Renewable Power & Light plc

('RPL' or 'the Company')

Notification of Interest

16 June 2009

The Company has been informed that, prior to the cancellation of shares representing 6.85% of the Company's then issued share capital, as announced on 1 June 2009 ('Cancellation'), the Kairos group of companies of which Kairos Fund Limited is a part ('Kairos Group'), was interested in aggregate 28.46% of the Company's ordinary shares. After the Cancellation, the Kairos Group's aggregate direct and indirect interest in the Company increased to 30.55%. 

The Kairos Group is not acting in concert with any of the Directors and as far as the Company is aware, with any other party who may be deemed to be acting in concert with the board. The Takeover Panel has been consulted and has agreed that pursuant to Note 1of Rule 37.1 the Kairos Group will not be required to make a mandatory offer under Rule 9.1 as a result of the Cancellation.

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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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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.