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AEI NEWSLETTER ISSUE 22:

1st February - 7th March 2008

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The aim of this newsletter is to complement the news-based website, with a primary focus on price-based information over the previous week and to advise of forthcoming company announcements (see bottom) and IPOs.

Winners and losers: 1st February - 7th March 2008

THE WINNERS

1. Quantum Fuel Systems Technologies Worldwide +51.49%

Excitement is growing that plug in electric hybrids are within reach and Quantum, with its proprietary Q-Drive system, has enjoyed a run of good publicity. Notably the launch of the Fisker Karma at the Geneva Motor Show and most recently, a $135m contract win on March 5th , won by its German partner, to supply silicon photovoltaic solar modules to AS Solar GmbH.

2. Japan Wind Development +51.20%

The market has responded well to JWD's sale of JPY 3bn worth of 10-year unsecured bonds with an interest rate of 1.41%.

3