shares of the Company (the 'Shares'), representing 6.85 per cent of the then issued share capital of the Company.  The Shares represented the only asset held by the EBT and in connection with the dissolution, the Shares have been transferred to the Company for no consideration. The Shares have been cancelled and the Company's share capital reduced accordingly.

In conformity with the requirements of the Disclosure and Transparency Rules, the Company confirms that as a result of this cancellation and reduction of issued share capital, its issued share capital comprises 88,764,646 ordinary shares of 1p each with voting rights attached of one vote per ordinary share.  Therefore the total number of voting rights in the Company is is 88,764,646.

The above total voting rights figure may be used by shareholders as the denominator for the calculation by which they can determine whether they are required to notify their interests in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company now has 88,764,646 ordinary shares of 1p each in issue which are admitted to trading on AIM under UK ISIN code GB00B1FSD063.

The Board reconfirms that an approach received may or may not lead to an offer being made for the Company and a further announcement will be made in due course.

For further information, please contact:

Renewable Power & Light plc       Tim Hunstad          Telephone: +1 952 746 0393

Grant Thornton UK LLP                 Gerald Beaney       Telephone: +44 0207 383 5100

(Nominated Adviser)

Lexicon Partners                            Ben Catt                  Telephone: +44 20 7653 6000

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of RPL, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30pm (London time) on the London business day following the date of the relevant transaction.

This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of RPL, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rules 8.1 of the Code, all 'dealings' in 'relevant securities' of RPL by a potential offeror, or RPL, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.

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