ASX Announcement Thursday, 18th December 2014 Carnegie Director appointed to Board of Ocean Energy Europe Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) is pleased to advise of the appointment of its Executive Director of Business Development, Mr. Kieran O'Brien, to the Board of Directors of Ocean Energy Europe (OEE).

Kieran O'Brien joins Oliver Wragg of Orkney-based European Marine Energy Centre (EMEC) and the Chief Executive of Scottish wave energy firm Aquamarine, John Malcolm as new directors on the Board which met earlier in the month to hold formal elections at the OEE's Annual General Meeting.
"I am delighted to have been elected to the Board of OEE by my peers. The ocean energy space is presenting incredible opportunities in Europe and I will work alongside other members to promote and support the industry." Mr O'Brien said.
Ocean Energy Europe is the trade association for ocean renewables in Europe. The association is based in Brussels and has nearly 80 members including: Alstom, DCNS, EDF, GDF Suez, Scottish Development International, Scottish Power Renewables and Siemens.

About Carnegie

Carnegie Wave Energy Limitedis an Australian, ASX-listed (ASX:CWE) wave energy technology developer. Carnegie is the 100% owner and developer of the CETO Wave Energy Technology intellectual property.

About CETO

The CETO system is different from other wave energy devices as it operates under water where it is safer from large storms and invisible from the shore. The technology is capable of generating power onshore or offshore depending upon the specific characteristics of a project site.

CETO technology characteristics include:

Converts ocean wave energy into zero-emission electricity and desalinated water.

Environmentally friendly, has minimal visual impact and attracts marine life.

Fully-submerged in deep water, away from breaking waves and beachgoers, and unaffected by storms.

For more information:

Dr Michael Ottaviano

CEO & Managing Director

Carnegie Wave Energy Limited

+61 8 9486 4466 enquiries@carnegiewave.com Website: www.carnegiewave.com

distributed by