RNS Number:6709P
Greenhouse Fund Limited (The)
10 March 2008


                                                                 

                          The Greenhouse Fund Limited

                          ("Greenhouse" or "the Fund")

                   First Molectra Australia Contract Awarded

The Directors of Greenhouse (AIM:GHF) are pleased to announce that its tyre
recycling subsidiary Molectra Australia Pty Ltd ("Molectra"), has been awarded
its first large-scale contract to supply anti-cast products made from its
recycled rebonded crumb rubber to the equine market. This contract should ensure
Molectra achieves a minimum of breakeven by the end of Q3 2008.

The contract will be supplied out of Molectra's Loganholm, Brisbane production
facility and marks a key turning point for the technology as it moves from the
research and development phase to a commercially viable process.

Molectra was established in 2000 and has developed a sustainable process that
re-cycles and recovers materials including crumb rubber, oil and carbon from
used vehicle tyres. The technology has been developed over the last 10 years and
has won many international awards and prizes during this time, including the
2007 DaimlerChrysler Australian Environmental Research Award.

Roger Maddock, Non-executive Director commented, "I am delighted that following
the hard work that has gone into developing and commercialising Molectra, this
first significant contract validates the technology. It is testament to the
efficiency of the process that one contract can take an R&D facility into
profitability."

For further information please contact:


Paul Gazzard
Greenhouse Advisor Ltd.
Tel: 020 7355 7660
Email: pg@greenhousefund.co.uk


Stephen Mischler / Tim Graham
Matrix Corporate Capital LLP
020 7925 3300


Graham Herring
Threadneedle Communications
Tel: 020 7936 9605
Email: graham.herring@threadneedlepr.co.uk




NOTES TO EDITORS

About Greenhouse

Greenhouse is an AIM quoted Jersey domiciled closed-ended investment company
established to invest principally in sustainable environmental technologies to
create a portfolio of investment holdings in the environmental sector.




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

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