Investee Company Update

RNS Number:3559H
London Asia Chinese Private Equity
09 November 2007

For immediate release: 9 November 2007

                London Asia Chinese Private Equity Fund Limited

                            ("LACPEF" or "the Fund")

        Investee Company China CDM Exchange Centre Ltd raises #5 million



LACPEF, the China focused investment fund, is pleased to announce that its
investee Company China CDM Exchange Centre Ltd ("CCEC" or "the Company") has
raised US$10 million (#5 million) in new funds.



The funds raised were via the issue of 5,000,000 new Ordinary Shares of the
Company to UK headquartered fund manager Atlantis Investment Management Limited
("Atlantis"). Following the issue Atlantis owns 4.76% of CCEC's enlarged share
capital of 105 million shares.  The shares were issued at US$2.00 (approx #1)
per share, valuing the business at around #100 million.



Founded in 2006 and traded on the UK's PLUS stock market since last December,
CCEC is an advisor to projects in Asia that have the potential to generate
carbon credits under the Clean Development Mechanism ("CDM").  The Company works
with projects to ensure that they meet the criteria under the CDM, then acts as
broker for the sale of the carbon credits to international buyers.



The Fund took a 10% stake in the Company in December 2006, valued in the
recently released March 2007 accounts at #2.2 million.



Mr Kang, CCEC Chief Executive, said:"The new funds will enable us to continue
the rapid expansion of our business.  We currently have 49 contracts in our
portfolio, with contracted tonnes of over 82 million to 2012, up 14% since the
start of the year, with issued Letters of Approval for 15 of our projects,
totalling 17 million tonnes of carbon credits to 2012.  China represents the
largest source of carbon credits in the world, and the new funds will enable us
to consolidate our position as a leading player in the Chinese CDM market."



For more information please visit www.londonasiafunds.com, or contact:


Cecilia Wong       John West/Andrew Dunn            Hugh Field

LACPE Fund         Tavistock Communications         Collins Stewart Europe Ltd

+852 2251 8373     020 7920 3150                    020 7523 8000





About China CDM Exchange

Headquartered in Beijing, China, CCEC is a Jersey incorporated company providing
brokerage, advisory and research services relating to the reduction of
greenhouse gases in Asia. It works with businesses and projects that generate
carbon credits, and assists the project owner to identify buyers for and sell on
those carbon credits.



As well as providing advice to projects which generate carbon credits, CCEC also
acts as an emissions broker and maintains its own carbon trading portfolio.  It
also manages an on-line platform for environmental commodity transactions in
China.



To date, the Designated National Authority of the Chinese Government has issued
Letters of Approval under the Clean Development Mechanism for 15 renewable
energy projects being developed by China CDM's clients, totalling 17.33 million
tonnes of carbon credits to 2012.



CCEC announced profits of #932,000 for the six months ended 30 June 2007.



For additional information on the Company, see www.chinacdmex.com




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