Press Release
                                                                            
           

20 October 2005

EcoSecuritiesı project issued one of the worldıs first tranches of Certified
Emissions Reductions
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EcoSecurities Group Ltd, a world leader in the orgination, development and
trading of carbon credits, announced today that its hydroelectric project
³La Esperanza,² in Honduras, has  been issued one of the worldıs first
tranches of Certified Emissions Reductions (CERs) by the Clean Development
Mechanism Executive Board (CDM EB).

The issuance of these CERs is a historic step in the global carbon trading
market. The projectıs CERs are among the first tradeable carbon credits to
enter the market through the Clean Development Mechanism (CDM), one of the
flexible mechanisms under the Kyoto Protocol. The value of the CER market,
which is based on the CDM, is currently estimated to be worth US$450 million
and is expected, by market experts at Point Carbon, to grow significantly to
US$23 billion in the next five years.

The La Esperanza project, which EcoSecurities began developing in June 2003,
was issued 2,210 CERs by the CDM EB. This equates to the project having
mitigated the emission of 2,210 tons of carbon dioxide (CO2e) into the
atmosphere from 1 June 2003 to 31 May 2005. Annual emission reductions for
the project are expected to be 37,031 tCO2e per year for the next 21 years.
These reductions are achieved by replacing traditional thermal generation
provided by the Honduran national grid with La Esperanzaıs zero-emissions
electricity generation from a renewable resource (hydroelectricity).
EcoSecurities has already traded the CERs produced by the project; they have
been purchased by the Italian Government through its investment in the
Community Development Carbon Fund, which is managed by the World Bank.

Annika Lundgren Colston, EcoSecurities US Country Manager who led the
project through to CDM registration, explains that ³this project captures
the dual goals of the CDM by reducing global greenhouse gas emissions and
contributing to local sustainable development. To date, 60 households have
gained access to electricity and 148 people have been employed and we expect
these numbers to increase over the life of the project.²

Pedro Moura Costa, Founder and Managing Director of EcoSecurities,
commented: ³Todayıs issuance of one of the first batches of CERs by the
Executive Board will kickstart the global CDM market by converting CERs from
theory into reality. The announcement also reinforces EcoSecurities position
as one of the leading participants in CDM projects and marks the advent of a
significant new global market. We are ideally placed to help the growth of
the tremendously exciting CDM market and those looking to operate within the
market to realise that potential. Our experience of developing and financing
emission reduction projects has given us a unique capability to help asset
owners to successfully structure, develop and commercialise these complex
initiatives.²

EcoSecurities founders have been originating and developing emissions
reductions projects since 1991. Since then EcoSecurities has developed and
advised on emissions reductions projects in a series of countries in five
continents,and currently has over 70 CDM projects in development around the
world. Five of the 26 registered CDM projects globally were developed by
Ecosecurities, with only one other project so far being issued CERs.
EcoSecuritiesŒs success is owed largely to its exclusive focus on developing
and financing emission reductions projects, combined with EcoSecurities'
strong track record of delivery. EcoSecurities has successfully structured
projects that transacted credits to the governments of Japan, Denmark and
Austria and major corporations such as Shell, Essent, Toyota Tsusho and the
World Bank.

For more information on EcoSecurities, please contact:

Pranav Nahar
Director
EcoSecurities India


Press Release
                                                                     

19 October 2005

EcoSecurities signs eight ERPAs and requests registration for two further
projects in China
EcoSecurities Group Ltd, a world leader in the origination of CDM projects,
announced that it signed eight large scale ERPAs for projects in Chongqing,
China. The ERPAs were signed by EcoSecurities co-founder, Marc Stuart, at a
ceremony hosted by the City Government on Saturday, the 15th of October in
the presence of the Wu Bing, Director of Economic Committee of Chongqing
Government, Zhou Shiyi, Deputy Director of Environment & Resources
Department of DNA, the project partners and members of the Chinese media.

These projects are the first to emerge from EcoSecurities groundbreaking
collaboration agreement with the Federal Territory of Chongqing, signed in
June of this year, and encompass coalmine methane, hydropower, coal to gas
fuel switching and steel making efficiency. The counterparties are in the
private sector as well as state-owned enterprises. In a second development,
EcoSecurities has requested CDM registration for two more projects in China
outside of the Chongqing region ­ the Nanjing Landfill and the Yuzaikou
Hydropower projects. Combined, these advances make EcoSecurities one of the
leading CER originators in the vital Chinese market. The company is planning
to open an office in China in the near future.

Mr Wu, Director of the Economic Committee of Chongqing Municipal Government,
said: ³We are very pleased that our cooperation agreement with EcoSecurities
is already showing demonstrable results in helping industries around
Chongqing benefit from the CDM market. We believe that the Chongqing region
has the potential to provide significant volumes of CERs, which will help
both the local and global environment while also providing economic benefits
to our local industry leaders".

Marc Stuart, Founding Director of EcoSecurities, said: ³Our experiences
working with our new Chinese partners on CDM projects has been universally
positive and clearly justifies our new office to serve this important and
highly competitive market. Using the CDM, we look forward to working with
companies and the government in helping finance more sustainable
technologies into China.²

Peter Ho, EcoSecurities representative, said, ³We believe that the CDM
potential in Chongqing region alone is vast and will be an excellent base
for further activities in China. EcoSecurities global experience in
developing and financing emission reduction projects gives us a unique
capability to help Chinese asset owners efficiently structure, develop and
commercialise these complex transactions².


Press Release 

17 October 2005

For Immediate Release

Jakarta, October 17, 2005 -Agus Sari, EcoSecurities' representative in
Indonesia joined 12 Cabinet Ministers, the Governor of the Central Bank, two
Chairs of local government associations and six major energy companies, to
sign the Declaration of Support for theNational Plan for Biodiesel
Development as part of the National Strategy for Poverty Alleviation on
October 12, 2005. EcoSecurities is a worldıs leading originator, developer
and trader of carbon credit projects.

The Declaration of Support aims at reducing poverty, rehabilitating barren
land, and enhancing energy security by encouraging biodiesel industries
based on Jatropha curcas (Physic Nuts). Jatropha plantations on such lands
can contribute to its rehabilitation while providing livelihoods to the
marginal communities in and around the barren land. The Jatropha oil can be
further processed to become biodiesel, an almost perfect substitute of
petroleum-based diesel oil.
The Declaration aims to encourage a "..global partnership in poverty
reduction and alleviation of the fuel crisis through the clean development
mechanism within the framework of the Kyoto Protocol". EcoSecurities
represents the only institution among the signatories that works on Clean
Development Mechanism projects.

Agus Sari said, "the signing of this statement of support demonstrates major
commitment among the Cabinet and at the highest political level to support
development of clean and renewable energy sources in Indonesia. This also
marks the vote of confidence in EcoSecurities to develop these projects
through carbon credits".

Notes

EcoSecurities is a world's leading originator, developer and trader of
carbon credit projects. Since it was founded in 1997, EcoSecurities has
developed or advised on emissions reductions projects in more than 80
countries and currently has over 75 projects in development around the
world. Its exclusive focus on developing and financing emission reductions
projects, combined with a strong track record of delivery, has ensured that
is has successfully structured projects that transacted credits to the
Governments of Japan, Denmark and Austria and major corporations such as
Shell, Toyota Tsusho, Essent and the World Bank. EcoSecurities has been
voted the best CDM/JI Advisory Company by Environmental Finance reader's
survey for the past four years.

The Clean Development Mechanism was established by the Kyoto Protocol to
assist developing countries to finance clean energy projects by selling
carbon credits to industrialised countries.

Cabinet Minister Signatories: 1. Alwi Shihab, Coordinating Minister for
People's Welfare; 2. M. Ma'ruf AR, Minister of Home Affairs; 3. Purnomo
Yusgiantoro, Minister of Energy and Mineral Resources; 4. M.S. Kaban,
Minister of Forestry; 5. Anton Apriantono, Minister of Agriculture; 6. Djoko
Kirmanto, Minister of Infrastructure and Regional Development; 7. Saifullah
Yusuf, State Minister of Underdeveloped Regions; 8. Kusmayanto Kadiman,
State Minister of Research and Technology; 9. Suryadarma Ali, State Minister
of Cooperatives and Small and Medium Enterprises; 10. Yusuf Anwar, Minister
of Finance; 11. Sri Mulyani Indrawati, State Minister for Development
Planning / Chair of the National Development Planning Board; 12. Burhanuddin
Abdullah, Governor of the Central Bank;

Association of Regional Governments 13. Sutiyoso, Chair of the Indonesian
Association of Provincial Governments; 14. Syaukani, Chair of the Indonesian
Association of District Governments;

Corporate signatories: 15. Widya Purnama, CEO, State-Owned Oil Company,
Pertamina; 16. Eddie Widiono, CEO, State-Owned Electricity Company, PLN; 17
Tri Haryo Soesilo, CEO, PT Rekayasa Industri; 18. Rama Prihandana, CEO, PT
Rajawali Nusantara Indonesia; 19. Abdul Salam; CEO, PT Permodalan Nasional
Madani; 20. Parman Nataatmadja, CEO, PT Bahana Pembangunan Usaha Indonesia;
21. Pelangi ‹ EcoSecurities Indonesia

Universities and Civil Organization signatories: 22. Joko Santoso, Rector,
Bandung Institute of Technology; 23. Achmad Ansori Matjik, Rector, Bogor
Institute of Agriculture; 24. Prabowo Subianto, Chair, Indonesian
Association of Farming Society; 25. Alhilal Hamdi, Chair, Indonesian Green
Energy Society; 26. Ayik Muhammad Al Hasny, Chair, Central Cooperatives for
Pesantrens.






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