EAM Energy Asset

RNS Number:9285L
Energy Asset Management PLC
16 January 2008


16 January 2008

                          ENERGY ASSET MANAGEMENT PLC

                            ('EAM' or 'the Company')

                                ISSUE OF EQUITY

Further to the trading statement made on 7 December 2007, the Company is 
pleased to advise that it has today allotted a total of 54,000,000 new ordinary
shares at 1pence per share (the 'Placing') to raise gross proceeds of �540,000

In anticipation of the accelerated growth the Company has decided to expand its
IT infrastructure to facilitate the use of a "hand held" works management
system by field operatives in order to further improve efficiency and
effectiveness.The proceeds will be used to implement this IT infrastructure and
for general working capital purposes. The placing has been personally supported
by the Company Directors as detailed below.

The new ordinary shares rank pari passu with all existing ordinary shares and
application has been made for the new ordinary shares to be admitted to AIM 
with trading expected to commence on 22 January 2008.

The following group directors have subscribed for shares in the Placing:

                             Number of shares          Amount     Percentage
                                   subscribed    subscribed      of ordinary
                                                                   shares
                                                                  following
                                                          �        Placing
Energy Asset Management Plc

Stephen Barclay                     2,500,000          25,000          5.6%
Chairman

John Shaw                           1,000,000          10,000          3.0%
Non-executive Director

John Butler                         3,000,000          30,000          2.6%
Finance Director

Energy Assets Limited (wholly owned subsidiary of EAM)

Gary Rimmer                         2,500,000          25,000          3.9%
Non-executive Director

Robert Hatton                       1,200,000          12,000          3.8%
Business Development Director

Following the Placing the total number of ordinary shares in issue will be
332,768,383.

For further information, please contact:

Stephen Barclay, Non-executive chairman
07767 444114

Alan McKeating, Managing Director
07843 231372

Gavin Burnell, Ruegg & Co Limited
0207 584 3663




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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