PI Power International Limited

EANS-News: PI Power International Limited (in liquidation)/ Board Announces It Intends to Sell Stratius Investments Limited

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
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Strategic management decisions

The board of directors (the Board) of PI Power International Limited (in
liquidation) (the Company) has decided to sell Stratius Investments Limited, the
Company's Cyprus-registered subsidiary (Stratius) that holds the claim for the
arbitration award in relation to the Karpat Energo investment.
 
The Company intends to undertake an auction process in order to sell Stratius to
an interested party, in accordance with the special shareholder resolution
approved during the extraordinary general meeting of April 2009.

Further inquiry note:
Metrum Communications
Theo Bousek
T: +43 664 8292538
E-mail: t.bousek@metrum.at

end of announcement                               euro adhoc 
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company:     PI Power International Limited
             1st Floor, 7 Bond Street 
             A-JE2 3NP St Helier, Jersey, Channel Islands
mail:     info@powerinternational.eu
WWW:      www.powerinternational.eu
sector:      Energy
ISIN:        AT0000A05W59
indexes:     other securities.at
stockmarkets: Third Market: Wien 
language:   English
 



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