Extension of Bank of Scotland Loan Maturity

September 23, 2009

Po Valley Energy is pleased to announce that the maturity on its Bank of Scotland senior finance facility has been extended to November 2013.

Drawings on the facility are currently €6.7m with an interest rate of approximately 3.5%. The interest margin over EURLIBOR will drop to 1.8% following Sillaro and Castello project completion.

The funds from the facility are currently being used to complete installation on the Sillaro and Castello gas fields in northern Italy.



MEDIA CONTACTS:

Michael Masterman Po Valley Energy 0417 851 303

Kevin Skinner Field Public Relations (08) 8234 9555 / 0414 822 631

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