18 January 2017

                                                                       GB00BD065038

                                   Energy Circle PLC                               
                              ("EC Plc" or "the Company")                          

                          £250,000 Convertible Loan Agreement                      

    Energy Circle Plc, is pleased to announce that it has entered into an 8%
    convertible loan agreement (the "Convertible Loan") with Energy Circle
    Management Ltd ("ECM"). The convertible loan will convert into fully paid
    Ordinary Shares of ECM. The £250,000 convertible loan will be used by ECM to
    enter into an option agreement with a confidential third party to acquire the
    development rights of a 5.3MW (elec) advanced conversion technology biomass
    combined heat and power project in Scotland, which is all held in a SPV. The
    option agreement fee of £250,000 is non-refundable. The project has Renewable
    Obligation Certificates ("ROCs") of 1.8 and Renewable Heat Incentives.

    Energy Circle Plc already has an option agreement with Energy Circle
    Developments Ltd ("ECD") to acquire ECM. It will now finalise its due diligence
    on this biomass project and decide whether to exercise its option and acquire
    ECM along with the project SPV. 

    Neither this announcement nor the information contained herein constitutes an
    offer or solicitation by Energy Circle Plc for the purchase or sale of any
    securities

    nor does it constitute a solicitation to any person in any jurisdiction where
    solicitation would be unlawful.

    The directors of Energy Circle Plc accept responsibility for this announcement.

    COMPANY CONTACT DETAILS:

    Energy Circle Plc
    Queens Court
    24 Queen Street
    Manchester
    M2 5HX
    Telephone: +44 (0) 203 709 4707
    http://invest.energycircleplc.com/


    GSX 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