ECOSECURITIES GROUP PLC: Interim Results for the Six Months Ended 30 June 2007

EcoSecurities Group plc ("EcoSecurities", or the "Company")
(LSE:ECO), one of the world's leading companies in the business of
sourcing, developing and trading carbon credits from greenhouse gas
emission reduction projects, today announces its interim results for
the six months ended 30 June 2007.

Highlights

-- Further progress in origination - Clean Development Mechanism
("CDM") portfolio gross contract volume increased to 178
million CERs at 30 June 2007 a net increase of 22 million CERs
or 14% since year end 2006.

-- On a net entitlement basis, adjusting for contract type, the
CER portfolio has grown by 29 million tonnes or 23% to 156
million tonnes at 30 June 2007.

-- Significant project implementation progress - at 30 June 2007,
164 PDDs were completed, 164 projects had been submitted to
validation, 97 had completed the validation process and 71
were registered with the CDM Executive Board. .These results
were achieved despite the continuing challenges and delays
related to the CDM project cycle.

-- Of the 433 projects in the portfolio, 355 were financed, 127
were under construction and 149 were operational.

-- 34 million CERs had been sold forward at 30 June 2007,
representing expected total forward CER revenue of EUR 410m
and net trading margin of EUR 181m through to 2013.

-- During the period, the Group generated first half revenues of
EUR 5.6m driven by sales of CERs and the Group's initial VER
sales which, combined, totalled 90% of revenues.

-- Strategic investment by Credit Suisse to underpin development
of long term relationship with Credit Suisse's energy
franchise.

Current Trading and Outlook

-- CDM portfolio gross contract volume increased to 185 million
CERs at 5 September 2007 a net increase of 29 million CERs or
18.6% since year end 2006. In addition, the Group contracted
projects expected to generate up to 6.8 million CERs, which
have not yet been incorporated into the portfolio pending
completion of a CDM due diligence process.

-- On a net entitlement basis, the CER portfolio has grown to
163.3 million tonnes at 5 September 2007.

-- At 5 September 2007, the number of projects submitted for
validation had increased to 215.

-- The post-2012 CDM portfolio gross contract volume increased to
109.6 million CERs at 5 September 2007 increased from 86
million CERs reported in May 2007. The post-2012 CDM portfolio
volume relates to potential production of CERs from the
Group's projects after 2012 and is incremental to the CDM
portfolio.

-- The Group has built its global VER portfolio at 5 September
2007 to 4.3 million tonnes, further adding to its carbon
credit volumes.

-- As the Group grows and expands operations into new markets, it
is in the process of adding to its senior management team.

-- The Group's cash balance as of 5 September 2007 was
approximately EUR 130m, which reflects proceeds of the Credit
Suisse subscription in June and an institutional placing in
July.

Mark Nicholls, Chairman, commented: "EcoSecurities continued to
make significant progress in the first half of 2007, and further
strengthened its leadership position in the carbon markets. The Group
continued to make progress in developing its CDM carbon credit
portfolio and initiated new activities to expand into the voluntary
carbon markets, the US market, project investments and secondary
trading of CERs. The Group's achievements during the period were
enhanced by further development of the carbon markets and
strengthening prices for carbon credits."

"The continued development of the carbon market and of the Group's
operations to date in 2007 gives the Board confidence for continued
growth this year and beyond."

Analyst Meeting

The Group is holding a meeting for analysts today at 0830 BST.
Analysts wishing to attend should contact Ged Brumby at Citigate Dewe
Rogerson on +44 (0)20 7638 9571 (ged.brumby@citigatedr.co.uk) for
further details.

Notes to Editors

CDM = Clean Development Mechanism, the provision of the Kyoto
Protocol that governs project level carbon credit transactions between
developed and developing countries

CER = Certified Emission Reduction, carbon credits created by
Clean Development Mechanism projects. One CER corresponds to 1 tonne
of CO2e emission reductions

EU ETS = European Union Emissions Trading Scheme, a market based
"cap and trade" system for green house gases adopted by the European
Union member states

EcoSecurities is one of the world's leading companies in the
business of originating, developing and trading carbon credits.
EcoSecurities structures and guides greenhouse gas emission reduction
projects through the Kyoto Protocol, working with both project
developers and buyers of carbon credits.

EcoSecurities works with companies in developing and
industrialising countries to create carbon credits from projects that
reduce emissions of greenhouse gases. EcoSecurities has experience
with projects in the areas of renewable energy, agriculture and urban
waste management, industrial efficiency, and forestry. With a network
of offices and representatives in 36 countries on five continents,
EcoSecurities has amassed one of the industry's largest and most
diversified portfolios of carbon projects.

EcoSecurities also works with companies in the developed world to
assist them in meeting their greenhouse gas emission compliance
targets. Utilising its highly diversified carbon credit portfolio,
EcoSecurities is able to structure carbon credit transactions to fit
compliance buyers' needs, and has executed transactions with both
private and public sector buyers in Europe, North America and Japan.

Working at the forefront of carbon market development,
EcoSecurities has been involved in the development of many of the
global carbon market's most important milestones, including developing
the world's first CDM project to be registered under the Kyoto
Protocol. EcoSecurities' consultancy division has been at the
forefront of significant policy and scientific developments in this
field. EcoSecurities has been recognised as the world's leading
greenhouse gas advisory firm over the last five years by reader
surveys conducted by Environmental Finance Magazine.

EcoSecurities Group plc is listed on the London Stock Exchange AIM
(ticker ECO). Additional information is available at
www.EcoSecurities.com.

Chairman's Statement

EcoSecurities continued to make significant progress in the first
half of 2007, and further strengthened its leadership position in the
carbon markets. The Group continued to make progress in developing its
CDM carbon credit portfolio and initiated new activities to expand
into the voluntary carbon markets, the US market, project investments
and secondary trading of CERs. The Group's achievements during the
period were enhanced by further development of the carbon markets and
strengthening prices for carbon credits.

To expand its core business and develop new markets, EcoSecurities
completed a EUR 100m equity financing with Credit Suisse and
institutional investors in Europe and the United States during June
and July. The strategic relationship with Credit Suisse is expected to
provide opportunities for the Company and Credit Suisse to globally
co-operate on a broad range of projects focusing on, but not limited
to, carbon credit and emission reduction origination and trading. We
believe the relationship represents a significant endorsement of the
strength of EcoSecurities' business, strategy and track record.

External developments helped maintain a high profile for the
problems of global warming and underline the opportunities in the
carbon markets. Substantially tighter National Allocation Plans
("NAPS") proposed for Phase II of the EU ETS, discussions on climate
change at the G8 and pending legislation in the US, all bode well for
continued attention to, and growth in, the carbon markets.

Given the continued growth of the Group and its expansion plans
both organically and through acquisition, EcoSecurities intends to add
to its senior management team.

As part of this, announced today, Claire Heeley, formerly Company
Secretary of United Drug plc, assumes the role of Company Secretary
based in Dublin with immediate effect. Ms. Heeley is a Chartered
Accountant and had previously served with United Drug since 2002, and
prior to that was with KPMG for several years.

Also, the Group intends to appoint a number of experienced
non-executive directors in due course to support the continued
expansion of the business.

The continued development of the carbon market and of the Group's
operations to date in 2007 gives the Board confidence for continued
growth this year and beyond.

Executive Directors' Review for the six months ending 30 June 2007

The first half saw a further period of rapid growth and intensive
development activity in the carbon market. The Group's geographic
reach and depth of expertise enabled it to grow its CER portfolio by
22 million tonnes during the first half, building on its industry
leadership status. The Group's market share remained significant, with
71 of the 722 projects registered by the CDM Executive Board ("CDM
EB") at 30 June 2007 being implemented by EcoSecurities, despite the
delays and challenges related to the CDM registration process. The
Group continued to commercialise its carbon credit portfolio, selling
forward a further 5 million CERs during the period, which is expected
to generate an additional EUR 28m in net trading margins for the
Group. Costs and cash controls remain a key focus for the Group.

The Group began to expand into related markets, leveraging its
strong reputation and track record. Progress was made in developing
business within the US and international voluntary carbon markets, in
building a post-2012 carbon credit portfolio, in secondary CER
trading, and project investments.

Origination

During the period, the Group brought 80 new projects into its CDM
portfolio and by the end of June 2007, there were 433 projects capable
of generating 178 million tonnes of CERs through 2012. In line with
the Group's policy of continually assessing the projects within the
portfolio for expected CER generation, this total takes into account
volume adjustments. As projects progress through the CDM
implementation cycle and begin operating, an increased amount of
information becomes available to support estimates of project volumes
and individual project performance. The CDM project portfolio remains
highly diversified by geography, technology and CDM methodology.
Projects were located in 36 countries and encompassed 18 different
technologies at period end.

On a net basis to EcoSecurities, adjusting for contract type
(principal, project development or agency), the portfolio grew from
127 million tonnes to 156 million tonnes.

Further progress was made in developing new markets during the
period, particularly in the Middle East and Eastern Europe. The Group
established a presence in Kiev, Bern and Tokyo during the first half.
After opening an office in the Middle East in late 2006, the Group
entered a strategic partnership with the Dubai Multi Commodities
Centre ("DMCC") to develop CDM projects in the region. So far this
year, the performance of Group offices in China, Africa and Mexico has
been particularly strong.

The strategic relationship with Credit Suisse is expected to
bolster origination efforts through Credit Suisse's extensive network
of clients, and provides a facility for the origination of emission
reduction projects of up to EUR 1.0bn, offering a credit support
structure for EcoSecurities to contract projects which previously were
unattainable.

The Group has (i) built upon its post-2012 CDM portfolio, (ii)
entered the voluntary market and began to contract US and
international VERs, and (iii) acquired (1) million CERs in the
secondary market, all of which are in addition to building the core
CDM portfolio to 178 million CERs.

Implementation

Despite numerous delays experienced in external validation of
projects, obtaining host country approval and the processing of
projects by the CDM EB, the number of projects registered by the Group
increased from 53 to 71 during the first half of the year, making it
the largest portfolio of registered projects in the world. These
registered projects are capable of producing 22 million CERs by 2012
which is up by 6 million CERs since year end.

At period end, 164 projects had completed Project Design Documents
("PDDs"), 97 had been validated and 128 had received Host Nation
Approval. A total of 149 projects in EcoSecurities portfolio were
operating at 30 June 2007, 127 were in construction and a total of 355
were financed.

Key highlights of the CDM project implementation process for the
Group included the registration of Al-Shaheen, the first gas flaring
capture project in the Middle East, located offshore of Qatar, and the
Company's first project registrations in Thailand after the Thai
government issued its first project approvals.

Furthermore, VERs from CDM projects yet to be registered were
verified during the first half for sale to voluntary market buyers.
This opens a new window of market opportunity for the Company from its
existing CDM portfolio and helps allay the problem of delays in the
CDM registration process.

Commercialisation

The Group continued to make progress in the commercialisation of
CERs in the period. A total of 34 million CERs had been sold forward
at 30 June 2007, up from 29 million at the end of 2006. This
represents expected total forward CER revenues of EUR 410m and net
trading margin of EUR 181m through 2013. The Group's sales of CERs
were intentionally restricted earlier in the year due to lower CER
prices, but sales increased along with higher CER prices later in the
period.

CER prices strengthened in the second quarter of 2007, after a
weak start to the year. Substantially tighter EU ETS Phase II NAPs
were largely completed in the second quarter, with only seven smaller
nations continuing to negotiate with the EU. These countries are
proposing incremental emission allowance allocations representing 4%
of the maximum annual amount of allowances that could be issued by the
EU.

Demand for both CERs and VERs from voluntary buyers has grown both
in Europe and the United States. The Group made its first VER sales
during the first half. Voluntary buyers are also purchasing CERs to
offset their carbon footprint, generating stronger pricing than
compliance related purchases in the EU and Japan.

The UNFCCC's International Transaction Log (ITL), the central hub
of the settlement system which will deliver traded allowances from
seller to buyers, is now expected to be launched in December 2007.
When the ITL launches, and as the volume of issuance of CERs from
registered projects increases, the growth of trading in the secondary
market is expected to increase significantly with the improved
transferability of CERs. The Group is well positioned to take
advantage of this with its ability to trade with project operators
quickly and efficiently in most CDM countries.

Investment

The Group's investment activities continued to expand in 2007 with
commitments for up to an additional EUR 3 million being agreed during
the first half. The investments made primarily take the form of
secured, advance payments for CERs which enable the Group to increase
its CER production as well as providing an attractive return on
capital. Investments in projects also continued to grow during the
period, with the Group committing to fund further N2O projects
alongside landfill gas and small hydro projects. Additional resources
are being deployed to increase the scope of emission reduction related
investment and business development opportunities generated through
the Group's worldwide market presence.

Consulting

As announced previously, the Group acquired the business of
Trexler Climate + Energy Services ("TC+ES"), an internationally
recognised leader in the emerging field of climate change risk
management, which was merged with EcoSecurities' existing Consulting
group to create EcoSecurities Global Consulting Services division.
Simultaneously, the Consulting group is evolving from a business with
a sole emphasis on CDM project documentation and methodology
development for external clients, to one which will in the future
focus much more intensively on: 1) participating in relevant public
policy debates; 2) using corporate strategy consulting to establish
key relationships for EcoSecurities going forward; and 3) serving as
an internal intelligence management function. It will also continue to
support the Group's other business units as it has in the past.

Financial

Income statement

Group revenue rose to EUR 5.6m for the first half of 2007, EUR
4.8m was derived by the sale of 283,200 CERs, acquired via the Group's
primary and secondary CER portfolio, and 37,500 VERs. Consulting
revenue during the first half of 2007 was lower than expected due to
the focus on internal CDM project implementation and the change in
focus of the consulting unit. Gross margins on carbon credit sales
were 33% during the period reflecting a mix of costs and pricing for
CERs and VERs in relation to the Group's core CDM, secondary trading
and voluntary market activities.

Administrative expenses during the period grew to EUR 14.7m from
EUR 9.1m in 2006 and were in line with management's expectations, and
reflecting the costs and investments made in continuing to build and
operate the Group's worldwide network. The primary business expense
related to staff and associated costs, as headcount increased 63% to
260 at 30 June 2007 from 160 at 30 June 2006.

Financing income totalled EUR 1.2m, which represented interest
earned on short-term bank deposits. Financing costs totalled EUR 0.7m,
which were comprised of interest on short term debt and unrealised
foreign exchange differences on the Group's financial assets and
liabilities. While the Group as a whole operated at a loss, it
incurred a tax charge of EUR 1.1m during the first half due to taxes
at the subsidiary company level. The net loss increased to EUR 13.2m
in 2007 from EUR 8.7m in 2006 which resulted from higher costs of
continued growth and higher levels of activity.

Balance sheet

Intangible assets increased by EUR 1.1m during the year reflecting
the Group's policy of capitalising identifiable costs of CDM project
implementation and project investments. These costs are then amortised
based on expected future CER flows from the projects to which they
relate.

229,000 CERs were either verified or verified and issued during
the first half and remained in inventory at the end of the period.
Current and non current trade receivables of EUR 7m reflect amounts
relating to sales of CERs in the current and prior period pending the
establishment of the International Transaction Log to complete
settlement of these sales. The balance of trade receivables pertain to
receivables from the consulting business of EUR 0.2m, advance payment
for the purchase of CERs of EUR 0.8m and other receivables related to
business operations of EUR 2.8m..

In total during the first half, 21 CDM project investments were
made in China, Mexico, Indonesia and Tunisia with commitments
amounting to EUR 3m which increased both fixed assets and receivables.
Completed investments in project related equipment totalled EUR 0.7m.
A further EUR 1.2m was invested in project related transactions to
secure the rights to CERs. The number of projects and CERs which the
Group has secured without the need for upfront payments has been
greater than anticipated during the period which has conserved capital
resources.

The cash balance at 30 June 2007 was EUR 79.9m, reflecting the EUR
44m Credit Suisse subscription which closed at the end of the period.
As previously noted, a further EUR 54m placement was completed in
July, shortly after the period end.

Cash flow

The development of the Group's overseas operations resulted in
operating cash outflows of EUR 20.6m during the first half. A portion
of CDM project implementation activities resulted in cash outflows of
EUR 0.9m which were capitalised. The remaining cash outflow from
investing activities totalled EUR 1.3m which consisted of other
project related investments, costs due to the expansion of the Group's
infrastructure and the acquisition of TC+ES. In respect of financing
cash flows, the Group raised new equity of EUR 44m from Credit Suisse
during the period, as discussed above.

Current Trading

CDM portfolio gross contract volume had increased to 185 million
CERs at 5 September 2007, a net increase of 29 million CERs or 18.6%
since year end 2006. On a net entitlement basis, the CER portfolio has
grown by 36 million tonnes or 28% to 163 million tonnes at 5 September
2007. Project origination has been particularly successful in China,
the Middle East and Africa in the renewable energy and fuel switch
sectors over recent months. Also, a contract with PLN, the national
utility company in Indonesia, for geothermal and hydro projects was
announced in August.

Despite increasing competition for larger projects, the Group has
maintained its origination success and continues to build a good
origination pipeline.

As at 5 September 2007, 222 PDDs were completed, 215 projects had
been submitted for validation, 102 had completed the validation
process and 74 were registered with the CDM Executive Board. Of the
456 projects in the portfolio, 382 were financed, 294 were under
construction and 145 were operational

The Company's first N2O abatement project in China has commenced
carbon credit generation after the completion of baseline monitoring.
This project is one of EcoSecurities' largest N2O projects and is
expected to produce 2.3 million CERs by the end of 2012. Several other
projects are progressing through the baseline determination process at
present.

To date EcoSecurities has pre-sold 35 million CERs, predominantly
to large corporate and government buyers. The expected net trading
margin on current forward CER sales of 35 million tonnes now totals
EUR 191m. While pricing has been strong over the summer at an average
of EUR 16 for the Company, volumes have been seasonally low.

Recently, CER prices have been increasing in relation to European
Allowance prices. Substantially tighter National Allocation Plans
proposed for Phase II of the EU ETS, and the fact that many EU ETS
regulated companies are considering swapping their capacity to utilise
CERs for compliance obligations in exchange for their EUA allocations,
have contributed to this positive trend.

The post-2012 CDM portfolio gross contract volume increased to
109.6 million CERs at 5 September 2007, a net increase of 24 million
since May 2007. This reflects efforts by the Group to contract for
post-2012 volumes from both existing and new projects.

The Group had built its global VER portfolio at 5 September 2007
to 4.3 million tonnes, further adding to its carbon credit volumes.
The portfolio is comprised of pre-registration CDM projects and US
projects, predominantly in the methane capture and industrial gas
abatement sectors. The voluntary market is also growing due to
interest on the part of non-regulated corporate buyers in Europe and
through pre-compliance demand in the US.

In view of growth in the market, and following the financing in
June and July, EcoSecurities has begun to devote additional resources
to expansion into new markets for VERs, secondary CER trading and to
expand its investment and acquisition related activities the result of
which will be a small increase in the cost base for the year.

Outlook

Prospects for the remainder of 2007 are positive, given the
Group's leading position in the carbon market, strong financial
resources and strategic relationships. The Group's core business model
- the global origination, implementation and commercialisation of
carbon credits under the CDM - continues to concentrate on the
considerable opportunities available. The Group intends to continue to
grow the volumes of carbon credits contracted and to consider
acquisitions, which would add further scale to its diversified
portfolio. Furthermore, as highlighted at the time of the recent
fundraising, EcoSecurities intends to make further investments in US
market expansion, secondary CER trading, voluntary markets and
emission reduction and clean energy project investments.

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CONSOLIDATED INCOME STATEMENT
6 months 6 months Year to
to 30 to 30 31 Dec
June 2007 June 2006 2006
(Unaudited) (Unaudited) (Audited)
EUR EUR EUR
000 000 000
Revenue 5,593 841 3,073

Cost of sales (3,491) (542) (1,374)

----------- ----------- -----------
Gross profit 2,102 299 1,699

Administrative expenses
General (14,656) (9,359) (22,998)
IPO preparation expenses - 277 277
----------- ----------- -----------
Total (14,656) (9,082) (22,721)
----------- ----------- -----------

----------- ----------- -----------
Loss before financing costs (12,554) (8,783) (21,022)

Financing costs (713) (853) (856)
Finance income 1,238 1,237 2,405

----------- ----------- -----------
Loss before tax (12,029) (8,399) (19,473)

Income tax expense (1,157) (259) (573)

----------- ----------- -----------
Loss for the period (13,186) (8,658) (20,046)
=========== =========== ===========

Loss all attributable to:
Equity holders of the Company (13,186) (8,658) (20,046)

----------- ----------- -----------
(13,186) (8,658) (20,046)
=========== =========== ===========
Earnings per share
Basic and fully diluted (14.16) (9.40) (21.74)
*T

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CONSOLIDATED STATEMENT OF
RECOGNISED INCOME AND EXPENSE
6 months 6 months Year to
to 30 to 30 June 31 Dec
June 2007 2006 2006
(Unaudited) (Unaudited) (Audited)
EUR EUR EUR
'000 '000 '000
Loss for the period (13,186) (8,658) (20,046)

Currency translation reserve
movement (163) 47 (22)

----------- ------------ ------------
Total recognised income and
expense for the period (13,349) (8,611) (20,068)
=========== ============ ============

Attributable to:
Equity holders of the Company (13,349) (8,611) (20,068)
----------- ------------ ------------
(13,349) (8,611) (20,068)
=========== ============ ============
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CONSOLIDATED BALANCE SHEET 6 months 6 months Year to
to 30 to 30 31 Dec
June 2007 June 2006 2006
(Unaudited) (Unaudited) (Audited)
Assets EUR '000 EUR '000 EUR '000
Non-current assets
Intangible fixed assets 4,550 450 3,412
Property, plant and equipment 3,450 890 2,463
Trade and other receivables 5,031 1,072 531
------------ ------------ ----------
Total non-current assets 13,031 2,412 6,406
------------ ------------ ----------

Current assets
Stock and work in progress 2,670 48 -
Trade and other receivables 5,808 2,300 5,020
Cash and cash equivalents 79,902 70,933 60,452
------------ ------------ ----------
Total current assets 88,380 73,281 65,472
------------ ------------ ----------

Total assets 101,411 75,693 71,878
============ ============ ==========
Shareholders' equity
Issued capital 256 231 232
Share premium 118,908 76,410 76,446
Share based payment reserve 1,058 426 663
Currency translation reserve (237) (5) (74)
Other reserves (573) (573) (573)
Retained earnings (38,195) (13,631) (25,009)
------------ ------------ ----------
Total equity 81,217 62,858 51,685

Liabilities
Non-current liabilities
Interest bearing loans and
borrowings - 8,166 -
Trade and other payables 3,409 - 3,040
Deferred tax liabilities 58 4 58
------------ ------------ ----------
Total non-current liabilities 3,467 8,170 3,098
------------ ------------ ----------

Current liabilities
Interest bearing loans and
borrowings 7,559 - 7,582
Trade and other payables 7,685 4,420 8,885
Current tax creditors 1,483 245 628
------------ ------------ ----------
Total current liabilities 16,727 4,665 17,095
------------ ------------ ----------

------------ ------------ ----------
Total liabilities 20,194 12,835 20,193
------------ ------------ ----------

------------ ------------ ----------
Total equity and liabilities 101,411 75,693 71,878
============ ============ ==========
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CONSOLIDATED CASH FLOW STATEMENT
6 months 6 months Year to
to 30 to 30 31 Dec
June 2007 June 2006
2006
(Unaudited) (Unaudited) (Audited)
EUR '000 EUR '000 EUR '000

Loss for the financial period/year (13,186) (8,658) (20,046)
Income tax expense 1,157 259 573
Finance income (1,239) (1,237) (2,405)
Finance costs 713 853 856
Depreciation and amortisation 374 71 252
Project costs transferred to
inventory - - 125
Change in stock (2,399) (48) -
Change in trade and other
receivables (5,558) (1,157) (3,981)
Change in trade and other payables (923) 2,045 9,626
Profit on disposal of fixed assets - - 140
Share based payment 394 138 385
Foreign exchange differences (244) 59 (294)
Interest paid (404) (209) (428)
Interest received 1,016 1,231 2,170
Tax (paid)/refunded (302) (128) -
----------- ----------- ---------
Net cash outflow from operating
activities (20,601) (6,781) (13,027)
----------- ----------- ---------

Cash flows from investing activities
Acquisition of businesses (185) - -
Project advances and development
expenditure - (895) -
Purchase of property, plant and
equipment (1,213) (809) (2,673)
Purchase of intangible fixed assets (798) (370) (3,487)
----------- ----------- ---------
Net cash outflow from investing
activities (2,196) (2,074) (6,160)
----------- ----------- ---------

Cash flows from financing activities
Gross proceeds from the issue of
ordinary share capital 43,618 48 85
Share sale transaction costs (1,319) - -
Admission costs paid - (2,200) (2,222)
Repayment of borrowings - - (300)
Net restricted cash deposits (8,722) (6,916) (5,824)
----------- ----------- ---------
Net cash (used)/generated in
financing activities 33,577 (9,068) (8,261)
----------- ----------- ---------

Net change in cash and cash
equivalents 10,780 (17,923) (27,448)

Cash and cash equivalents at
start of period 54,045 82,565 82,565

Foreign exchange on cash and cash
equivalents (52) (1,208) (1,072)

----------- ----------- ---------
Cash and cash equivalents at end
of period 64,773 63,434 54,045
=========== =========== =========
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NOTES TO THE FINANCIAL INFORMATION

1. General information

EcoSecurities Group plc and its subsidiaries (together the Group)
originate, trade, develop and invest in emission reduction projects.
The Group also offers consulting and advisory services. It operates
through a global network of subsidiaries, branch offices and
representatives.

2. Basis of preparation

The information in this document does not include all of the
disclosures required by International Financial Reporting Standards in
full annual statutory accounts and it should be read in conjunction
with the Group's annual financial statements for the year ended 31
December 2006.

The accounting policies adopted are consistent with those followed
in the preparation of the Group's annual financial statements for the
year ended 31 December 2006.

3. Share capital

In the period to 30 June 2007 the number of shares in issue
increased by 9,917,082 to 102,574,370, reflecting the purchase of
shares by Credit Suisse, the exercise of employee share options and
the issue of shares to the vendors of Trexler Climate + Energy
Services (note 6.).

4. Reserves

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Currency Share Other Retained
translation based reserves earnings
reserve payment
reserve
EUR '000 EUR '000 EUR '000 EUR '000
At 1 January 2007 73.9 (663.5) 572.6 25,009.2
Loss for the period - - - 13,185.9
Foreign exchange
translation differences 163.2 - - -
Employee share option
scheme - value of
services provided - (394.0) - -

------------ --------- --------- ---------
At 30 June 2007 237.1 (1,057.5) 572.6 38,195.1
============ ========= ========= =========
*T

ECOSECURITIES GROUP PLC

NOTES TO THE FINANCIAL INFORMATION

5. Cash and cash equivalents

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*T
6 months 6 months Year to
to 30 to 30 31 Dec
June 2007 June 2006
2006
(Unaudited) (Unaudited) (Audited)
EUR '000 EUR '000 EUR '000

Cash at bank and in hand 9,940 2,210 4,410
Short-term deposits 54,833 61,224 49,635
----------- ----------- ---------
Cash and cash equivalents for the
purposes of the cash flow
statement 64,773 63,434 54,045
Restricted cash 15,129 7,499 6,407
----------- ----------- ---------
Cash and cash equivalents 79,902 70,933 60,452
=========== =========== =========
*T

6. Acquisition of Trexler Climate + Energy Services

On 27 February 2007, a subsidiary company agreed to acquire the
trade and assets of Trexler Climate + Energy Services Incorporated, a
company incorporated in the United States, for a consideration
comprising cash and shares in EcoSecurities Group plc partially
conditional on the future performance of the business.

Assets valued at $625k were acquired for consideration of $250k in
cash and the balance in shares in EcoSecurities plc.