Issue of Equity

    Embargoed: 0700hrs 26 March 2007

                          ENERGY ASSET MANAGEMENT PLC                          

                                (the "Company")                                

                                ISSUE OF EQUITY                                

Energy Asset Management Plc, providers of metering services to commercial and
industrial energy users, is pleased to advise that it has today issued a total
of 32,000,000 new ordinary shares at 1.25p per share (the "Placing") to raise
gross proceeds of £400,000.

The Company has recently been awarded a number of important contracts, which
include Marks & Spencer, Woolworths and an unnamed UK Energy Supplier, which
have accelerated the expansion of Energy Asset Management Plc's business. The
proceeds will be used to implement the required infrastructure at a faster rate
than previously anticipated and for general working capital purposes. All
Company directors have personally supported the Placing as detailed below.

The new ordinary shares rank pari passu with all existing ordinary shares and
application has been made for the new shares to be admitted to AIM with trading
expected to commence on 2 April 2007.

The following group directors have subscribed for shares in the Placing:

Energy Asset Management Plc

Director                     Number of shares          Amount     Percentage of
                                   subscribed      subscribed   ordinary shares
                                                                  following the
                                                            £           Placing
                                                                               
Stephen Barclay                     2,400,000          30,000               5.8
                                                                               
Non-executive Chairman                                                         
                                                                               
Alan McKeating                      1,200,000          15,000              15.8
                                                                               
Managing Director                                                              
                                                                               
Philip Bellamy-Lee                  1,600,000          20,000              11.3
                                                                               
Sales Director                                                                 
                                                                               
John Butler                         1,600,000          20,000               2.1
                                                                               
Finance Director                                                               
                                                                               
Lance O'Neill                       1,600,000          20,000               1.1
                                                                               
Non-executive Director                                                         
                                                                               
John Shaw                             800,000          10,000               3.2
                                                                               
Non-executive Director                                                         

Energy Assets Limited

Gary Rimmer                         3,200,000          40,000               3.8
                                                                               
Non-executive Director                                                         

Following the Placing the number of ordinary shares in issue will be
278,768,383.

For further information, please contact:

Stephen Barclay, Non-executive chairman

07767 444114

Alan McKeating, Managing Director

07843 231372

Ben Simons, Hansard Group

Tel. [phone]

Gavin Burnell, Ruegg & Co.

Tel. [phone]



END