Re Agreement

RNS Number : 0581L
HydroDec Group plc
05 January 2009

HYDRODEC GROUP PLC ("Hydrodec" or the "Company")
Hydrodec partners with Con Edison to recycle used transformer oil

5 January 2009

Hydrodec is pleased to announce an agreement with Consolidated Edison Company of New York ("Con Edison") under which Hydrodec will
receive all of Con Edison's used transformer oil.

Under the agreement, which commences 1 January 2009 and is for a period of 3 years, Hydrodec is to receive a minimum of 450,000 gallons
per annum (approximately 1.7 million litres) of used transformer oil. This oil will be re-refined and converted into SUPERfine at the
Canton, Ohio plant.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the US's largest investor-owned energy companies, with
approximately $13 billion in annual revenues and $29 billion in assets. The utility provides electric, gas and steam service to more than 3
million customers in New York City and Westchester County, New York.
Con Edison operates one of the most complex electric power systems in the world. It is also the world's most reliable, since fewer
customers experience fewer outages for shorter periods of time compared with other utilities. The company delivers electricity to more than
3 million customers through a huge transmission and distribution network. Con Edison has built the world's largest system of underground
electric cables to accommodate the congested and densely populated urban area it serves. The system features approximately 94,000 miles of
underground cable. Con Edison's nearly 36,000 miles of overhead electric wires complement the underground system.
"Con Edison relies on hundreds of thousands of gallons of high quality transformer oil for the efficient and reliable operation of our
electrical equipment in New York City and Westchester County," said David P. Roche, a senior scientist in the company's environmental health
and safety group. "Once the transformer oil becomes degraded, it is removed and replaced. In the past, our used oil was burned for its fuel
value. Committing to eliminate this practice, Con Edison chose Hydrodec to help manage our used oil in a sustainable way. By supplying our
oil to be safely re-refined by Hydrodec, our environmental stewardship is maximized, conserving a valuable petroleum resource and providing
a sustainable, high quality transformer oil to the electric industry."

John Gunn, Chairman of Hydrodec commented: "This agreement will provide Hydrodec with a significant amount of feedstock for our
operations and shows acceptance of the Hydrodec technology as well as its green credentials in the United States. We are delighted that Con
Edison selected Hydrodec to recycle its spent transformer oil which will, in turn, allow us to supply our US transformer manufacturing
customers with SUPERfine."

For further information please contact:
Hydrodec Group plc 020 7621 5774
John Gunn, Chairman

Numis Securities Limited 020 7260 1000
Nominated Adviser: Simon Blank
Corporate Broker: David Poutney / Alex Ham

Curve PR 020 8742 1597/ 07764 197003
Emma Davis

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

END

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