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Renewable Power & Light plc

('RPL' or 'the Company')

Posting of Circular - Second Reduction of Share Premium Account

3 November 2009

The Company announces that further to the announcement made on 26 October 2009, a circular convening a general meeting of shareholders (the 'Circular') has been posted to shareholders. The purpose of the general meeting is to seek the relevant approvals in respect of the proposed Second Return of capital of 8 pence per RPL share (and the associated proposed Second Reduction of Share Premium Account).

The general meeting, will be held at 9 Queen Street, London, W1J 5PE, United Kingdom at 10.00am on 18 November 2009. The full notice, contained in the circular, is available to be downloaded from the Company's website (www.rplplc.com).

Estimated timetable for principal events

Event	Date
Latest Time and Date for Receipt of Forms of Proxy	16 November 2009 (10.00 am)
Date of GM	18 November 2009  (10.00 am)
Estimated Date for Start of Court Process	27 November 2009
Estimated Record Date to be registered as a shareholder to be eligible to receive the Second Return	8 December 2009 (5.00 pm)
Estimated Date for Court Hearing to confirm the Share Premium Reduction	9 December 2009
Estimated Effective Date for Share Premium Reduction	10 December 2009

The terms in this announcement are as defined in the Circular.

For further information, please contact:

Renewable Power & Light plc

Tim Hunstad                                                       Telephone: +1 952 746 0393

Grant Thornton Corporate Finance (Nomad)

Gerald Beaney                                                    Telephone: +44 20 7569 9650

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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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