Company Announcement No. 29/2008 Greentech Energy Systems A/S Marielundvej 48, 1 DK - 2730 Herlev Tel: + 45 33 36 42 02 Fax: + 45 33 36 42 01 www.greentech.dk Herlev, 5 December 2008 Project funding for the Monte Grighine project Late yesterday, Greentech Energy Systems A/S signed a project funding agreement for the Monte Grighine project with the French bank Natixis as the lender. The EUR 100.3 million loan facility has a term of 15 years. The loan carries a floating rate of interest, determined as 6M Euribor plus a margin. If the interest rate was fixed today, the loan would carry a total interest rate of less than 6.5% p.a. The other terms and conditions of the loan also conform to market standards. As is customary for this type of project funding, a number of document requirements must be complied with before Greentech can draw on the loan. In addition, drawing of the full loan amount is subject to part of the loan being syndicated to other banks. Natixis will handle this syndication together with its usual syndication partner banks. We expect the loan facility to become operational at the beginning of 2009, at which time we will enter into an interest rate agreement to ensure that Euribor fluctuations will only have a limited impact on the overall interest rate on the loan. The Board of Directors For further information please contact: Kaj Larsen, CEO, tel.:+45 33 36 42 02