Camco is a global developer of greenhouse gas emission reductions and clean energy projects. Have been providing their clients with project development expertise, technical delivery capabilities and policy advice for over 20 years.

Recent write ups

Investor Chronicle
Created: 19 April 2011 -- Written by: Graeme Davies

Camco crystallising value
Clean energy project developer Camco International continues to build long-term value in its business. In its six-monthly update, the company said its portfolio of carbon credits, delivered from projects in the developing world which it has helped to originate, has continued to grow. Its portfolio for delivery before the end of the current phase of the Kyoto Protocol in 2012 edged up by 3 per cent and its post-2013 portfolio increased by 33 per cent. Crucially, 70 per cent of its portfolio is now registered with the UN, a key landmark before credits can be created.

SHARE TIP UPDATE:
Buy
As well as being pushed upwards by the rising oil price, carbon pricing has hardened further since the Japanese nuclear disaster. On average, forward pricing contracts have risen by 19 per cent over the past quarter. This bodes well for Camco, which is building up significant unrealised value in its portfolio. Buy.

Visitors    

RNS Number : 2097K

Camco International Ltd

12 July 2011

Camco International Limited

Carbon Project Development update 30 June 2011

Post 2012 portfolio increases and pre 2012 forward sales

Camco, a global developer of emission reductions and clean energy projects, is pleased to provide the following carbon update for the six month period ending on 30 June 2011.

Highlights:

-- Camco has executed a series of forward sale transactions locking in a favourable price for 1.5m tonnes of carbon credits

-- Increase in Camco's in-specie volumes and delivery of carbon credits for Q2 2011:

Volume :

o 14% increase in the post 2012 in-specie tonnes to 41.5 million (compared to 36.2m tonnes in Q1 2011)

o Stable pre 2012 in-specie tonnes of 26.6 million (26.6m tonnes in Q1 2011)

Delivery

o 1.9m tonnes delivered (compared to 2.9m tonnes in Q1 2011)

-- Deliveries and sales have resulted in the Company having a strong cash position of EUR13.9 million (approx.) at 30 June 2011 (EUR12.4 million in 31 December 2011)


EU-ETS Eligible Portfolio as of 30 June 2011
------------------ ---------------------------------------------------
Predicted Tonnes
(m) 2008-2012 2013-2020
------------------ ------------------------------------ -------------
Delivered To Deliver
or Title and Title
Sold Retained Total To Deliver
------------------ ------------ ------------- ------- -------------
In specie 9.0 17.6 26.6 41.5
------------------ ------------ ------------- ------- -------------
Revenue Share 8.6 13.8 22.5 0.4
------------------ ------------ ------------- ------- -------------

Camco has achieved a substantial increase in its in-specie carbon post 2012 portfolio which was driven largely by Camco's strong market position in the Chinese market. Camco's commercial strategy is to execute long term structured sales when the market is right, reducing exposure to short term swings in the carbon price. In the first half of 2011 Camco was successful in executing a series of structured transactions and deliveries from its projects, at a time when the market environment was favourable.

The increase in portfolio volumes means Camco is due to receive a greater number of carbon credits. Projects that are registered and have an operational track record can be forward sold for a higher price relative to the market. Camco's weighted average purchase price remains stable at EUR8.6 per tonne for future delivery of the pre-2012 portfolio.

Other business update

Camco's Project business during the last quarter achieved financial close and commenced construction of the largest dairy biogas project in North America.

Camco's Advisory business is performing in line with expectations and has secured a strong order book for the balance of the year.

Scott McGregor, Camco CEO, said:

"Camco has achieved further growth in its carbon portfolio in the first half of the year which supports long term value to our clients and the company. We have continued to execute commercial transactions and deliveries from our projects at favourable market prices."

Keep a watch


On the up today with some good size lots. Yesterday was the last day for closing T+20 from the last starting large rise 4 july, ( I have noticed this is a turning point for MMs to marked up the stock again)

Nice summary: from proactive investors on 12 July 11

http://www.proactiveinvestors.co.uk/companies/news/30522/camco-international-continues-to-close-commercial-deals-at-favourable-market-prices--30522.html

"Camco International continues to close commercial deals at favourable market prices
Tue 8:02 am by Jamie Ashcroft

During the first half of 2011 Camco has successfully executed a series of structured transactions and deliveries, while the market environment was favourable.

Camco International (LON:CAO) continues to close commercial deals at favourable market prices, chief executive Scott McGregor told investors.

This morning the group, which develops emission reduction and clean energy projects, gave investors an update on its carbon portfolio operations for six months ended 30 June 2011. Camco said its commercial strategy is to execute long term structured sales when the market is right.

During the first half of 2011 Camco has successfully executed a series of structured transactions and deliveries, while the market environment was favourable.

During the period Camco achieved a substantial increase in its in-specie post-2012 carbon portfolio. The improvement was largely driven by the groups strong market position in China, Camco said.

"Camco has achieved further growth in its carbon portfolio in the first half of the year which supports long term value to our clients and the company," said chief executive Scott McGregor.

"We have continued to execute commercial transactions and deliveries from our projects at favourable market prices."

Camco highlighted that it has executed a series of forward sale transactions, which have locked in a favourable price for 1.5 million tonnes of carbon credits.

In-specie carbon volumes increased by 14 percent in the post-2012 portfolio to 41.5 million tonnes, and the group said it has a stable 26.6 million tonnes of pre-2012 in-specie carbon. Increased volumes mean that Camco will be due a greater number of carbon credits.

During the period Camco delivered 1.9 million tonnes of carbon. The group said that carbon deliveries and sales have produced a strong cash position of 13.9 million at year end.

Looking at its other businesses Camco highlighted that the project business unit achieved financial close on the largest dairy biogas project in North America, and construction work is now underway.

Elsewhere Camco said that the advisory business unit is performing in line with expectations, and it has secured a strong order book for the balance of the year."

Today's news ...........

28 July 2011

Camco International Limited ("Camco" or "the Company")

Strategic update on US business

Camco, a global developer of emission reductions and clean energy projects, is pleased to provide the following update on its US business.

Highlights
-- Camco's large dairy biogas project in the US is now under construction and on track to generate energy and revenues in the first quarter of 2012

-- Camco currently has over 2 million tonnes of carbon credits under management in North America with over 1 million tonnes registered

-- Camco, with its partners, was awarded a share of $1.5 million grant from the US Department of Agriculture to develop a program to improve nitrogen management practices on farms and reduce N(2) O emissions, a potent greenhouse gas

Over the past 3 years Camco has expanded its presence in North America, making major progress in the first half of 2011. One of the company's primary areas of focus is the development of clean energy projects in the agricultural sector. Anaerobic digestion of manure from livestock operations in the US has the potential to produce more than 4,500 MW of base load generation and large volumes of emissions reductions. Non-manure agricultural feedstock has significant potential to generate renewable energy as well as other environmental benefits.

Camco now has an established track-record in converting emissions reductions from agricultural sources into high-quality, compliance eligible offsets.

Camco's project development in the US

Camco has put together a consortium AgPower Group LLC ("AgPower") with extensive experience in building anaerobic digesters that successfully convert manure and other agricultural organic feedstock into renewable energy. The initial focus of AgPower Group is on the dairy sector with a view to expanding into other agricultural feedstock areas.

As announced on 16 May 2011, Camco is currently constructing what will be the largest dairy biogas project in North America, in Idaho, designed to capture biogas from cow manure and provide the fuel for 4.5MW of electrical generation capacity. This capacity translates into 39.4 million kWh of generation. Completion of construction is anticipated in the first half of 2012. The project is wholly owned by Camco and operated by AgPower.

Camco's Idaho project will convert manure from over 10,000 cows into energy. Cement work is scheduled for completion in the third quarter of 2011, the generators for the project have been ordered and the installation is expected to start generating power in the first quarter of 2012.

Camco's Carbon project development in the US

Camco has been expanding its carbon portfolio in North America and has over 2 million tonnes of emissions reductions under contract to date.

Camco has seven projects registered with the Climate Action Reserve and another four projects on track for registration by the end of 2011.

Camco has monetised over 100,000 credits from CAR agricultural projects to date through a combination of forward and spot transactions and anticipates further sales during 2011.

Shares Mag article a few weeks back

"Having spent several years developing its portfolio of carbon credit projects, the cash is now starting to pour into Camco International (CAO:AIM).

This is good reason to buy at 19.5p. The company has attractive growth prospects and is starting to take A step-up in activity and income has made Camco an attractive stock to own. It is getting more involved in projects
that qualify for government-led financial incentives and securing a decent long-term income stream.

Sector: Support Services
Sub-sector: Business Support Services
Business: Project management and
advisory services on clean energy generation
and related schemes
Vital stats:
Market value: 37 million
Historic PE Dec 2010: 8.4
Prospective PE Dec 2011: 7
Prospective PE Dec 2012: 4.9
Prospective sector PE Jun 2012: 13.1

Camco is a misunderstood company in that most people think it is a carbon
trader. This is not the case. Its main activity is project management to help
third parties set up renewable energy generation projects which qualify for
fiscal incentives. It also helps parties to sell green credits onto heavy polluters mostly utility companies and to advise on energy efficiency schemes.

For example, a steel mill is a typical customer. The 37 million cap will
find regulatory incentives to reduce emissions and suitable projects to
achieve this goal, charging a fee as a adviser. It would then develop, build
(via contractors), own and operate the clean energy project. Camco would get
a stake in the project which would generate carbon and energy revenue
streams from the sale of electricity. It would get a percentage of any carbon
credits once the steel mill manages to reduce its emissions.

Rather than operate along the lines of a traditional infrastructure consultant
or engineer and charge project fees, Camco prefers to structure most of its
income as long-term royalties.

A key driver for projects is the United Nations-administrated Kyoto Protocol.
This is an international agreement for countries to cut their greenhouse gas
emissions. The target is for an average 5% reduction on 1990 levels by 2012.
The looming deadline means there should be a rush of activity over the
next year. The US has not signed up to Kyoto but still presents a major opportunity for the company. There are significant financial incentives to have renewable energy projects in North America.

Camco unveiled the first of what it believes will be numerous projects last
month (16 May). It is working with consortium AgPower to set-up North Americas largest dairy biogas facility.

Around 15,000 cows will provide methane-rich manure that Camco will convert into energy from early 2012. It will cost less than $25 million to set up,
funded by debt. There are five sweeteners to the project. It will get income tax credits; a cheque for 30% of the construction cost from the government; feed-in-tariff income from the electricity generation; renewable energy credits; and carbon credits. Furthermore, it will produce fertiliser from the manure-to-energy conversion process. After giving the farmer 40%, the remaining
60% of the product will be sold on the open market.

As standard fertlisers give off emissions, Camco expects to sell its product
for a premium price as it will be more environmentally-friendly through
being an organic non-emitting fertilizer.

Camco is expanding its Chinese operations to capitalise on tough measures
in the country to reduce carbon emissions. The Chinese government has set a deadline of 2020 to cut emissions of carbon relative to economic growth by 40% to 45% compared with 2005 levels. Camco has already completed around 40 projects with cement companies and expects to see greater opportunities in the near future.

The business has flourished as its quoted peer group has dwindled away.
EcoSecurities started out as a similar operator to Camco but slowly concentrated more on the financial side and ended up being acquired by JP Morgan in 2009. Trading Emissions (TRE:AIM) did what it said on the tin but struggled to find new deals and is currently selling its assets and plans to return cash to shareholders. Econergy International was more like Camco but ran in to difficulties in financing its carbon credit projects and was snapped up by South American utility Suez in 2008."

Brokers forecast

Peel Hunt 01-07-11
BUY
2011 Pre-tax 4.28M EPS 2.28p

2012 Pre tax 8.56M EPS 4.50p

At those numbers, the shares stand on a foward PER of 4.4 !!

CHARTING
Indicators on the turning and share price much the same on what it seems an Intraday "double bottom"

RNS Number : 6165O

Camco International Ltd

21 September 2011

Camco wins significant clean energy contracts in East Africa

(London, Dar es Salaam, Nairobi, 21 September 2011) Camco, a global developer of clean energy solutions and projects to reduce greenhouse gas emissions has been awarded two new project development contracts in East Africa worth USD1.8 million in revenue over the next three years.

The first is a USD1 million solar photovoltaic (PV) clusters project in Tanzania and the second is USD0.8 million project to provide technical assistance in the development of Clean Development Mechanism (CDM) projects in Uganda. These two deals follow similar contracts in Botswana and Uganda that Camco has won in the past 2 years.

Camco believes that there is now a real drive to make clean energy projects work in many parts of Africa. Over the last two decades the company has been working with national governments, national and international corporates and non-governmental organisations. Camco provides project development, technical design and engineering, and procurement services as well as strategy development, planning and securing finance with the goal of making clean energy projects a reality on the ground.

In 2010 renewable energy investment in Africa increased by 384% from USD 0.7bn in 2009 to USD 3.6bn. While this amount represents less than 5% of global new investment it does show the significant increase in attention given to the region by investors. A combination of factors is responsible for this sharp increase: the urgent need to scale up power capacity as a means of addressing energy access needs; the pressure applied to largely fossil-fuel based energy generation in South Africa, which provides much of sub-Saharan energy grid power; the prolonged high oil price levels; and the international pressure for emission reduction initiatives.

Yariv Cohen, President of Camco commented: "Over the last few years there has been a significant increase in the attention given to the need for distributed energy generation from renewables, in Africa. Camco has been developing projects in Africa for the past 20 years and in the last year, we are seeing a clear change in the pace of market development with support from international bodies, African governments, and local communities on the ground."

"We believe there is now a real opportunity to create localised off-grid solutions to clean energy generation that meet local needs and conditions and that will substantially improve living standards. It is staggering that currently 93% of Tanzanians use wood and charcoal as their primary source of energy. This needs to change."

"As we move closer to the COP17* in Durban in December and indeed beyond, we foresee even faster growth in the sector and a more fundamental shift towards clean energy generation. These new contracts underline the trust that our partners have in Camco's expertise."

In Tanzania, Camco has won a contract from the European Union (EU) to scale up its existing Solar Photovoltaic (PV) Clusters project, installing small-scale solar home systems (SHS) in a further 15,000 homes in the Lake Victoria region of the country over the next three years.

The PV Clusters project aims to reduce key market barriers to the development of solar PV systems in rural Tanzania by enabling large groups of farmers, mine workers, teachers or palm oil producers to finance, purchase and install small-scale solar homes systems (SHS) in bulk, thereby achieving significant economies of scale.

SHS are expected to play an important role in meeting the growing energy demand in Tanzania's rural areas. Currently only 15% of the population has access to electricity according to the country's Ministry of Energy and Minerals and an estimated 5.1 million rural households have no grid connection. Tanzania ranks amongst the world's top ten countries for solar insolation making SHS ideally suited to deliver electricity to rural communities in off-grid areas.

Tim Clarke, Head of EU Delegation in Tanzania said: "In Tanzania the potential for generating power from solar systems is virtually untapped. I am sure that this can be a very powerful tool for promoting sustainable rural development. We are happy to work with Camco which has recognised expertise in this area. We hope this pilot project can introduce new technologies that can be spread widely across Tanzania."

The second contract is worth USD0.8 million with Camco providing technical assistance in the development of Clean Development Mechanism (CDM) projects for the Belgian Development Agency (BTC) in Uganda. Camco leads a consortium, which includes Carbon Africa and Climate Change Concern, appointed to build local expertise in areas of carbon development that currently represent barriers to emission reduction projects in Uganda.

Camco will identify project ideas; undertake feasibility studies; attract CDM financing for eligible projects; and undertake CDM project documentation throughout the entire CDM project cycle.

Both schemes are expected to make a substantial contribution to improving people's living standards and will help drive further economic development.

-Ends-

AGM Statement.

AGM Statement
Camco International Limited ('Camco', AIM: CAO), a global developer of emission reductions and clean energy projects, will make the following statement at its AGM today, covering relevant developments in the global macro-regulatory environment and its recent operations.

Regulatory Progress and Continued Delivery

Regulatory highlights

There have been significant regulatory advances in a number of regions in the last quarter that will act as key drivers in the emission reduction and clean energy markets, in which Camco is active, over the course of the next few years, these include:

The Australian Senate passed on November 8th 2011 a clean energy bill establishing an A$23 (17) carbon price from mid-2012 and floating price Emissions Trading Scheme (ETS) from mid-2015. Up to 50% of emissions may be covered through purchase of international offsets.

California has progressed towards its cap-and-trade scheme following the Air Resources Board approval on October 20th 2011 of its final regulations for the scheme to start in 2013. Indicative broker offer prices are up to USD $13.00 (9.66) from USD$11.75 (8.73) in July 2011.

Quebec adopted on July 7th 2011 draft cap-and-trade regulations with compliance commencing 2013. Other Canadian provinces and US states are set to follow under the Western Climate Initiative, a growing collaboration between jurisdictions to jointly reduce emissions.

China State Council approved on November 9th 2011 its 12th 5-year plan targets to reduce energy intensity 16% and carbon intensity 17% by 2015, and increase non-fossil fuel primary energy consumption from 10% to 15% by 2020. As part of this, China is piloting four city and two provincial carbon ETS's in 2013, towards the establishment of nationwide cap-and-trade scheme in 2015.

EU Heads of State endorsed on 23rd October 2011 the EU position for COP17 in Durban in December 2011. The EU has stressed a desire for a comprehensive global legally binding framework with a clear timeline. The extension of the Kyoto Protocol to a second commitment period and corresponding treaties covering additional countries are seen as a possible means towards this.

Operational highlights

Camco's post-2012 in specie portfolio has grown to 45.9 million tonnes as at 31 October 2011

Strong delivery of 1.5 million tonnes from our pre-2012 in specie portfolio since half year.

Construction of the company's dairy biogas project in North America is ahead of schedule for completion early 2012.

Our Camco South East Asia joint venture signed Carbon Development Contracts (CDCs) totalling 2.8 million tonnes since half year.

Up over 9% today on reasonable volume.

RNS Number : 8240T

Camco International Ltd

13 December 2011

PRESS RELEASE

Camco signs assessment and monitoring contracts for energy efficiency projects with largest cement producer in China

(London, Beijing, 13 December 2011)

Camco International Limited (Camco, AIM: CAO), Camco, a global developer of clean energy projects and solutions to reduce greenhouse gas emissions , has signed new contracts with Anhui Conch Cement Company Limited (Conch), the largest cement producer in China. The contracts will see Camco provide assessment and monitoring services for 37 individual energy efficiency projects at cement production facilities owned by Conch.

For the assessment and monitoring services, Camco will receive an annual cash service fee payment up to 2020. Collectively these projects are designed to generate 29.5 million CERs during the period 2012 to 2020. 24 of the projects are operational, 16 of which have already been successfully approved and registered under the Clean Development Mechanism (CDM) with a total approved volume of 14.2 million credits.

For the remaining 13 projects, Camco will provide the carbon project development as well as assessment and monitoring services.

Conch projects use advanced high efficiency waste heat recovery technology to capture heat from the cement making process and recycle it to produce power in onsite power plants, with a total capacity of 718.8 MW displacing electricity that would previously have been taken from the local grid which is powered by fossil-fuels.

Camco and Conch first started working together in 2005, working on the Ningguo waste heat recovery project, the first in a series of energy efficiency projects at multiple Conch production facilities. The project used Japanese advanced high efficiency waste heat recovery technology, which had at that point never before been commercially financed in China. Since then the number of projects both companies work on together has expanded to 24 and now 37.

Fang Qunsheng, Executive Director Development Department of Conch Group commented: "We have a long history of working successfully with Camco to achieve carbon and energy savings at our facilities and are therefore pleased to be continuing our relationship. Conch and Camco both place environmental protection and energy efficiency as a top priority. By working closely with Camco we have been able to access the finance and expertise needed to put our ideas into practice and achieve significant energy savings across our portfolio of cement production facilities."

Yariv Cohen, President of Camco commented: "We are delighted to sign these contracts with Conch, a company with which we have built a strong working relationship over the last five years and which has shown great vision in working to reduce emissions. By working with Conch and leading Chinese companies, we continue to develop and monitor energy efficiency projects that have both a positive and long-lasting impact on the environment and produce an additional source of revenue for our clients and us. Camco has developed a total of 51 energy efficiency projects in China across industry sectors including cement, iron and steel."

Background

Cement Industry in China

In 2009, profits of the cement industry in China totalled RMB 40 billion, with over RMB 10 billion stemming from waste heat recovery and energy efficiency projects. The Chinese cement production in 2009 amounted to 1.65 billion tons; responsible for 5% of China's total energy consumption and 30% of China's total industrial granule emissions. According to the twelfth five year plan, granule emissions of the cement industry have to decrease by 50% and NOx emissions need to decrease 25% based on 2009 levels.

Energy efficiency in China

Chinese companies are increasingly looking to reduce their environmental impact following the publication of the country's 12th Five-year Plan in March 2011, which included a number of energy and emissions reduction targets totalling 16% by 2015. Camco is expanding its activities in industrial energy efficiency in China, where we see significant potential and growth and where we enhance our established relationships and our local team expertise. Camco has been providing carbon and energy services in China, drawing on the company's ability to bring together global expertise in energy efficiency with local execution familiar with the country's specific regulatory framework and culture.

-Ends-

RNS Number : 8386U

Camco International Ltd

03 January 2012

Camco International Limited

Carbon Project Development update for the six months to 31 December 2011

Camco International Limited ("Camco"), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions, is pleased to provide the following carbon update for the six months to 31 December 2011.

Highlights:

-- Contracts signed to provide assessment and monitoring services for 37 energy efficiency projects with China's largest cement producer;

structure provides Camco a share of revenue at any carbon price

-- Overall increase in post-2012 portfolio to 39.9 million in specie and 27.5 million revenue share tonnes (30 June 2011; 41.5 in specie and

.4 revenue share)

-- Titles sold or delivered for 3.8 million in specie tonnes and 0.9 million cash share tonnes in H2 2011

-- Cash balance of approx. EUR11.3 million at 31 December 2011 (31 December 2010: EUR12.4 million)

-- 2011 carbon price decrease will require a year end accounting adjustment materially reducing accrued income balance to the value of

accrued costs and payments on account received

-- EU committee vote passed to withhold 1.4 billion tonnes of EUAs from ETS Phase III and eliminate more than 8.5 billion tonnes by 2050

which would tighten the future market significantly

-- As separately announced today, Zainul Rahim, a Khazanah Nasional Berhad nominee joins the board of Camco International Limited as a

non-executive director. Payar Investments Ltd (subsidiary of Khazanah Nasional Berhad) is a 23.14% shareholder in Camco

Scott McGregor, Camco CEO, said:

"This year we have seen an acceleration in signing of new contracts mainly in the energy efficiency sector and a growth in our post 2012 portfolio. We view a favourable future for the carbon market in the medium and long term, although depressed current prices in the EU market will impact the company's near term performance we finish the year with a solid cash balance. The innovative assessment and monitoring services contract signed recently is testament to Camco's ability to continue to leverage value from our business even in the toughest trading conditions, whilst the recent action by the European Parliament gives further indications following Durban that the market is set to turn around in the medium term."

RNS Number : 8385U

Camco International Ltd

03 January 2012

Camco International Limited

Board appointment

3rd January 2012

Camco International Limited ("Camco") is pleased to announce the appointment of Zainul Rahim as a Khazanah Nasional Berhad nominee Non-Executive Director to the Board of the Company. Payar Investments Ltd (subsidiary of Khazanah Nasional Berhad) is a 23.14% shareholder in Camco.

Zainul Rahim, a graduate in Engineering (Mechanical) from the University of Western Australia, has some 30 years experience with Shell in the upstream oil and gas sector.

Zainul is currently a board member of Universiti Kebangsaan Malaysia Holdings Sdn Bhd, Bank Pembangunan Malaysia Bhd and Petronas Carigali Sdn Bhd. He is also the Chairman of Hibiscus Petroleum Bhd, a listed company in Malaysia.

Zainul was a Supervisory Committee member of Sime Darby's Energy & Utilities Division till mid 2010, and during his tenure in Shell, he sat on the board of 12 companies. He was also the Chairman, Director, Trustee and member of various NGOs, including the Society of Petroleum Engineers AsiaPac, Petroleum Industry of Malaysia Mutual Aid Group, Business Council for Sustainable Development Malaysia, and Malaysian International Chamber of Commerce and Industry.

Bit of a run ashore this morning +19%

North America update

Highlights:

· Camco's 4.5MW biogas project in Idaho commenced operations and is generating power

· Camco has invested capital during the period to qualify an additional approximate $50 million in future biogas power projects for the United States Treasury's 1603 cash grant program

· Camco anticipates a further portfolio of several biogas projects of approximately $150 million to commence construction over the next 24 months.

· 27% increase in issued carbon credits

· Pre-compliance carbon prices for California increased during the 4th quarter 2011 following regulatory approval of California's cap-and-trade program.

PRESS RELEASE

Camco International Limited

Sale of UK Advisory Business for £4.5m

(London, 16 January 2012)

Camco International Limited ("Camco"), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions, is pleased to announce the sale of its UK advisory business, Camco Advisory Services Limited, to Baxi Partnership Limited.

The UK advisory business currently employs 58 staff and was purchased as part of the ESD transaction[1] in 2007. The business was successfully turned around from being loss making in 2009 to profitable in 2010 and 2011[2] with a net profit before tax in 2010 of £0.5m.

The sale follows a review by the Camco Board in which the UK advisory business was considered to be outside the Company's core business of clean energy project development and carbon. The cash raised as part of this transaction will be used to grow these businesses in its key geographic markets.

Following the sale, Camco, with its expert team of 126 staff remaining around the world will continue to build up its energy project development business across North America, Africa, and Asia, with an anticipated portfolio of energy projects of approximately £250m value to be built and invested in over the next 24 months. The group announced on 10 January 2012 that its North American Biogas project has commenced power generation and that further investment was made to secure grant funding for its next phase of biogas projects of approximately $50 million capital cost.

In addition to the growing energy projects business Camco continues to leverage value from its carbon portfolio particularly its post 2012 portfolio which currently stands at 39.9 million tonnes of in specie credits and 27.5 million tonnes of revenue share credits and its growing North American carbon portfolio.

Camco will continue its advisory business in Africa and leverage its expertise and presence to expand into carbon and energy projects under favourable regulation in that region. Camco will also continue to provide certain advisory services globally outside the UK in regions where it provides strategic benefit to the development of its core clean energy project and carbon businesses.

Total consideration for the sale of Camco Advisory Services Limited (UK) is £4.5m comprising an initial £3.25m paid on closing and £1.25m over the next two years through an earn-out structure. The business sold has a book value to the company of £2.1m.

Scott McGregor, Camco CEO said

"Camco has now transformed the business into a clean energy project development business alongside a carbon projects business. After a successful turnaround of the advisory business it made sense to put 100% of our efforts and resources into growing these core businesses in North America, Asia and Africa. This transaction allows the UK Advisory team to grow and expand independently and we wish them great success for the future, thank the team for their hard work and we look forward to collaborating on future projects"

Camco International Ltd
("Camco")

Director and senior management change
The Board of Camco International Limited ("Camco") announces that Emmanuel Walter will join the company as Chief Financial Officer with effect from February 1st 2012 and that Yariv Cohen, President, has today stepped down from the Board.

Jeff Kenna, Acting Camco Chairman said "I would like to thank Yariv for his help in turning round the business over the last few years and wish him every success."

Emmanuel Walter joins from Alstom where he was CFO of Alstom Grid in Shanghai. Previously he has held senior financial positions in ABB Power Product and Alstom Power Service both in China.

Emmanuel is an ACCA fellow and has BSc in Applied Accounting, an MBA in Business & Administration and a degree in Electrical Engineering.

"Emmanuel brings a wealth of financial experience working in the power sector in China, a key market and geography for Camco and will be a strong addition to our team. I look forward to working with him as part of our senior management team as we expand our clean energy business." Scott McGregor, CEO, said.