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Press Releases: Interim Statement

MCC Energy Plc
(“MCC Energy” or “the Company”)
Interim results for the 6 months ended 30th June 2005

MCC Energy plc (AIM:MCCE) today announces unaudited interim results for the six months ended 30th June 2005.

Highlights

Operational

• Successful admission to trading on AIM in February raising £3m
• Acquisition of Navitas Technologies - the first step in our battery efficiency roll up
• Investment in DynaMotive Energy Systems - the first of our bioenergy investments
• Investment in Tang Group - a window to China and to Asian renewable projects
• A growing pipeline of strategic and project investments under negotiation
• Nurtured and added to our sweat equity positions
• Advisory activity sustained including repeat assignment with Minnesota Power
• Proposed change of name to Tersus Energy Plc

Financial

• Revenue of £1.263m for the first half (2004 half year: £0.108m; full year: £1.655m)
• Pre-tax loss of £0.306m (2004 half year: £1.212m; full year: £1.448m)
• Net Assets of £2.137m (2004 half year: £0.010m; full year: £0.133m)

John Devaney, Non-Executive Chairman of MCC Energy plc, said:

“We are pleased to announce our first set of financial results since we began trading on AIM in February. We have had a busy first six months across both our advisory and strategic investment businesses. Since listing, we have acquired Navitas Technologies, a battery efficiency technology platform, and most recently we have invested in DynaMotive, a Canadian biofuel company, and Tang Group, a Dallas and Beijing based technology developer.

“The market for new investments is strong with high oil and gas prices and the continued focus on energy generation and supply. We are making significant progress in negotiating further investments across a number of platforms in the energy efficiency and alternative/renewable energy sectors.”

please click here for the full interim report

For further information please contact:

MCC Energy Plc
Steve Levine, Chief Executive Officer
+1 978 635 0997
David Wilson, Finance Director
+44 20 7408 5416 / +44 7831 818 121

M Communications
Nick Fox
+44 20 7153 1540 / +44 7711 727 618

 
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