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Dyesol Limited: - Seite 2

provides the springboard for commercial product development and any push to
volume manufacturing.

Since 2008, the team has been working steadily and both companies have made
crucial financial and personnel investments in the joint venture.  Dyesol
is the holder of the principal intellectual property underpinning the
venture, and is the DSC materials (high value-add dyes, pastes and
electrolytes) supplier.

This DSC showcase project in South Korea is a significant milestone in the
pathway to the large-scale commercial application of DSC in the built
environment, providing application data crucial in focussing product
development activities needed before scaling up manufacture.  It clearly
demonstrates that DSC is poised to make a significant impact on the energy
footprint of buildings, where the building fabric becomes an active power
generator.

Dyesol acknowledges the Seoul Economic Times and Dyesol-Timo internal
reporting for part of the information used in this release.

About DYESOL Limited

Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology
and know-how.  DSC is a photovoltaic technology enabling metal, glass and
polymeric based products in the building, transport and electronics sectors
to generate energy and improve energy efficiency.  Dyesol partners with
leading multinational companies who possess significant market share and
established routes-to-market.  The company is listed on the Australian
Stock Exchange (DYE), the German Open Market (D5I.F), and is trading on the
OTCQX (DYSOY) through its depositary BNY Mellon.  Learn more:
www.dyesol.com   Subscribe to Mailing List and eNewsletter here.

About the Technology - DYE SOLAR CELLS

DSC technology can best be described as ´artificial photosynthesis´ using
an electrolyte, a layer of titania (a pigment used in white paints and
tooth paste) and ruthenium dye deposited on glass, metal or polymer
substrates. Light striking the dye excites electrons which are absorbed by
the titania to become an electric current. Compared to conventional silicon
based photovoltaic technology, Dyesol´s technology has lower cost and
embodied energy in manufacture, it produces electricity more efficiently
even in low light conditions and can be directly incorporated into
buildings by replacing conventional glass panels or metal sheets rather
than taking up roof or extra land area.

- Ends -

Media & Investor Relations Contacts:
Australia    Viv Hardy, Callidus PR   Tel: [phone] or +61 (0)411
208 951
Dyesol Headquarters    Angela Geary, Dyesol Brand Manager  Tel:  +61 (0)2
6299 1592,   [e-mail]
USA & the Americas    Josh Seidenfeld, Antenna Group   Tel:  [phone]
1953,    [e-mail]
Germany & Europe    Eva Reuter, DR Reuter Investor Relations   Tel:  +49
177 605 8804

End of Corporate News

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20.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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161286 20.03.2012