ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2007

Mar 13, 2007

ABN 28 009 120 405

14 March 2007

Company Announcements Office Australian Stock Exchange Limited

Dear Sir /Madam

By e-Lodgement 1 page

ECT executes a Heads of Agreement

Environmental Clean Technologies Limited (ECT) is pleased to announce that the company has executed a binding Heads of Agreement with Synnex Holdings for a proposed 50/50 joint venture in the Republic of Indonesia.

Synnex Holdings is a Hong Kong based private investment company with resource and infrastructure interests in the Republic of Indonesia.

The Coldry Cleancoal and Matmor Steel technologies will be positioned in a range of project opportunities by the joint proposed venture company to be named "Environmental Clean Technologies Indonesia" (ECTI). A number of opportunities exist based on the vast coal and iron ore reserves of the region, including power generation, steel manufacturing and coal to oil projects that the joint venture will endeavour to capitalise on.

The full value to ECT of this opportunity will not be known until project feasibility activities have been completed and further announcements will follow.

Synnex Holdings will invest AUD\$2m in Environmental Clean Technologies Limited, upon execution of the Joint Venture agreement.

The company remains in discussions with a number of interested parties and we expect to be in a position to make further announcements in the near future.

Ends.

For and behalf of the Board.

SEAN HENBURY Company Secretary

For further information, please contact:

DANNY MILLS CEO Phone: (03) 9684 0888

Environmental Clean Technologies Limited Level 13 222 KingsWay Sth Melbourne VIC 3205 T: (03) 9684 0888 F: (03) 9696 7811