Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or
the "Company") announced today that Doughty Hanson Technology Ventures ("Doughty
Hanson") has exercised its Option to acquire 10 million Common Shares of the
Company at a price of $0.15/share for a total consideration of $1.5 million. The
Common Shares acquired represent 6.8% of the issued and outstanding Common
Shares of the Company. The Option was granted as part of the $8.9 million
private placement completed in two tranches in May of this year (News Releases
dated May 9, 2009 and May 25, 2009). 


The exercise of the Option increases Doughty Hanson's total investment in
Sustainable Energy to $6 million, which is comprised of 10 million Common Shares
and 450,000 Series 7 Convertible First Preferred Shares and one Series 8
Convertible First Preferred Share. 


George Powlick, Managing Director of Doughty Hanson commented: "Sustainable
Energy's solar power systems for commercial and public sector markets hold great
potential to accelerate solar energy as a mainstream power source. With growing
traction in both the European and North American markets, we are pleased with
the Company's progress since our original investment." 


Sustainable Energy recently introduced PARALEX(TM), a unique extra low voltage,
high yield commercial rooftop solar power system to the European (News Release
dated September 23, 2009) and North American (News Release dated October 27,
2009) markets. PARALEX(TM) changes the game for the rooftop solar power industry
by delivering a greater return on investment while providing the highest level
of safety and reliability for building owners, suppliers, integrators and
contractors. 


About Doughty Hanson: Doughty Hanson (www.doughtyhanson.com) is one of Europe's
most successful independent private equity firms. Since 1985, Doughty Hanson has
undertaken more than 118 investments with an aggregate acquisition value in
excess of EUR 28 billion. Doughty Hanson employs over 50 investment
professionals of 15 nationalities, located in offices in London, San Francisco,
Frankfurt, Madrid, Milan, Munich, Paris and Stockholm.


About Sustainable Energy: Sustainable Energy (www.sustainableenergy.com) is
changing the way the world installs solar power through PARALEX(TM) a unique
line of solar energy products and systems for commercial and public sector
markets. PARALEX(TM) is based on a patented extra low voltage high yield
inverter, with both crystalline and thin film PV modules, which enables a
parallel architecture to increase total system yields while also addressing
emerging safety concerns. PARALEX(TM) achieves higher energy yields and operates
at intrinsically safe voltages as well as enabling simpler more flexible design
that improves module coverage of any rooftop. The result is the lowest cost per
kilowatt hour for maximum return on invested capital.


Forward Looking Information 

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, we include:
statements concerning the impact of our technology on solar PV system
performance; and statements concerning the potential for sales in the markets we
have entered. Forward-looking information is not a guarantee of future
performance and involves a number of risks and uncertainties. Many factors could
cause the Company's actual results, performance or achievements, or future
events or developments, to differ materially from those expressed or implied by
the forward-looking information. Readers are cautioned not to place undue
reliance on forward-looking information, which speaks only as of the date
hereof. The Company does not undertake any obligation to release publicly any
revisions to forward- looking information contained herein to reflect events or
circumstances that occur after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities
laws.


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