March 11, 2014

Energy Assets Strengthens its Business Development Team

David Sing has joined Energy Assets, the UK's leading independent provider of gas metering services to the I&C sector*, to add momentum to the company's move into new and growing markets.

As Business Development Manager, he will be responsible for broadening the reach of the company's expanding portfolio of multi-utility products and services, which includes automated meter reading, infrastructure works and a recently-launched demand management platform focused on the electricity sector. He brings a wealth of experience to his new role, having worked in the utility sector for over 25 years, most recently with Honeywell and Technolog.

"Energy Assets has grown significantly in just a few short years and our continued investment in innovative technologies is opening up significant opportunities to help industrial and commercial organisations enhance their energy efficiency," says Kenny Cameron, Director of Strategic Development. "David's expertise in working alongside utilities and end users will be important as we bring new products and services to market."

High on the agenda is the roll-out of Z-LYNK, Energy Assets' demand management technology that is capable of controlling potentially millions of electrical devices simultaneously and remotely. It has already been adopted to control street lighting in the City of London and to manage storage heating in London borough blocks of flats.

Said David Sing: "This is a very exciting time to be joining such a dynamic and ambitious company. Energy Assets continues to broaden its multi-utility portfolio and I am very much looking forward to helping private and public sector organisations exploit these technologies to use energy more efficiently and more sustainably."

*by number of meters owned and management

Ends

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Notes:

Energy Assets Group

Energy Assets Group plc is the largest independent provider of industrial and commercial ("I&C") gas metering services in the UK (by number of meters owned and managed).

The company has trading relationships with 28 gas suppliers and has developed a market offering that includes infrastructure works, metering solutions and Automated Meter Reading (AMR) services.

The Group's key area of activity is the ownership, supply, management and maintenance of I&C gas meters through its accreditation as an OFGEM-approved Meter Asset Manager (MAM). When combined with its AMR Service Provider Code of Practice (ASPCoP) accredited AMR offer and its Gas Industry Registration Scheme (GIRS) accredited gas infrastructure service, the result is an innovative product and service portfolio that directly meets the needs of gas suppliers and I&C end users. Energy Assets currently has an asset base of **97,000 meters and collects data from **c.59,500 data points - and its agreements with gas suppliers cover over 80% of the I&C market by volume of gas supplied.

Headquartered in Livingston, Scotland,Energy Assets possesses a customer base includes some of Britain's best known industrial and commercial brands as well as major public sector organisations.

**As at December 31, 2013 Interim Management Statement