Re Alliance with IMServ

    Embargoed: 0700hrs, 28 June 2007

                          Energy Asset Management PLC                          

                 ("Energy Asset Management" or the "Company")                  

                        Strategic Alliance with IMServ                         

Energy Asset Management PLC's wholly owned subsidiary, Energy Assets, is
delighted to announce the formation of an alliance with the UK's largest and
most experienced independent energy data collector, IMServ, part of Invensys
plc. The agreement is structured to enable a reciprocal provision of skills and
services to provide energy users with a complete and reliable energy data
collection and management solution.

Since its establishment in 1992 IMServ has built a considerable and unrivalled
presence in the collection and management of electricity data for both the
half-hourly and non half-hourly electricity markets. Their clients range from
multiple site retailers, such as Alliance Boots, to manufacturing businesses
and local and national government organisations, such as Thames Valley Police
and MOD. Existing and new customers are increasingly demanding similar
solutions for their gas consumption, to allow a complete energy data collection
and management solution. This is an area where Energy Assets' skills will
provide IMServ with the ability to confidently deliver its clients a complete
energy solution.

Energy Assets' role will include the exchange of gas meters, where the current
meter technology does not allow for the collection of data and the fitting of
dataloggers, as well as the infrastructure for the ongoing management of
information. In a like for like exchange of skills, IMServ's electricity meter
installation, operation and data collection infrastructure will be available to
Energy Assets to provide to its customers.

Managing Director of Energy Asset Management, Alan McKeating, commented,

"IMServ are unrivalled in their experience in electricity meter operation and
data collection in the UK. For them to commit to an alliance with Energy Assets
is a tremendous endorsement of our growing reputation in the sector and, in
particular, for gas related services. As a result of this agreement, we expect
to significantly grow our customer base, which already includes such businesses
as Marks & Spencer and Woolworths. We look forward to a long and mutually
beneficial relationship with IMServ."

Managing Director of IMServ, Steve Brown, said,

"This exciting new relationship provides a positive move in the world of energy
solutions and a great opportunity to deliver complete end to end gas solutions
to the market place. IMServ has been impressed with both Alan McKeating and his
team and we feel that through fusing both companies' operational and technical
capabilities this robust alliance will assist to eliminate the recognised
hurdles that many energy users are facing within the energy arena. We look
forward to this innovative relationship with Energy Assets."

For further information please contact,

Energy Asset Management PLC

Stephen Barclay, Chairman

Tel. [phone]

Alan McKeating, Managing Director

Tel. [phone]

www.energyassets.co.uk

http://www.imserv.invensys.com/

Hansard Group

Ben Simons

Tel. [phone]

Gavin Burnell

Ruegg & Co. Limited

Tel. [phone]



END