Acquisition

    RNS Number : 6482K
  Nature Technology Solutions Limited
  23 December 2008
   

    Nature Technology Solutions Ltd 
    ("the Nature Group" or "Nature")
    Acquisition
    The Directors of Nature are pleased to announce that Nature has signed an agreement for the immediate acquisition of the 50% of its
Gibraltar port waste operation, Slop Oil Reception and Treatment Ltd ("SORT"), not already owned by Nature.
    The consideration for the acquisition will be the issue of 14,040,486 new ordinary shares of 0.2p each in Nature. The vendor, WOMS
Limited ("WOMS") has agreed to contemporaneously sell 2,386,000 of those shares at a price of 20p per Nature share to Trucial Energy
Limited, a company controlled by a Trust in which the family of Richard Eldridge, the Chairman of Nature, has a potential beneficial
interest. Following these transactions, WOMS will retain an interest in 11,654,486 ordinary shares, representing 29.99% of the enlarged
issue share capital of Nature, and the interests of Richard Eldridge and his family will amount to 4,086,000 ordinary shares (10.51%). On
completion of this transaction Darren Laguea, the Managing Director of SORT, will join the Board of Nature. WOMS is owned by a trust in
which the family of Mr. Laguea has a potential beneficial interest.
    This transaction will result in the Nature Group consolidating 100% of the Gibraltar operations it commenced in 2001 and is an exciting
step forward for Nature, complementing its successful wholly owned businesses in Norway which provide waste treatment systems and services
primarily to the oil industry. This acquisition will also strengthen the Group's potential expansion into the port services industry in
other locations.. In the six months ended 30th June 2008, the Gibraltar operations achieved a net profit of £436,501 on a turnover of
£1,054,983 and in the second half of 2008 are anticipated to achieve similar results, providing a significant increase to Group revenues and
profits.
    Application has been made for the 14,040,486 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on
29 December 2008.
    Note:
    As required to be disclosed under the AIM Rules, Darren Paul Laguea, aged 42, is a director of SORT and of Java Oil Limited.

    For further information, please contact:

    Nature Technology Solutions Limited
    Richard Eldridge, CEO                     Tel: [phone]

    Nature Technology Solutions Limited
    Peter Snell                                        Tel: [phone]

    Seymour Pierce Limited
    Jonathan Wright, Director                Tel: [phone] 


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