Viridis Clean Energy Sales Process Update

July 15, 2010

Viridis Clean Energy (VIR) (“VCE”) provides the following update on the sale process. VCE has received proposals from various parties regarding the possible purchase of VCE or some or all of its assets. The various proposals are confidential, non-binding and incomplete and subject to further due diligence review and other conditions. The responsible entity and its financial adviser, Macquarie Capital Advisers, have provided the interested parties with access to a document data room and are currently conducting visits with the parties and their respective advisers to selected VCE project sites. Over the past several weeks the interested parties have been reviewing the detailed technical, commercial and financial data for VCE’s 43 landfill gas projects included in the data room, with the expectation of submitting binding proposals on completion of their data and site reviews.

It is expected that this process may take up to a further 4-6 weeks, possibly longer. Further updates will be provided as the process progresses. Edward Northam Managing Director Viridis Clean Energy Group www.viridisenergy.com 61 3 9677 8008 Background Viridis Clean Energy is an ASX listed energy infrastructure fund that has been established by Viridis Energy Capital Pty Limited as a special purpose investment vehicle focused exclusively on direct, longterm investment in a global portfolio of clean energy projects. Viridis invests in projects employing proven renewable, waste and other clean energy fuels and technologies in selected geographical markets, with a primary focus on Europe, North America and Australia. The Fund’s current investment portfolio includes ownership interests in 43 projects located in the USA and UK with a total capacity of 106 MW. Viridis Energy Capital Pty Limited is the investment manager for Viridis Clean Energy (ARSN 115 340 639). Viridis Investment Management Limited (ABN 51 099 788 431) is the responsible entity of Viridis Clean Energy..

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GDY Executes $90 million REDP Deed

July 15, 2010

Geodynamics executes $90 million funding deed with the Federal Government Geodynamics Limited is pleased to announce the execution of a $90 million funding deed with the Federal Government under the Renewable Energy Demonstration Program (REDP). The grant signed with Geodynamics today represents the largest amount awarded to any project under the REDP program. The funding was initially awarded to Geodynamics by the Federal Government in November 2009 and was announced at that time. The execution of the funding deed follows a period of negotiation with the Federal Government to finalise its detailed terms. Geodynamics applied for funding under the REDP to establish a 25 MW Commercial Demonstration Plant (CDP) in the Cooper Basin.

The principal objective of the CDP is to demonstrate cost effective technology at a commercial scale to support the development of subsequent units and transmission lines. The REDP funding will be staged over the life of the CDP project. First payments are expected to be received in relation to drilling Habanero 4, scheduled for late 2010. The final payment will be received following the commissioning of the 25 MW CDP in the Cooper Basin, expected to occur in early 2015. The funding deed sets out conditions precedent that relate to establishing and certifying processes for risk management and community consultation. These are expected to be satisfied prior to 30 September 2010 in accordance with the negotiated schedule. Geodynamics is delighted to have executed the funding deed and believes that this government funding is an important step in bridging the gap between proof of concept and commercial demonstration of emerging technologies.

The Company continues to enjoy the support of its cornerstone shareholders and execution of this funding deed underscores the commitment of all parties involved with bringing the valuable Cooper Basin resource to market. For further information please check our website (www.geodynamics.com.au) or contact Dr Jack Hamilton or Mr Paul Frederiks on + 61 7 3721 7500. Dr Jack Hamilton Managing Director.

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Entitlements Issue Eneabba Gas Limited

July 12, 2010

Entitlements Issue Eneabba Gas Limited (ENB or Company) is pleased to announce that it will undertake a 1 for 6 nonrenounceable entitlements issue to raise up to $1.24 million before expenses of the issue. The capital raised will be used to continue with its final drilling to delineate the physical site, for the lodgement of its UCG Pilot Plant with the joint venture with Cougar Energy Limited and development of its proposed gas-fired 168MW Centauri 1 Power Station project. Shareholders will be entitled to acquire one new ENB share for every six shares held at the record date at an issue price of $0.095per new share. Subject to any necessary approvals the Company will also grant one option for every three new shares subscribed for at no further consideration. Each option will be exercisable at $0.15 on or before 30 June 2013. Further details of the entitlements issue are included in the accompanying Appendix 3B. A disclosure document in relation to the entitlement issue will be lodged by the Company shortly. ENDS For further information please contact: Mark Babidge CEO & Managing Director Eneabba Gas Limited David Tasker Professional Public Relations T: 08 9388 0944 / 0433 112 936 E: david.tasker@ppr.com.au Website: www.eneabbagas.com.au About Eneabba Gas Limited Eneabba Gas is focused on the development of its 168MW gas-fired Centauri 1 Power Station on Company-owned land near Dongara in the Mid West of Western Australia. Eneabba Gas proposes to market power from Centauri 1 to the fast growing Mid West region of Western Australia. The Company’s strategic position is to convert the coal in its highly prospective tenement package in the Mid West Region of Western Australia into UCG Syngas for fuel. While UCG is the gasification of coal underground, it is the Company’s intention to capture the resultant CO2 (geo-sequestration), which may potentially be injected into an existing geological formation. This process will significantly reduce the total carbon footprint of the project, farming of land will remain relatively uninterrupted and water resources will be preserved. In other words, energy in the coal is extracted without the environmental impacts associated with traditional coal-mining.

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AGL welcomes RET changes

June 24, 2010

AGL Energy Limited (AGL) welcomed legislative changes to the operation of the Renewable Energy Target (“RET”) scheme, saying they would provide greater investment certainty for the renewable industry. The company said under the changes that were passed through the Senate, the RET scheme would be split in two, creating a market for large-scale renewable energy projects, such as wind farms, and another for small-scale technologies including solar PV.

Managing director, Michael Fraser, said the changes gave industry certainty to make long-term investment decisions to transform the nation’s energy infrastructure to meet the target of sourcing 20% of the nation’s electricity from renewable sources by 2020.

“With our joint venture partner Meridian Energy, AGL now plans to fast track the final approvals for the development of the Macarthur wind farm which, when completed, will be one of the largest wind farms in the southern hemisphere,” Mr Fraser said.

As at 11446 AEST, AGL Energy shares were up 18c to $14.89.

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SP AusNet disappointed with draft determination

June 7, 2010

SP AusNet (SPN) expressed its disappointment with the Australian Energy Regulator’s (“AER”) draft price determination for Victoria’s electricity distribution businesses for 2011-2015, which was released last Friday. The company said the AER reduced SP AusNet’s proposed capital expenditure by 30.5% and operational expenditure by 24.2% in its draft determination.

The diversified energy infrastructure business said if endorsed the reduction would significantly limit SP AusNet’s plans to secure, maintain and grow its network to meet anticipated consumer demand over the next five years.

Managing director, Nino Ficca, said the draft determination failed to acknowledge the robust analysis and economic modelling that underpinned SP AusNet’s submission.

“Our submission reflects the changing needs of the electricity distribution sector over the next five years, driven by increasing peak demand, the need for investment in infrastructure replacement and ensuring reliable and safe supply to Victorian consumers,” Mr Ficca said.

“Our analysis is also based on our experience of the current regulatory period, during which we invested 30 per cent more ($225 million) than that provided by the regulator.”

Mr Ficca expressed disappointment in a process that he said appears to have created inconsistency between Victoria and the AER’s recent decisions in other states.

“If confirmed in the AER’s final determination, this would mean substantially less investment in Victoria, compared to other states,” he said.

“This inconsistency is difficult to comprehend. The maintenance and replacement requirements for existing infrastructure in Victoria are similar to those in the other states.”

Mr Ficca added that the Victorian population growth is creating further demand for new network investment.

“In particular, business and household connections in SP AusNet’s distribution network are expected to increase by around 68,000 in the coming five years,” he said.

“If the investment required over this period is not planned now, this will simply impact our ability to meet consumer demand and create greater and unplanned price increases down the track.”

As at 1428 AEST, SP AusNet shares were down 2c to 81c.

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AGL upgrades FY10 guidance

June 3, 2010

AGL Energy Limited (AGK) said it expects to report an underlying Net Profit After Tax of between $420 million and $430 million for FY10, compared with the previous guidance of $390 million to $420 million. The company said the revised guidance is based on unaudited figures for the eleven months to 31 May 2010, and reflects the continued strong performance of AGL’s underlying business.

AGL said full-year results would be released on 26 August 2010.

AGL shares were up 23c, or 1.6% to $14.30 as at 1025 AEST.

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TSI to sell wind farm, tap market for $110m

May 10, 2010

Transfield Services Infrastructure Fund (TSI), which is 47.5% owned by Transfield Services Limited (TSE), announced its intention to sell its Mt Millar Wind Farm in South Australia for $191 million. The fund also said it would tap the market for $110 million as part of a series of initiatives that are expected to provide financial flexibility and strengthen the fund’s balance sheet.

The initiatives followed the conclusion of TSI’s Capital Structure Review and include extending TSI Fund’s corporate-level debt maturity to May 2015.

The fund said it has entered into a share sale agreement with New Zealand’s largest energy generator, Meridian Energy Limited, for the sale of 100% of the shares in the TSI Fund subsidiary that owns the Mt Millar Wind Farm.

The sale is expected to complete by 31 May 2010.

TSI said the fully underwritten equity offer is comprised of a placement to institutional investors of approximately $30 million and an accelerated non-renounceable pro-rata entitlement offer to raise approximately $80 million.

The fund said shareholders would be able to subscribe for 5 new TSI Fund shares for every 12 existing TSI Fund shares held as of this Friday for 70c each.

Meanwhile, TSI said its FY10 forecast final distribution is expected to be 4c per share and the distribution for FY11 is expected to be 8.2c per share.

The fund said incorporating the one-off impacts resulting from the review, FY10 reported EBITDA is expected to be $75 million with a FY10 reported Net Loss After Tax of $39.5 million.

TSI said it is forecasting FY11 EBITDA of $95.4 million and Net Profit After Tax of $16.4 million.

Transfield Services Limited said it would be committing up to approximately $53 million through a $24 million partial take-up of the institutional entitlement and a $29 million sub-underwriting of the retail offer.

At the close of trade yesterday, TSI shares were trading at 90c, while TSE shares were trading at $4.02.

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AGL to sell pipeline for $82.6m

March 19, 2010

AGL Energy Limited (AGK) said it has entered into an agreement to sell the Berwyndale to Wallumbilla Pipeline (“BWP”) for $82.6 million to APA Group (APA). The company said it has also entered into a 17 year Gas Transportation Agreement (“GTA”) with APA in relation to the BWP.

AGL said the sale would result in a pre-tax profit to AGL of approximately $2 million after transaction costs.

”The parties intend to complete the transaction as soon as practicable with proceeds to be applied to reduce AGL’s bank debt,” AGL said.

The company said it constructed the BWP to transport gas from Queensland Gas Company Limited’s gas fields in the Surat Basin to the Wallumbilla hub, with the pipeline commissioned in February 2009 and commenced operation in April 2009.

AGL said the GTA includes an option for increased capacity which, if triggered by AGL, would see APA make an additional payment to AGL of up to $21 million.

The company also has options to extend the term of the GTA up to 10 years.

AGL managing director, Michael Fraser, said the development of the BWP was necessary to allow AGL to deliver gas to market because options then available did not provide a suitable solution.

”Now that we have a long-term transportation agreement in place, ownership of this pipeline is no longer core to our integrated strategy,” Mr Fraser said.

APA managing director, Mick McCormack, said along with the Roma-to-Brisbane Pipeline, the assets are linked to the Wallumbilla hub.

“This acquisition allows us to join our existing assets to one of the most promising coal‐seam gas regions in the country,” Mr McCormack said.

“We expect a growth in demand for gas transmission services to move this gas into east coast markets and APA’s assets will continue to play a key role in providing this service.”

As at 1127 AEDT, AGL shares were up 4c to $15.01, while APA shares were up 1c to $3.46.

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Prime Infrastructure appoints CEO

March 7, 2010

Prime Infrastructure Group (PIH) announced the appointment of former senior managing partner of major shareholder Brookfield Asset Management Brian Kingston as managing director and CEO. The company said the appointment followed the resignation of Jeff Kendrew who is set to join Brookfield as chief development officer of its global infrastructure platform.

Prime Infrastructure said the appointment is effective immediately and has shortly followed completion of Prime’s recapitalisation and restructuring.

Chairman, the Hon Dr David Hamill, said Mr Kingston would bring a wealth of infrastructure management experience and that he has the ideal skill set to take the company through the next phase of its development.

“We are also pleased that Prime Infrastructure will retain the benefit of Jeff Kendrew’s extensive operating experience in the infrastructure industry and his intimate knowledge of Prime Infrastructure’s business, through his continued involvement as a non-executive Director,” Dr Hamill said.

Prime Infrastructure said Mr Kingston had held various senior management positions within Brookfield and its affiliates, including in the fields of mergers and acquisitions, merchant banking and advisory services in the infrastructure and property sectors.

“Most recently, Mr Kingston was chief financial officer and chief investment officer of Brookfield Multiplex Limited, a position which he held since Brookfield’s acquisition of Multiplex Limited in 2007,” the company said.

At the close of trade Friday, Prime Infrastructure shares were trading at $3.50.

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AGL to construct Macarthur Wind Farm

February 28, 2010

AGL Energy Limited (AGK) said it has entered into conditional arrangements for the construction of Macarthur Wind Farm in south-west Victoria under a joint venture with New Zealand’s Meridian Energy Limited. The company said the agreement follows the Federal government’s announcement last week of proposed changes to the operation of the Renewable Energy Target (RET) scheme.

AGL said it would take all of the wind farm’s energy output and renewable energy certificates.

”The contractual arrangements are subject to a number of conditions precedent, including approval by the Boards of the joint venture partners,” the company said.

”A key consideration of AGL’s Board in approving the transaction will be certainty around the final form of the legislation to give effect to the Federal government’s announced changes to the RET scheme.”

AGL said the wind farm would comprise 174 Suzlon S88 turbines for a total capacity of 365MW, which is expected to deliver approximately 945 gigawatt hours of electricity each year.

The company said construction is expected to take about three years.

As at 1041 AEDT, AGL shares were up 17c to $14.54.

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