Investors

Redemption Of Shares By Energy Storage And Power Corporation ("Espc")

The Board of Directors of CSE Global Limited ("CSE") wishes to announce that ESPC, its associated company, has redeemed 25,500 ESPC shares from Michael Nakhamkin for US$145,168, 20,500 ESPC shares from Rodney Gay for US$136,667 and 5,000 ESPC shares Christopher Gay for US$33,333. After the redemption, ESPC will be a 100% subsidiary of CSE.

The redemption were funded by internal resources of ESPC and is not expected to have a material impact on the consolidated net tangible assets and earnings per share of CSE for the financial year ended 31 December 2007 and the financial year ending 31 December 2008.

None of the Directors or controlling shareholders of CSE has any interest, direct or indirect, in the above transaction.

By Order of the Board

Tan Mok Koon
Director
4 January 2008