Leaf Clean is a closed-end investment company established to invest in clean energy companies and projects primarily in North America. Following the merger with Trading Emissions plc ("Trading Emissions") the Company will have a balanced portfolio of carbon credits and renewable energy assets in the US, Asia, Africa and Latin America. Admission is being sought as a result of the merger with Trading Emissions plc announced on 17 December 2009 (the "Merger") which, due to its size, constitutes a reverse takeover of Leaf Clean under the AIM Rules.

Investing Policy:

Leaf Clean's objective shall be to make capital and income returns from investment in renewable/clean energy technology and projects, emission reduction credits and related projects or businesses.

Investments may be made by Leaf Clean in businesses and projects that have the potential to promote sustainable development objectives in sectors such as clean energy production, energy efficiency and other greenhouse gas emissions abatement activities, including waste management, biofuels and forestry.

Investments shall be global, initially focused on the United States, China, South East Asia and Latin America but extending into Europe and other regions when suitable opportunities arise. Assets may include listed and private equity, venture capital, debt and tradable emission credits.

The stage of investment may vary, for example from early stage project development finance and construction equity through to the acquisition of privately-held clean energy infrastructure projects which are operational.

Leaf Clean shall be vertically integrated, being involved throughout the supply chain, investing in activities ranging from technology development and commercialisation through to portfolio-based project implementation and operation.

Investments may be actively or passively managed. The length of time that investments are held will vary depending on the type of investment and may range from very short term to a duration of several years.

Leaf Clean will seek to diversify its investments and it is expected that no single investment will at the time of investment represent more than 20 per cent. of Leaf Clean's gross assets.

Exit from investments may be organised in any way considered appropriate including through trade sale or initial public offering. Emission reduction credits may also be commercialised through an exchange or privately traded where a premium to exchange prices may be achieved.

There are no specific restrictions on Leaf Clean's borrowings. The use of borrowings will be in the Directors' absolute discretion.

Any material change to Leaf Clean's investment policy will be made only with the approval of shareholders by way of an ordinary resolution.

Listing exchange: AIM

Expected first day of trading: 2010-02-23

Expected money raised: None