(6 October 2011, Mielec) E-Star is commissioning state-of-the art gas engines and implementing organizational restructuring in Poland.

Today E-Star Alternative Plc. closed its bond issuance for non-institutional (retail) sector with great success. Retail investors suscribed E-Star bonds worth of HUF 326 million. Institutional and retail investors susbscribed HUF 2,2 billion worth of bonds altogether.

E-Star Alternative Plc. closed its bond issuance for institutional sector with great success. During 3 days, intitutional investors suscribed E-Star bonds worth of HUF 1,9 billion.

E-Star Alternative Plc initiates new issues of its corporate bond program. The Company is planning to issue fixed rate and floating rate bonds. The bonds will be dematerialized securities with maturity of 3 years and 8 months, as well as five years. The fixed rate bonds will be issued with a cou-pon of 10,24% and a yield (EHM) of 10,27%, while the yield of the floating rate securities will be re-priced every six months. The subscription period is open for institutional investors between 24th and 26th May 2011, for non-institutional (retail) investors between 24th May and 3rd June 2011.

E-STAR DOUBLES BUSINESS WITH ACQUISITION

E-Star Alternative Plc. signed an agreement to purchase the equity of EETEK Group for EUR 21 million. The acquisition enables E-Star to get access to energy generation capacities of MielecSp.z.o.oand GorliceSp.z.o.o.as well as to control the electricity trading services of EuroenergetykaSp.z.o.o. E-Star also acquires FondElec PolskaSp.z.o.o.in Poland and two Hungarian projects. The acquisition is perfectly in line with E-Star’s strategy and adds an estimated EUR 5,1mn EBITDA in 2011.The revenue of E-Star is expected to grow by EUR 40mn.