September 17, 2007 03:00 ET

EUROPLASMA : Licensing agreement

PARIS--(Marketwire - September 17, 2007) - Licensing agreement signed in Korea

Concurrent sale of a torch system

In tandem with its growth in the renewable energy sector, the Europlasma Group continues to be very involved in the asbestos and ash markets, hence the signing on July 25th of an ash vitrification technology licensing agreement with KOLON, the leading builder of incinerators in Korea. This licence is effective from 2007 and the first plasma torch system will be shipped in 2009 for installation in the new household-waste energy recovery plant in Yonggin where building has just commenced. This represents a new market for Europlasma, which is benefitting from ongoing regulatory developments in the field of hazardous waste, and one that allows it to increasingly push its innovative technology.

To implement the Group's ambitious growth strategy, the Management team was strengthened, in consultation with Crédit Suisse, with the appointment of André-Jean GOIMARD as Deputy CEO (see our press release of 24/07/07), alongside Jean Claude REBISHUNG who was already appointed Deputy CEO in April 2007.

The due diligence period, which began on June 22nd, 2007, has just come to a satisfactory conclusion and the closing process is now underway. It will be marked on September 21st, 2007 by the issuance of the first tranche of 2 million combined shares and share warrants to Crédit Suisse at a price of EUR 5.50, in line with the resolutions approved by the Extraordinary General Shareholders' Meeting of June 22nd, 2007.

Europlasma, with the support of Crédit Suisse, is working on a series of waste gasification projects, both in Europe and the US, which will be announced to the market once they are actually launched.

The Group's audited half-yearly turnover to June 30th, 2007 will be published in October 2007 and will confirm the very significant increase in our business activities.

Contact details: Didier Pineau - Tel: +33(0)5 56 74 73 72

Europlasma is listed on the Euronext Paris Marché Libre

Ticker: MLEUP - Reuters: MLEUP.PA -Bloomberg: MLEUP:FP

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