FRE Freeplay

RNS Number:7367I
Freeplay Energy PLC
29 November 2007

29 November 2007

                              FREEPLAY ENERGY PLC
                  ("Freeplay" or "the Group" or "the Company")
                                        
                                Private Placement
                                        
The Board of Freeplay Energy plc, the original and leading global brand of
clean, dependable energy products, is pleased to announce that it has
successfully raised a further US $1.26 million (approximately #0.61 million) in
a placement of new ordinary shares at a price of 5 pence per ordinary share with
private investors ("Private Placement").

The Private Placement is in addition to the #1.47 million or US $3.04 million
(before expenses) raised by way of a placing and subscription of 34,709,751 new
ordinary shares at a price of 5 pence per ordinary share announced on 20
November 2007 ("Placing and Subscription"). The issue of the new ordinary shares
in connection with the Private Placement and the Placing and Subscription are
conditional, inter alia, on the passing of Resolutions at the General Meeting to
be held on 13 December 2007.

Application will be made to the London Stock Exchange for the new ordinary
shares to be admitted to trading on AIM. The new ordinary shares will, when
issued, rank equally in all respects with the existing ordinary shares,
including the right to receive any dividend or other distribution declared, made
or paid following Admission.

The Board expects that the total funds raised from the Private Placement and the
Placing and Subscription of approximately US $4.3 million (before expenses) will
satisfy working capital requirements of the Company through to at least the
third quarter of the financial year commencing 1 January 2008.

Rory Stear, Chairman of the Group, commented:

"The Board is pleased to have raised sufficient funds in the two placings to
provide the Group with funds which are expected to take it well into the third
quarter of next year. I am also delighted by the confidence shown by the Board
and senior management team, who have all participated in the fundraisings."

General Meeting
As announced on 20 November, a General Meeting of the Company will be held at
11.00 a.m. on 13 December 2007 at the offices of Edwin Coe LLP, 2 Stone
Buildings, Lincoln's Inn, London, WC2A 3TH at which Shareholders will be asked
to consider the resolutions outlined in the Circular dated 20 November 2007
necessary to approve and implement the Private Placement and the Placing and
Subscription.

                                    - ends -

For further information, please contact:

Freeplay Energy plc                                                020 7851 2630
Rory Stear, Chairman

Weber Shandwick Financial                                          020 7067 0700
Louise Robson or James White

Charles Stanley (Nominated Adviser)                                020 7149 6000
Mark Taylor

Notes to Editors

Freeplay Energy plc is the original and leading global brand of clean,
dependable energy products. Freeplay Energy's clean, patented technology
harnesses human, solar and rechargeable energy and converts it into electricity
to power unique portable, consumer products replacing conventional disposable
battery-powered systems that are environmentally toxic and expensive. The
current product range includes radios, torches, lanterns, mobile phone chargers
and standalone foot powered generators. Freeplay Energy's "Lifeline" radio is
distributed throughout the developing world by The Freeplay Foundation
(www.freeplayfoundation.org) and other AID and Humanitarian organisations such
as Unicef and other United Nations' agencies. Further information about Freeplay
Energy plc and its products can be found at www.freeplayenergy.com.

            Freeplay Energy - Best in the World, Best for the World




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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