Highlights of Acta’s Results for Year Ended 31 December 2007

Acta, the AIM listed catalyst developer, today announces its preliminary results for the twelve months ended 31 December 2007.

2007 Highlights

Strong growth in revenues following increased product sales, the launch of new products and the targeting of new markets
First major development contract announced with a global manufacturer, and Sumitomo Corporation
Commercial traction in core markets of hydrogen generation and waste to energy
Strategic investment of Ł4.6m by Sumitomo Corporation
Technical milestones achieved and seven new patent applications filed
Operational targets achieved with commissioning of pilot production plant resulting in annual capacity of up to €4.5m
Recruitment of industry leading management

2007 Financial Results

Revenues increased sharply to €600k (2006: €72k)
Loss before tax of €5.5m (2006: €4.8m)
Operating cash outflow of €4.1m (2006: €3.9m)
Year end cash of €7.9m, better than expectations
Ł5.75m placing provides sufficient funds to 2010

2008 First Quarter Progress

First phase of existing development contract delivered on time. Negotiations underway for next phase
Collaboration agreement signed with Tokuyama Corporation, leading membrane maker, to co-ordinate development activities
Collaboration agreement signed with CMR focussed on the portable fuel cell sector

Low cost disposable fuel cell units developed and exhibited as battery replacement for low power units

Robert Drummond, Chairman of Acta, said:

"Acta enjoyed a successful 2007. Encouraging revenue growth underpinned the strong commercial interest in our HYPERMEC catalysts and we successfully targeted new markets for further growth. We have met all our commercial, technical and operational milestones and we have secured further funding for our growth plan. 2008 has started well for the company and we are confident that we shall demonstrate further commercial progress and revenue growth as we drive the commercialisation of Acta's key catalyst technologies."