AERIS ENVIRONMENTAL LTD — Capital/Financing Update 2007

Nov 26, 2007

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MARKET RELEASE

27 November 2007

Aeris Technologies Ltd

TRADING HALT

The securities of Aeris Technologies Ltd (the “Company”) will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Thursday, 29 November 2007 or when the announcement is released to the market.

Security Code: AEI

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Sarah Donnelly Adviser, Issuers

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Aeris Technologies Ltd ABN: 19 093 977 336 Level 1, 5/26-34 Dunning Ave Rosebery NSW 2018 Australia

27 November 2007

Tel: +61 2 8344 1315 Fax: +61 2 9697 0944

Ms S Donnelly Advisor Issuers Department Australian Securities Exchange

Dear Sarah

Request for Trading Halt

I refer to our telephone conversation and hereby apply for a trading halt on the Company’s traded securities under Listing Rule 17.1 for a period of up to two days pending an announcement to the market concerning a capital raising. The Company expects to make an announcement concerning the capital raising prior to the commencement of trading on Thursday 29 November 2007 to end the trading halt. The Company is not aware of any reason why the trading halt should not be granted.

Yours sincerely

AERIS TECHNOLOGIES LTD

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Robert J Waring Company Secretary

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