Carbon sales contract signed

Camco International Ltd 30 November 2006 November 30th 2006 World's Largest Clean Energy Carbon Sales Contract Signed Camco International Limited ('Camco') is a leading player in the origination, co-development, placement and management of carbon credits under the Kyoto Protocol. Camco announces that it has successfully facilitated an Emission Reduction Purchase Agreement ('ERPA') for the commercialisation of carbon credits for two clean energy projects implemented by the Yangquan Coal Industry (Group) Company in Shanxi Province, People's Republic of China. These Clean Development Mechanism (CDM) projects are expected to produce 17.8 m tonnes of carbon credits to the end of 2012, making this the largest clean energy carbon credit sales contract to date under the Kyoto Protocol. The transaction covers emission reductions generated by the capture and utilisation of methane that is currently released to the atmosphere from the working mines of Yangquan Coal Industry (Group) Company. The captured methane will be utilised to generate power and also as the primary furnace fuel of a new industrial facility. Camco has assisted the project sponsor to realise the projects by identifying and developing the carbon opportunity, and placing the credits associated with the projects. Camco has now commercialised 35m tonnes of its 100.3m tonnes contracted portfolio. Camco International CEO, Tristan Fischer, said: 'The commercialisation of the Yangquan projects represents an important milestone for global carbon markets. This transaction, the largest of its kind to date, brings into the market emission reductions from projects which accelerate the transition of one of China's largest coal producers to cleaner energy. Furthermore as a leading example of CDM project development in Shanxi Province, the main coal producing region of China, the projects will promote increased action on climate change and sustainable energy development.' - ENDS - For further information please contact: Camco International Limited +44 (0) 20 7256 7979 Tristan Fischer, Chief Executive Officer Scott McGregor, Chief Financial Officer Press Gavin Anderson & Company +44 (0) 20 7554 1400 Ken Cronin Kate Hill Janine Brewis About Camco: Camco is a leading player in the origination, co-development, placement and management of Carbon Credits under the Kyoto Protocol. Camco works with industrial companies and utilities to identify and develop greenhouse gas emission reduction projects, managing the entire process from project initiation to carbon credit delivery. Camco helps maximise the volume of credits produced and facilitate their placement with purchasers in the international carbon market. This 'origination to delivery' capability provides greater clarity and management of carbon credit risks, adding value to both sellers and buyers participating in Camco's transactions. Camco is a market leader in carbon credit origination in some of the largest potential markets for Carbon Credits. Additional information is available at www.camco-international.com This information is provided by RNS The company news service from the London Stock Exchange