TIDMLEAF

RNS Number : 9965I

Leaf Clean Energy Company

06 June 2014

Leaf Clean Energy ("Leaf" or the "Company")

6 June 2014

Portfolio Update - MaxWest investment written to nil

Leaf Clean Energy have been advised by the Company's representatives on the Board of MaxWest Environmental Systems, Inc., ("MaxWest") that it is experiencing severe financial difficulties. Maxwest recently requested further funding from Leaf and other investors to finance its business but neither Leaf nor any other investor made an additional investment.

The Company has a 44.0% interest in MaxWest and as at 31(st) December 2013 the Company valued its interest as US$17.2 mn (out of a total portfolio value of US$162.6mn). On the basis of this new information the Company has written the value of the investment to nil.

Enquiries:

   Leaf Clean Energy                      +1 (415) 264 5096

Mark Lerdal, Chairman

   Cenkos Securities plc                  0207 397 8980

Ivonne Cantu, Nomad

This information is provided by RNS

The company news service from the London Stock Exchange

END

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