EURO Frk Eur Igc Etf

RNS Number:5954I
EuroTrust A/S
27 November 2007


Press release

For immediate release

27 November 2007


                                 EuroTrust A/S


                      Placing to raise approximately Euro30m


EuroTrust A/S ("EuroTrust" or "the Company") (AIM:EURO), the wind energy
company, today announces that it has raised Euro31m gross (approximately Euro30m net
of expenses) through a share placing ("the Placing").

Under the Placing, EuroTrust has issued 3,735,000 new ordinary shares at a price
of Euro8.30 per share, a premium of 2% to the current mid market share price. The
Placing is with funds managed by Invesco Perpetual, which funds already hold
6,121,000 ordinary shares in the Company (15.9% of the ordinary shares in issue
prior to the Placing). The Placing Shares will represent approximately 8.8% of
the Company's enlarged issued share capital and application has been made for
admission of the Placing Shares to trading on AIM. The total number of shares in
issue following completion of the Placing will be 42,263,260, of which 9,856,000
shares (23.3%) will be held by funds managed by Invesco Perpetual. The Directors
consider, having consulted with its Nominated Adviser, Cenkos Securities plc,
that the terms of the Placing are fair and reasonable insofar as its
shareholders are concerned.

The proceeds of the Placing are to be used primarily to fund the further
development of the Company's portfolio of wind energy projects in Poland. In
particular, part of the proceeds will fund construction of the first phase of
the 51MW Karcino Wind Farm, allowing the Company to circumvent the difficulties
in raising construction finance in this relatively immature financing market.
Construction of the first phase of the development is expected to complete in
October 2008, allowing a debt refinancing of the project and repayment of the
Company's equity investment in the construction finance, with revenue generation
from the project expected from the fourth quarter of 2008. Work on the necessary
grid upgrading is close to being completed.

Robert Skjodt, CEO, commented: "Poland is an attractive market with increasing 
demand for renewable energy driven significantly by progressive regulation. 
Our pipeline in Poland is significant and its development will give us a very 
strong foothold in this important market."


                                    --ENDS--


For further information please contact:

EuroTrust                          00 45 7696 6000
Robert Skjodt

Cenkos Securities                  00 44 (0)20 7397 8926
Stephen Keys

West Hill Corporate Finance        00 44 (0)20 7464 8822
Alan Richards

Haggie Financial                   00 44 (0)20 7417 8989
Peter Rigby/Alexandra Parry


Notes to Editors:

EuroTrust


EuroTrust A/S is a leading European renewable power producer listed on the AIM
market of London Stock Exchange. EuroTrust A/S has 171 MW of wind power
generation in operation or under construction in Germany, Italy, Spain and
Poland. Additionally, EuroTrust has 44 commercial and residential property
development projects in Denmark and Norway.







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

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