MIP develops 24 MW wind farm in the German region of Hohenlohe

Total investment volume: around EUR 40.8 million

Scheduled commissioning date: January 2008

Rights to develop a wind farm in the Slovak Republic secured

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merger, acquisition and takeover/Windpark

St. Helier, Jersey (euro adhoc) - Jersey, January 10, 2008. At the
end of 2007 Meinl International Power Ltd. (MIP) signed the contracts
for the acquisition and development of a wind farm project in the
German region of Hohenlohe. The plants have been set up by Natural
Energy Corporation GmbH (Natenco), a German wind farm developer,
which is part of the Theolia Group. The construction work has been
completed. The project, which comprises six wind farms, is designed
for a total capacity of 24 MW.

Investment volume of around EUR 40.8 million

The total cost of investment for the wind farm project amounts to
around EUR 40.8 million.

The 6 wind farms are located at regional plateaus in the
north-eastern parts of the German regions of Swabia and Franconia
(Bavaria). Construction of some plants (10 MW) was completed before
the end of 2007 which made them eligible for the higher feed-in
tariff granted for the year 2007. The remaining plants will soon be
connected to the power grid.

The MM92 wind turbines manufactured by the German company REpower AG
have a nominal capacity of 2,000 kW each. The 12 wind turbines
installed will generate around 48 million kWh per year. This is
sufficient to supply around 14,000 average households with power from
renewable energy.

Industry expert as development partner

The project developer and vendor Natenco has so far developed 270
wind power plants with a total output of 360 MW and currently
operates 125 wind farms generating more than 500 MW for third
parties. Apart from Germany, Natenco also operates successfully in
France, the Czech Republic, Hungary, and Croatia as well as in India
and Brazil. The company is domiciled in Stuttgart and since the end
of 2006 has been part of Theolia SA, a project developer listed at
the Paris stock exchange with years of experience in the field of
power generation from wind.

Natenco is responsible for the technical and commercial management of
the 6 wind farms and, in cooperation with MIP, is going to develop
additional wind farms in Germany and in particular in Eastern Europe.

Wind as an attractive target segment

Favourable regulatory framework conditions make renewable energy
currently a particularly interesting area for investment. Attractive
feed-in prices assure high revenues for guaranteed and long operating
times. In addition, wind farms, like photovoltaic farms, can be built
within relatively short periods of time.

Germany is considered the "cradle" of the modern use of wind power
and is the global industry leader. Since 2004, Germany has been the
country with the highest installed nominal wind energy capacity, a
development massively influenced by the subsidization of alternative
energy sources through the regulation of feed-in prices.

According to the German Act on Renewable Energy (EEG) a feed-in
tariff of EUR 81.9/MWh for wind energy from plants that started
operations in 2007 is guaranteed for 20 years, for plants starting
operations in 2008, the tariff was slightly reduced to EUR 80.3/MWh.

The wind farm project "Hohenlohe" is an outstanding investment
opportunity. First, the wind farm will start full operation at the
beginning of 2008 and generate cash flows quickly. Secondly, Germany
offers attractive feed-in prices at low risk. Although Germany is not
part of MIP´s core target region, the project enables the company to
gain experience in the field of wind energy in a safe environment:
know-how that can then be transferred to the development and
implementation of other wind power projects in Eastern and South
Eastern Europe.

MIP is pursuing numerous wind farm projects in Eastern and South
Eastern Europe. Projects are currently being developed and/or
examined in the Czech Republic, the Slovak Republic, Poland and
Croatia. Most of the wind markets in this region are still at a very
early stage of development and the regulatory framework varies
considerably. At the end of 2007 MIP signed a contract securing the
rights to a wind farm in the Slovak Republic. A decision on feed-in
prices for wind power is expected to be made soon in the Slovak
Republic; this decision will guide the development of the project
which MIP has secured.

end of announcement euro adhoc
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ots Originaltext: Meinl International Power Ltd.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

info@meinlpower.com

Branche: Energy
ISIN: AT0000A05W59
WKN:
Index: other listings
Börsen: Wiener Börse AG / Third Market