Trading Emissions PLC Regulatory News (TRE)

Name of exempt principal trader

Liberum Capital Limited 

Company dealt in

Trading Emissions plc

Class of relevant security to which the dealings being disclosed relate (Note 1)

Ordinary Shares 

Date of dealing

21st  December 2009

Total number of securities purchased

Highest price paid (Note 3)

Lowest price paid (Note 3)

15,143

0.92805

0.925

Total number of securities sold

Highest price received (Note 3)

Lowest price received (Note 3)

15,729

0.96

0.95

Product name, 

e.g. CFD

Long/short (Note 4)

Number of securities (Note 5)

Price per unit (Note 3)

N/A

N/A

N/A

N/A

Product name,

e.g. call option

Writing, selling, purchasing, varying etc.

Number of securities to which the option relates (Note 5)

Exercise

price 

Type, e.g. American, European etc.

Expiry 

date

Option money

paid/received per unit (Note 3)

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Product name, e.g. call option

Number of securities 

Exercise price per unit (Note 3)

N/A

N/A

N/A

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

NONE

Date of disclosure

22nd    December 2009

Contact name

Carl Chambers 

Telephone number

020 3 100 2034

Name of offeree/offeror with which connected

Trading Emissions plc.

Nature of connection (Note 6)

Connected Advisor