EANS-News

PI Power International Limited (in liquidation)/ Board Announces It Intends to Sell Stratius Investments Limited

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Strategic management decisions

The board of directors (the Board) of PI Power International Limited
(in liquidation) (the Company) has decided to sell Stratius
Investments Limited, the Company's Cyprus-registered subsidiary
(Stratius) that holds the claim for the arbitration award in relation
to the Karpat Energo investment.

The Company intends to undertake an auction process in order to sell
Stratius to an interested party, in accordance with the special
shareholder resolution approved during the extraordinary general
meeting of April 2009.

Further inquiry note:
Metrum Communications
Theo Bousek
T: [phone]
E-mail: [e-mail]

end of announcement euro adhoc
--------------------------------------------------------------------------------

company: PI Power International Limited
1st Floor, 7 Bond Street
A-JE2 3NP St Helier, Jersey, Channel Islands
mail: [e-mail]
WWW: www.powerinternational.eu
sector: Energy
ISIN: AT0000A05W59
indexes: other securities.at
stockmarkets: Third Market: Wien
language: English