Europlasma: Reserved Capital Increase Over-Subscribed - Private Placement Fully Subscribed - Governance Changes Implemented

BORDEAUX, France, August 25, 2010 /PRNewswire-FirstCall/ -- The two capital increases launched by Europlasma on July 12th, 2010 with a view to financing part of its share for building the first CHO-Power plant have been carried out successfully. They will enable the Group to start building the first CHO-Power unit at the Morcenx site very soon.

The first capital increase with preferential subscription rights maintained was a resounding success. To meet the excess demand, the extension option concerning 15% of the total gross amount of the operation was exercised in full. In this way, the operation was increased from an initial amount of 1,982,578.65 euros to 2,279,964.75 euros following the exercising of the extension clause, with the creation of 1,470,945 new ordinary Europlasma shares.

The second capital increase, through a private placement with qualified investors, was also fully subscribed for. This operation represents 4,029,112.50 euros, based on the issuing of 2,302,350 new preferred shares at a price of 1.75 euros per share.

The funds raised - over 6.3 million euros - will enable Europlasma to complete the closing of its deal with its financial partner who will bring in total 26MEUR (capital and interests), enabling the launch in the coming days of the construction of the first CHO-Power plant (biomass and/or residual waste power production based on an enhanced gasification technique using the plasma torch's technological advances) in Morcenx (France, 40). Overall, the project financing of this plant will go up to 40MEUR, raised in less than 6 months.

For Didier Pineau, the Europlasma Group's Chief Executive Officer, "The success of these two operations within a tough market environment and the usually unfavorable summer months proves the relevance of the CHO-Power concept and reflects the result of human and financial efforts made over the past few months in order to make this concept a reality. I would like to thank the Group's many individual shareholders as well as our main shareholders for this further expression of their support, which is going to make it possible to start building our first CHO Power plant with our financial partner."

Furthermore, as announced at the general shareholders' meeting on June 30th, the Group's governance structure is changing. The Board of Directors has elected Pierre Catlin as Non Executive Chairman. Pierre Catlin has over 25 years of C-level experience within the Suez Group and has strong expertise in the waste and utilities industries. He had joined Europlasma as a member of its Strategic Investments Committee in May 2009. Didier Pineau 's Group CEO position has been renewed for 5 years., as well as Jean Claude Rebischung's position of Group Deputy Chief Executive.

    The structure of the Board of Directors is now as follows:

    - Pierre Catlin, Non Executive Chairman,
    - Didier Pineau, Group Chief Executive Officer,
    - Jean-Claude Rebischung, Group Deputy Chief executive and CEO
      of Europe Environnement,
    - Kim Ying Lee,
    - Erik Martel, representing preferred shareholders,
    - Roger Ammoun, DLJ MB Advisor's permanent representative.

About Europlasma

Founded in 1992, Europlasma is a French Group specialized in clean technologies and renewable energy production. The Europlasma Group is made up of four main units and 260 employees who are all firmly committed to sustainable development and experts in waste processing and reclamation.

    - Europlasma develops, produces and markets waste processing
      and energy production solutions based on its proprietary plasma torch
      technology.
    - Inertam is the global specialist for the destruction and
      reclamation of asbestos and hazardous waste.
    - CHO Power is a waste gasification power producer (EfW -
      Electricity from Waste).
    - Europe Environnement is the European market leader for
      ventilation and air depollution systems for industry.

    http://www.europlasma.com

    Alternext - NYSE Euronext Paris
    Ticker: ALEUP
    ISIN: FR0000044810]



    Press and investor contacts
    Europlasma
    Didier Pineau / Anne Borderes
    [email protected]
    Tel: +33-5-56-74-73-72

    Atout Capital Finance
    Eric Parent / Melanie Bonanno
    [email protected]
    Tel: +33-1-56-69-61-81

    Calyptus
    Marie Ein / Alexis Breton
    [email protected]
    Tel: +33-1-53-65-68-68

SOURCE Europlasma