Plutus PowerGen plc / Ticker: PPG / Index: AIM

1 August 2016

Plutus PowerGen plc ('PPG' or 'the Company')

Warrant Extension

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, announces the extension to the expiry date of  unexercised warrants held by Charles Tatnall, Executive Chairman of PPG, and James Longley, Chief Financial Officer of PPG, to 22 August 2017.

The warrants referred to above were granted on 5 August 2014 over a total of 40,000,000 existing ordinary shares of 0.1 pence each ("Ordinary Shares")  exercisable at a price of 0.9 pence per Ordinary Share up until 22 August 2016 ("Warrants"). Mr Tatnall and Mr Longley were each granted 20,000,000 Warrants on 5 August 2014 and each exercised 10,000,000 Warrants on 1 February 2016. Accordingly, Mr Tatnall and Mr Longley each now hold 10,000,000 Warrants exercisable at 0.9 pence per Ordinary Share up until 22 August 2017.

Warrants Extended

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

Notes to Editors

Plutus PowerGen plc is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK. At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK. To this end, PPG is initially focusing on delivering 200MW of capacity by the end of 2017 and currently has a project pipeline of potential development sites with 700MW of power generation capacity.

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.