GLOBAL ECOPOWER IMPLEMENTS A SHARES CONSOLIDATION AT THE RATE OF ONE NEW SHARE FOR 100 OLD SHARES

OPERATION START DATE: AUGUST 6, 2012

Global EcoPower (GEP), based in Aix-en-Provence and building power plants using renewable energy, is being reorganised and has launched its shares consolidation operation.

Global Ecopower announces the implementation of a share consolidation operation by way of exchange at a rate of one new share for 100 old shares, as it was authorised by the shareholders of the Company in the eighth resolution of the General Meeting held June 29, 2012.

The consolidation operation will begin on August 6, 2012 under the terms of the notice of share consolidation published in the "Bulletin des annonces légales obligatoires" on July 18, 2012.

The shareholders of the Company will receive one new share each of € 0.33 nominal value against 100 old shares of nominal value € 0.0033.

After the consolidation, the equity capital of the Company will consist of 151,116 shares.

Shareholders holding a number of old shares corresponding to a multiple of 100 will be allotted one new share for every 100 old shares by their financial intermediary or broker.

Shareholders holding a number of old shares not corresponding to a multiple of 100 will be personally responsible for contacting their financial intermediary or broker for the sale of their old shares or for the purchase of the number of shares necessary to complete the consolidation of these shares. 

They will have for this purpose a period of two years from the date of commencement of the consolidation operation, which shall end on August 6, 2014.

After the time limit of two years, the new shares not claimed by their rightful owners will be sold in the market and the net proceeds from the sale will be held at the disposal of owners for ten years in an escrow account opened on behalf of the Company with the CM-CIC .

At the end of this period, the amount shall be paid to the Caisse des dépôts et consignations and will remain at their disposal in accordance with legal and regulatory provisions.

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The Group Global EcoPower is building power plants using renewable energy sources. The Company Global EcoPower is listed on the NYSE Euronext Paris Free Market under ISIN code: FR0010519082. Since January 21, 2010, the Company is listed on the Freiverkehr Free Market of the Frankfurt Stock Exchange.

Contact: Global EcoPower - For the attention of Mr Philippe Perret, EVP - 75, rue Denis Papin - 13857 Aix en Provence Cedex.

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