GHF Greenhouse

RNS Number:4016A
Greenhouse Fund Limited (The)
27 March 2006



For immediate release                                              27 March 2006


                            The Greenhouse Fund Ltd.


                        ("Greenhouse" or "the Company")


                               Maiden Investment


The Greenhouse Fund Limited ("Greenhouse") is pleased to announce it has agreed
to invest in Molectra Australia Pty Ltd ("Molectra") and to work with it to
enable it to develop its patented technology.


The technology involves a sustainable process for the re-cycling and recovery of
materials used in vehicle tyres which has exciting potential commercial
prospects (the "Technology"). The Technology has been developed over the last 10
years and has won several international awards and prizes during this time, such
as the Global 100 Eco-tech award at the 2005 World Expo. It has also been
independently assessed by Brown & Root in a 2001 report.


The Molectra investment is Greenhouse's first investment since coming to AIM in
January 2006.

Greenhouse believes the Technology facilitates a commercially viable process for
recovering the valuable commodity materials found within used vehicle tyres. The
disposal of tyres is a major environmental issue as shredding and land-filling,
the main disposal method currently utilised, is being increasingly banned or
becoming prohibitively expensive around the globe. Greenhouse is of the view
that these legislative and commercial pressures present a major opportunity for
Greenhouse and the Technology which should further benefit from government
incentive schemes designed from an environmental protection perspective.


Greenhouse is investing up to #750,000 to enable the existing Molectra plant and
process to be scaled up and to provide the support and business infrastructure
required to deliver the Technology on a larger scale. The terms of such
investment are summarised below. An 8 to 12 month demonstration trial will be
undertaken at Molectra's plant, during which potential customers will examine
the process. Upon the successful completion of the pilot, Greenhouse will
consider further funding options for the next phase of development. It is
anticipated the pilot test results will be available by the first quarter of
2007.


Greenhouse's investment of up to #750,000 in Molectra is structured by way of a
convertible note secured over its assets and which, upon conversion, would
equate to an equity interest of approximately 32% of Molectra. Intellectual
property rights in the Technology are held by Molectra Holdings, a company
controlled by John Dobozy, the inventor of the Technology, and Molectra will
have the benefit of these rights under a licence.

Greenhouse considers the Technology to have the potential to make an impact
within the global used tyre recovery market, and will update shareholders with
any further developments accordingly.


For further information please contact:


Paul Gazzard,
Greenhouse Advisor Ltd.
Email: pg@greenhousefund.co.uk


Charles Ryland/Ben Willey
Buchanan Communications
020 7466 5000



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