Press Release
Share Price Movement
Dublin, Ireland - 30 January 2007
The Board of AgCert™ International Plc notes the movement in the company's share price today. The Board confirms that there is no operational reason to explain the share price movement and reaffirms its expectations contained in the trading update released on December 21 2006.
For 2007 the company expects to see an incremental increase in the run-rate capacity of 5 million CERs. The forward run-rate at the end of 2007 will therefore be an annualised 8 million CERs.
In 2008 the company intends to create a further 5 million CERs so that at the end of 2008 the company will have a productive forward run-rate of an annualised 13 million CERs.
At the time of the trading update the company referred to an efficiency run rate of 50%. The implementation of new processes continues to positively impact output levels so that on a like-for-like basis operating levels are at 60% efficiency.
The company will release full year figures for the year to end 31 December 2006 on 26 March 2007.
ENQUIRIES:
| College Hill | |
| Mark Garraway/Anthony Parker | +44 (0)207 4572020 |
