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Strategic Investment from Low Carbon Initiative

PROVEN ENERGY LTD ANNOUNCES STRATEGIC INVESTMENT FROM LOW CARBON INITIATIVE FOR FUTURE EXPANSION PLANS

Low Carbon Initiative to Invest in Proven Energy Ltd; Multi-million pound investment takes place to further innovation and expansion plans.

FOR RELEASE ON: MONDAY, JULY 10, 2006

Stewarton, Ayrshire, Scotland - Proven Energy ltd, the market leader in small-scale, high performance wind turbines and Low Carbon Initiative, announced that Low Carbon Initiative will make a strategic multi-million pound investment toward Proven Energy’s innovation and expansion plans.

The strategic investment from Low Carbon Initiative will enable Proven Energy Ltd, to research, develop its world leading range of high performance, small-scale wind turbines and further promote clean, green renewable energy within our world.

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