Alternative Energy Limited

("Alternative Energy", "AEL" or tbe "Company")

FURTHER EXTENSION OF THE CLOSING DATE POR THE PREFERENTIAL OFFERING
28 February 2013
Further to the announcement of (i) 14 January 2013 in respect of the despatch of an offering letter dated 14 January 2013 (the "Offering Letter") and the accompanying application form (the "Application Form") containing tbe terms and conditions ofthe Preferentia1 Offering to the Entitled Shareholders; and (ii) 24 January 2013 and 8 February 2013 in respect of the extension of the Closing Date for the Preferential Offering, the Company wishes to announce that tbe Closing Date for the Preferentia1 Offering will be further extended to the following date(s) and time(s):
(a) in respect of applications by the Entitled Scripholders, 3.00p.m. (Singapore time)

on 14 March 2013 (fhursday); and

(b) in respect of applications by the Entitled Depositary lnterest Holders, 3.00p.m. (UK time) on 14 March 2013 (Thursday).
Accordingly, tbe indicative timetable for the implementation of the Preferential Offering is now revised and set out as follows:
Opening Date of the Preferential Offering : 14 January 2013

Closing Date of tbe Preferential Offering for the Entitled Scripholders
C1osing Date of the Preferential Offering for the Entit1ed Depositary Interest Holders
Expected date of commencement of trading of Preferential Offering Shares on AIM
Expected date for refund of unsuccessful applications (if any)
14 March 2013 at 3.00p.m. (Singapore time)
14 March 2013 at 3.00p.m. (UK time)
21 March 2013
28 March 2013
The dates set out in the timetable above are indicative only and are subject to change at the Company's absolute discretion. The Company intends to announce any change (including any determination of the relevant dates) to the timetable above once the Company becomes aware or determines the necessity of such changes.
Ali capitalised terms used but not defined herein shall have the same meaning ascribed to them in the Offering Letter and which were also set out at the end of the announcement released on the 14 January 2013 in relation to the despatch of the Offering Letter, unless expressly provided or the context requires otherwise.

ENDS

About Alternative Energy

Alternative Energy Limited is headquartered in Singapore. Through its team of Singapore based engineers, Alternative Energy has developed a number of technologies including its patented roof based energy system, the eRoof. The Company is now producing its third generation eRoof for commerciai roll out this year. The Company is also developing a number of energy saving technologies designed to reduce power consumption, led by its LED lighting systems, which will combine with its energy generation systems to enable the creation of energy self sufficient buildings.

'NOW THE WORLD HAS AN ALTERNATIVE' TM

Por further information please see the Company's website: www.alternativenergy.com.sg or please contact:

Richard Lascelles, Independent Non-executive Director Te!: 020 7408 1067

Roland Cornish, Emily Staples and James Biddle, Beaumont Cornish Limited Te!: 020 7628

3396

Erica;;!;, E ive Director Te!: +65 68737782

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