First Day Dealings on AIM

RNS Number:8128W
Greenhouse Fund Limited (The)
12 January 2006


For Immediate Release                                            12 January 2006

                          The Greenhouse Fund Limited

                          ("Greenhouse" or "the Fund")

                          Admission to trading on AIM

                           #9.8 million fund raising

The Fund (AIM : GHF) is a newly incorporated, Jersey domiciled closed-ended 10
year investment company, formed to create a diverse portfolio of sustainable
environmental technology investments.

The Fund will consider all industries or parts of the Environmental Sector,
which shall, include the following:

   *environmental protection;
   *environmental monitoring and detection;
   *collection, treatment, prevention and elimination of pollutants;
   *waste management; and
   *renewable energy sources.

The Fund will apply rigorous assessment criteria to any potential investment
targets which will have to demonstrate some or all of the following
characteristics:

   *innovative environmental technologies with a sustainable business model;
   *ownership of patents, processes, know-how or other intellectual property;
   *management with technical expertise and understanding of their technology
    within the Environmental Sector;
   *the need for capital investment and working capital;
   *technology which is close to commercial realisation.

The Fund has raised #9.8 million gross through the Placing of 98,000,000 new
shares at 10p per share, and will commence trading on AIM at 08.00 a.m. on 12
January 2006.

Commenting on the Fund, Paul Gazzard, Director of the Strategic Adviser of the
Fund said:

"Environmental technologies are becoming increasingly important to the global
economy, driven by legislation and the need to identify new solutions to
conserve finite resources. The Fund will invest in targeted areas of this
sector, which are forecast to become exciting commercial propositions in the
short to medium term."

For further information please contact:

Greenhouse Advisors
Paul Gazzard                                              01725 510 383
Rodger Sargent                                            020 7399 4260

Evolution Securities                                      020 7071 4300
Michael Brennan

Buchanan Communications                                   020 7466 5000
Charles Ryland
Ben Willey
Eleanor Williamson



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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