ECG Econergy Intl

    RNS Number : 7702D
  Econergy International Plc
  18 September 2008
   

    

    18 September 2008
    For Immediate Release 

    Econergy International PLC

    Director Resignation

    Econergy International PLC ('Econergy International' or 'the Company') today announces that Mr. Lee Atkins has resigned as a Director
and Chief Financial Officer of the Company effective 17 September 2008. 

    Ms. Elisabeth Castro has been appointed as the Group's Chief Financial Officer with immediate effect. There is no current intention for
Ms. Castro to join the Board.

    Ms. Castro joined Econergy International in 2006 as Controller and has over 20 years of financial and operational experience with
multi-million dollar manufacturing companies at the corporate and divisional levels.  At Econergy International Ms. Castro oversees all of
the domestic and foreign accounting departments, the external audit, taxation requirements, treasury and risk management.  Her areas of
expertise include restructuring divisions, implementing audits and developing processes and controls for finance departments.  She has an
M.S. and BBA in Accountancy from the University of Houston and is also a CPA.

    The Board would like to thank Mr. Atkins for his contribution to Econergy International.

    Econergy International is currently subject to an offer from SESA BidCo Ltd (BidCo), a subsidiary of Suez Energy South America
Participa�es Ltda.   As of 29 July 2008 Bidco announced it had received acceptances in respect to approximately 94.4% of Econergy
International's shares and the offer declared unconditional as to acceptances but still conditional as to certain Brazilian consents. 

    Enquiries

    Econergy International PLC                        
    Tom Stoner                                                                  Tel: + 303.473.9007

    Piper Jaffray Ltd.                
    Michael Covington / Amer Khan                        Tel: +44 (0) 20 3142 8700

    Pelham Public Relations                         
    Chelsea Hayes                                                            Tel: +44 (0)20 7743 6675 
    Archie Berens                                                            Tel: +44 (0)20 7743 6679



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