ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2009

Mar 3, 2009

Environmental Clean Technologies Limited

ABN 28 009 120 405

Revised Share Purchase Plan proposal

Wednesday 4 March 2009: Environmental Clean Technologies Limited (ASX:ESI) wishes to announce a revision to its proposed Share Purchase Plan (SPP). Details of the SPP were announced on 2 February 2009.

After reviewing the company’s cash needs and capital requirements, the Board has determined to reduce the maximum raising under the SPP to 175 million shares ($3.5 million).

Chief Executive Kos Galtos said the Board’s decision was in an effort to mitigate dilution while complying with ASX Listing Rule 7.16. “During this time of fundraising, it is ESI’s preference at all times to minimise dilution for our loyal shareholder base,” he said.

“Listed companies, under ASX Listing Rule 7.16, cannot issue options if it would have more options on issue than underlying shares.

“As a result the terms of the SPP offer will be modified so that applications in excess of 175 million shares ($3.5 million).will be scaled back on a pro rata basis.”

ESI will seek shareholder approval of the SPP at a General Meeting held in Melbourne today, Wednesday 4 March 2009. The Notice of Meeting and Proxy Forms have been posted to all shareholders. Details about the General Meeting are available on www.ectltd.com.au

For further information contact;

Chief Executive Kos Galtos +61 3 9684 0888.

Coldry Process

The world’s first economic method for dewatering brown coal, creating a high energy pellet with significantly reduced CO2 emissions compared to brown coal, while being suitable for export as a black coal substitute.

Matmor Process

A one-step method for producing low-carbon iron from inexpensive, abundant brown coals and metal bearing media such as mill scale, nickel tailings and low grade iron ore.

Level 1, 530 Little Collins Street � Melbourne � Victoria 3000 � Australia � +61(0)3 96840888 � www. ectltd.com.au