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Press Releases: MCC Energy Plc IPO

MCC Energy Plc
04 February 2005

MCC Energy plc (the 'Company' or 'MCCE') First day of dealings on AIM

MCC Energy plc (LSE: MCCE) is today pleased to announce the commencement of trading on AIM, a market operated by London Stock Exchange plc. MCCE raised £3 million via a placing to institutional investors at a placing price of 50 pence per share, valuing the Company at £13.0 million on admission. KBC Peel Hunt Ltd is acting as the Company's Nominated Adviser and broker.

Key points:
• MCC Energy is a well established business providing integrated strategic and financial advisory services, including capital raising, business development and mergers and acquisitions, to established and emerging energy companies based principally in Europe and North America.

• Following Admission, the Company intends to continue and further develop these advisory activities and also extend its business, by acquiring majority or active minority interests in energy assets and technologies.

• MCCE's focus is the electricity and natural gas industries, with particular emphasis on renewable energy, energy efficiency and emerging energy technologies.

The Company is developing three divisions:

1.  Energy Advisors
Energy Advisors is the Company's established advisory services division focused on the delivery of strategic and financial services within the energy industry. This advice includes transactional support services (for example asset disposals and acquisitions), strategic planning and implementation services to emerging energy technology companies, fund raising, operational assistance and project

2.  Energy Technologies
The newly formed division of Energy Technologies will concentrate on acquiring controlling and active non-controlling interests in energy technology companies
principally in Europe and North America.

3.  Energy Assets
Energy Assets is also newly established and will focus on the acquisition and improvement of small to medium-sized operating and late-stage, developed retail energy and electricity assets (typically with generating capacity of between 5 and 100 megawatts) and other energy assets principally in Europe and North America.

John Devaney, Chairman, commented on the flotation:

'We are very pleased with our successful flotation on AIM. We believe it will give us the platform to build a broader business capable of significant growth in a market that if full of potential. MCC Energy looks forward to expanding the business on a global basis and continues to search for new business opportunities.'


For further information please contact:
M: Communications          
Nick Miles  
Nick Fox                
020 7153 1540

KBC Peel Hunt Ltd
Jonathan Marren
David Anderson             
020 7418 8900

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

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