22 February 20
    GB00BD065038

                                   Energy Circle PLC                               
                                   ("Energy Circle")                               

               Framework agreement entered into with Reliance Energy Ltd           

    Energy Circle, a developer, builder and operator of renewable, clean and
    alternative energy projects, is pleased to announce that it has entered into a
    framework agreement with Reliance Energy Ltd ("Reliance") under which Energy
    Circle [may] [,subject to contract,] [acquire] one or more UK projects from
    Reliance.

    Reliance is a well-established developer of electricity generation projects and
    currently has a pipeline of projects in the development phase with 240MW of
    potential generating capacity. This pipeline is expected to grow in the coming
    months.

    It is expected that Reliance will identify and commence the development phase
    of projects (including completing permitting for the relevant site) with a view
    to Energy Circle then being offered the opportunity to acquire those projects.
    Energy Circle will pay Reliance a fee in respect of the projects it acquires.
    If Energy Circle acquires a project, it will complete the build phase of the
    project and commence operation. 

    The projects identified by Reliance will be distributed generation plants.
    These are plants which are connected directly to the electricity distribution
    network rather than the transmission network. The development and construction
    of this generation capacity will help provide much needed electricity to the UK
    during periods of high demand.

    COMPANY CONTACT DETAILS:

    Energy Circle Plc
    Queens Court
    24 Queen Street
    Manchester
    M2 5HX

    Telephone: +44 (0) 203 709 4707

    http://invest.energycircleplc.com/

    GIBRALTAR STOCK EXCHANGE CORPORATE ADVISER:

    Alexander David Securities Limited
    David Scott -Corporate Finance
    James Dewhurst - Institutional Sales 

    Telephone: +44 (0) 20 7448 9820
    http://www.ad-securities.com

    49 Queen Victoria Street, London EC4N 4SA