IMPORTANT NOTICE The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This communication should be reviewed only by parties who are (i) Certified High Net Worth Individuals, (ii) Certified or Self-certified Sophisticated Investors, (iii) High Net Worth Persons, (iv) Associations of High Net Worth or Sophisticated Investors, or (v) “authorised persons” within the meaning of the Act (together the “Authorised Recipients”). This communication should not under any circumstances be read by or distributed to any party other than the Authorised Recipients.

Any party to whom this communication is addressed and who is unclear as to its terms should immediately take advice from an “authorised person” within the meaning of the Act who specialises in advising on investments of the kind in question.

GAIL is a Business Angel Syndicate focused on investment in:

I. Distributed renewable energy projects (e.g. small-hydro, wind, solar PV, biomass, energy-from-waste) which provide high yielding, asset backed investment opportunities accompanied by attractive tax reliefs; and

II. Valuable new ‘green’ technology opportunities which have significant potential in the Low Carbon Goods and Environmental Services sector.

Deal Flow One of the keys to successful Angel investing is to gain access to good quality deal flow. GAIL accomplishes this through its ties to experienced Scottish and UK-based renewable energy development companies which:

  Prospect and identify sites which may be suitable for schemes;  Undertake preliminary due diligence to determine whether sites are

suitable both from a technical and commercial perspective;  Negotiate Option/ lease agreements with landowners;   Establish Energy Service Companies (ESCOs) for each project which goes

ahead;  Undertake the project management and commissioning of each project;

and  Undertake the ongoing management of each ESCO.   Procure construction and project management services.

Insight In addition to distributed renewable energy projects, the Directors of GAIL are very well-connected into the networks of scientists and technologists who are working on new technologies which have the potential to form the basis of new businesses. Such opportunities will be carefully screened and GAIL will not consider opportunities unless they believe that they have real potential to be turned into businesses of scale.

Access GAIL is based at the Edinburgh Centre for Carbon Innovation (ECCI), which gives it access both to intriguing new investment opportunities and a ‘rich seam’ of detailed technical knowledge and experience which it may access for due diligence purposes.

Members of GAIL will be given the opportunity to evaluate and consider investing in all potential opportunities identified by third parties.

Sandy Finlayson: Senior Partner with MBM Commercial 20+ years of involvement in Business Angel Syndicates and early stage Investment Funds

Graham Langley: Former Head of Business Development for the Commercial team at Royal Bank of Scotland Business Development Director at Kelvin Capital

John Steedman: Independent Technology Commercialisation Consultant 30 year international career with BP in key positions across the value chain from strategy development and R&D to sales, marketing and business management.

Phillip Bruner: Former BDE for the Edinburgh Centre for Carbon Innovation Founder and Rapporteur of the Green Investment Forum (elite global investment club) Co-Founder and Managing Director of BlueWorks Global

Team

Tax Reliefs ‘Qualifying Investors’ may be able to benefit from a wide range of tax reliefs in respect of their investments under the Seed Enterprise Investment Scheme (‘SEIS) or the Enterprise Investment Scheme (‘EIS’):

  SEIS Relief: Income Tax Relief at 50% for investments up to £150,000 in qualifying Companies (£100,000 per Investor per year);   EIS Relief: Income Tax Relief at 30% for investments of up to £5 million per Company (£1 million per Investor per year).  If the proceeds from the disposal of an asset which would give rise to a chargeable gain in 2013/14 are reinvested in shares which qualify for SEIS Relief, the amount that remains chargeable is half the reinvested gain in 2013/14; for EIS relief the tax on the gain can instead be deferred until the Company’s shares are sold.

In addition to the foregoing, Investors may also qualify for Business Property Relief (BPR), which may enable investors to claim relief from Inheritance Tax after a holding period of two years. NB: Gains arising from the sale of shares in a qualifying SEIS or EIS company should be exempt from CGT if held for the qualifying period, which is usually three years.

Tariffs Distributed renewable energy projects (up to 5MW) still qualify for SEIS/EIS Relief and Feed-In Tariffs as well as an Export Tariff:

Feed-In Tariffs (FITs): Offer a guaranteed price for electricity generated from a small-scale hydro scheme which is fed into the grid. Currently, this price is guaranteed for 20 years and amounts to 15.5-19.6 pence per kilowatt hour (p/kWh) for the 100-500kW range in which we are interested.

Export Tariff: In addition to FITs, small-scale hydro schemes qualify for an Export Tariff of 4.5 p/kWh simply for producing renewable electricity which is connected to the grid.

The Construction Process

Investment Opportunity II (Possible SEIS/ EIS relief)

Avg. 4-6 months to interconnection

Avg. cost of construction - £500 - £2mn

Annual dividends

Typical 70% Leverage

Avg. £50k per investor/ portfolio

Eligibility Membership of GAIL is only open to persons who are: High Net Worth Individuals; Sophisticated Investors; High Value Trusts; and High Net Worth Companies, all within the meaning of the Financial Promotion Order 2005.

Anyone wishing to become a member of GAIL will be required to produce the following documentation:   Certificate of Eligibility;   Documentation required to comply the Money Laundering Regulations; and   Limited Power of Attorney to facilitate the completion of investment transactions.

As soon as applicants have been accepted for membership, they will be able to access all current opportunities.

We are currently seeking investors for GAIL opportunities.

For more information, please contact:

Phillip Bruner m: +44(0)7796128828

e: phillip@greenangelinvestors.co.uk