Acta Announces Trading Update

Acta, an AIM-listed catalyst developer, today provides an update on its
commercial and technological progress prior to entering its full year close period. The preliminary results for the year ending 31 December 2007 will be announced on Wednesday 19 March 2008.

Revenues in 2007 have been over eight times higher than in 2006, in line
with average market forecasts.  Second half revenues were higher than the
first half, reflecting continuing forward commercial momentum.  Operating
costs and the consequent operating loss were better than expected.  The
receipt of £5.7m net of associated costs from the strategically important
investment announced on 12 July 2007 is expected to provide cash resources
until 2010 at current utilisation rates.

In November, Acta announced its first revenue earning development contract
with one of the world's largest OEMs for the development of hydrogen
generation and fuel cell catalysts.  This contract is now underway and
progressing according to plan.  Acta continued to make excellent
commercial progress in 2007 in all of its three main and increasingly
important markets of hydrogen generation, fuel cells and waste treatment
catalysis.  Good commercial progress was made with a number of new
customers and commercial negotiations are underway for further joint
development agreements and collaborations.  The "Power Profit" ammonia
electrolyser demonstrator was launched in Europe and the US in November
and the first order has been placed.  Bi and quad-fuel cells for low power
use were also developed and sold in December to an Asian customer.  All
operational scale-up targets were achieved on the pilot plant.  The company say they are are well in line with their plan to take Acta forward as a commercially viable
business and remain confident that the technology will be highly sought
after in meeting global power requirements in the years ahead.

Acta achieved all of its 2007 milestones.  The company's product portfolio
has expanded to include ammonia electrolysis, ammonia reforming, ethanol
reforming, and oxygen reduction catalysts for zinc air batteries.  The
company has additionally launched improved catalysts for its core fuel
cell applications.  Important associated IPR has been developed, and
patents filed, in relation to the Alkaline Membrane Fuel Cell and Alkaline
Membrane Electrolyser architectures which are used with Acta's catalysts.
Particular progress has been made in the development of low cost fuel
cells for the potentially high volume low power applications.

Paolo Bert, Chief Executive, commented: "Acta offers affordable solutions to the critical issues of high oil prices and carbon dioxide emissions and we have made good progress across all applications, both technically and commercially in 2007 in line with
our strategy.  We have successfully developed innovative commercial
products across a wide range of target markets which ensures we are not
dependent on any one market sector.  The delivery of a strong performance
in 2007 builds upon Acta's track record of meeting its financial,
commercial and technical milestones."

Source: Fuel Cell Today