2VALORISE

Regulatory Filings • Nov 28, 2011

Brussels - 28 November 2011 – 8.00 CET -

Successful co-firing test by an European utility with Bio-Coal supplied by 4Energy Invest

4Energy Invest has supplied an European utility with Bio-Coal made from black torrefied wood chips produced by its industrial size Bio-Coal production unit located in Amel (Belgium).

The objective of the utility was to co-fire the Bio-Coal together with fossil coal. The outcome of the test was successful, meaning that a combination of the Bio-Coal & fossil coal has been used in an existing coal fired station during around 20 hours.

This result is encouraging as no prior modification or investment was made to the existing coal fired station and the Bio-Coal has been processed through the complete existing fossil coal handling chain.

4Energy Invest continues its search for a strategic partner for its Bio-Coal strategy. KBC Securities has been retained by 4Energy Invest to act as financial advisor in this respect.

This press release is made available in English, Dutch and French through our corporate website www.4energyinvest.com

4Energy Invest NV/SA

PRESS RELEASE

Brussels - 28 November 2011 – 8.00 CET -

About 4Energy Invest

4Energy Invest is a Belgian based renewable energy company that aims at creating and managing a portfolio of small to midsized locally embedded projects that valorize biomass, directly or indirectly, into energy. 4Energy Invest identifies potential biomass projects, performs a feasibility study and eventually takes responsibility for developing, financing, constructing and operating the project, in close cooperation with carefully selected suppliers and partners.

4Energy Invest (through its fully owned subsidiary Renogen) has two cogeneration projects, located in Amel (Wallonia, Belgium), that are fully operational.

4Energy Invest (through its fully owned subsidiary Renogen) has constructed in Amel (Wallonia, Belgium) a large scale torrefaction unit to produce BioCoal or torrefied wood pellets with minimum CO2 footprint.

4Energy Invest (through its fully owned subsidiary 4HamCogen) is about to take into commercial operation in Ham (Flanders, Belgium) a 9.5 MW biomass fired cogeneration project in Ham

4Energy Invest continues the preparation of the roll out of the torrefaction technology with permit files that have been obtained in Ham (Flanders, Belgium) and in Reisbach (Germany). Permit files are also under preparation in countries where more abundant biomass resources are available (than in Western Europe) and where integrated projects can be pursued.

4Energy Invest is listed on Euronext Brussels under symbol ENIN.

For more information, please contact: Nico Terry, Chief Financial Officer Tel: +32 (0)2 526 90 13 nico.terry@4energyinvest.com

Yves Crits, Chief Executive Officer Tel: +32 (0)2 526 90 11 yves.crits@4energyinvest.com