Regulatory News:

Emerging green power utility company Enerji Ltd (ERJ:ASX), the Australian partner of Opcon (STO:OPCO), the energy and environmental technology Group, has signed a Memorandum of Understanding with Horizon Power, a State Government-owned power company. Enerji describes the agreement as an important milestone in the commercialisation of Opcon Powerbox in Australia.

The Memorandum of Understanding establishes a commercial framework for a future Power Purchase Agreement that will integrate Enerji’s Opcon Powerbox into Horizon Power’s Carnarvon power station. Enerji has also earmarked the first of six ordered 3rd generation Opcon Powerboxes for Carnarvon. Horizon Power is a commercially focused, State Government-owned power company that operates across Western Australia, a 2.3 million square km area that is five times the size of Sweden and includes the regions of Pilbara, Kimberly, Gasgoyne, Mid West and Southern Goldfields, with responsibility for among other things a major regional electricity grid, North West Interconnected System (NWIS). The customer base includes people and businesses in remote/isolated communities as well as busy regional towns and major mining companies.

“This is a significant step forward towards commercialising Opcon Powerbox in Australia and a tangible consequence of Enerji’s focus on commercial arrangements for the roll-out of our clean power service. We view our relationship with Horizon Power as a strategic partnership with benefits for both parties,” says Greg Pennefather, Managing Director and CEO of Enerji.

“It is very positive that we are now seeing the results of Enerji’s increased focus on core business with commercial applications. Opcon Powerbox offers improved energy efficiency, with both business and the environmental benefits. This is specially notable in regions such as Western Australia, with its mining companies, isolated communities and regional centres that rely on local, fossil-fuel based electricity production at high cost,” says Rolf Hasselstr�m, President and CEO of Opcon AB.

For further information, see Enerji’s press release at: http://www.asx.com.au/asxpdf/20101011/pdf/31t10z6s2tsnc1.pdf

A part of Opcon’s focus on Waste to Value, Opcon Powerbox is Opcon’s proprietary product for production of new carbon-free electricity primarily from waste and surplus heat at temperatures as low as 55° C. Among other applications, Opcon Powerbox can be installed in large process plants, power stations, large diesel engines and large ships and can produce up to 6,000 MWh per year.

For further information, please contact Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. +46 8 466 45 00, +46-70-592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden Tel. +46 8-466 45 00, fax+46 8-716 76 61 e-mail: info@Opcon.se www.Opcon.se

The Opcon Group Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, China, Germany, and the UK. There are around 390 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises two business areas:

Renewable Energy focuses on generating electricity from waste heat, bioenergy, systems for handling natural gas, industrial cooling, recycling of heat, drying of biomass, treatment of flue gases, handling systems for biomass, etc., air systems for fuel cells and measurement and monitoring of processes.

Engine Efficiency focuses on energy-efficient solenoid technology and ignition systems for combustion engines including ethanol, natural gas and biogas engines.

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