Statement re Notice of Loan Receipt


METROELECTRIC PLC

("Metroelectric" or the "Company")

Notice of Loan Receipt

The Company announces that it has today received a £106,000 loan from Pictou Limited repayable in March 2012 and secured over the assets of the Company. The interest payable on this loan is 6% for the period.

The Directors of the Company accept responsibility for the announcement.  

--ENDS-

Enquiries:  

Metroelectric Plc

Greg Collier

+44 78 30 182501

Rivington Street Corporate Finance Ltd

Eran Zucker

 +44 20 7562 3373