Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

September 12, 2008 14:06 ET

Sustainable Amends Offer for Early Exercise Of Warrants

CALGARY, ALBERTA--(Marketwire - Sept. 12, 2008) - Sustainable Energy Technologies Ltd. ("Sustainable Energy" or the "Company") (TSX VENTURE:STG) has amended its previously announced (June 27, 2008) offer for an early exercise of common share purchase warrants to reduce the price from the previously offered $0.25 to $0.21 per share, and to fix the exercise price of the replacement warrant exercisable until May 16, 2009 at $0.30 per share. The amendment reflects deteriorating market conditions from the date of the initial offer.

Holders of warrants representing 5.8 million common shares have exercised their warrants. The TSX Venture Exchange has consented to the amended offer on the express condition that no further changes to the warrants will be permitted.

About Sustainable Energy: Based in Calgary Alberta, Sustainable ( Energy Technologies designs and manufactures and distributes power inverters for distributed alternative energy applications, including solar PV and small wind power systems and energy storage systems, such as batteries and stationary fuel cells. Sustainable's SUNERGYTM solar inverter is an "extra low voltage" platform which offers several very distinct advantages over conventional high voltage inverters for grid connected solar PV systems, especially for thin film rooftop solar PV systems and building integrated PV applications, and for concentrated solar technologies.

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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