RNS Number : 2016I
  Alternative Energy Limited
  14 November 2008
   

    For immediate release                    14 November 2008


    Alternative Energy Limited

    Share Buyback


    Alternative Energy Limited ('Alternative Energy' or the 'Company') announces that between 9 September 2008 and 11 September 2008 it
purchased 40,042,966 of its own ordinary shares in the share capital of the Company ('Ordinary Shares') at an average price of US$0.043 per
share. Full details of the purchases are as follows:

 Date purchased  Shares purchased  Price (US$)  Consideration (US $)
    9/9/2008        26,666,666        0.030           800,000
   11/9/2008        8,264,800         0.006            52,880
   11/9/2008        1,805,600         0.137           247,943
   11/9/2008        3,305,900         0.03             99,177


    The purchase represents 3.50% of the Ordinary Shares in issue and is pursuant to the articles of the Company, a resolution passed by the
directors and the authority granted at the EGM of the Company on 16 May 2008.
    The shares that have been purchased will be held in Treasury and are not intended to be cancelled. The purchase will reduce the number
of Ordinary Shares (not including those held in Treasury) in issue to 1,143,049,598.
    ENDS

 For further information, please contact:

 Alternative Energy Limited 
 Christopher Nightingale, Chairman         Tel: +65 6532-2122

 Richard Lascelles, Director               Tel: +44 (0) 207 408 1067

 Beaumont Cornish Limited                  Tel: +44 (0) 20 7628 3396 
 Roland Cornish 








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