Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or
the "Company") confirms that it has completed the previously announced (News
Release: March 15, 2013) private placement of Convertible Debentures and Common
Share Purchase Warrants to Doughty Hanson Technology Ventures ("DHTV") for gross
proceeds of $500,000. 

The Convertible Debenture is unsecured, bears interest at 8% per annum, and is
convertible into 50,000, $10, 8% First Preferred Shares ("Preferred Shares") of
Sustainable Energy. The Preferred Shares are themselves convertible into common
shares of the Company at a price of $0.105 per share. The term of the Debenture
is for a period of 6 months enabling the Company to secure longer term financing
for its business. DHTV also acquired a pre-emptive right to participate in up to
$1 million of such a financing alongside outside investors and management,
including the option of tendering the Convertible Debenture as payment.  

The Company also issued detachable common share purchase warrants to acquire up
to 4,750,000 common shares of the Company at an exercise price of $0.105. This
financing remains subject to TSX Venture Exchange approval. 

About Sustainable Energy: 

Sustainable Energy ( designs and manufactures
intelligent power inverters for a wide arrange of distributed generation and
storage technologies. The inverters incorporate patented breakthrough
technologies which enable the highest efficiency conversion of low voltage
direct current inputs in the industry.  

A single standard low cost electronics platform supports (i) the solar
industry's only industry standard inverter enabling the higher yields and
installation flexibility; the solar industry's only industry standard inverter
enabling the safety of extra low operating voltages and (iii) the industry's
highest bi-directional power conversion efficiencies for grid tied energy
storage and fuel cells.

Approximately 20MW of 1st and 2nd generation PARALEX inverters have been
installed in 7 different countries.  

Forward Looking Information 

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, it includes:
statements concerning proposed financings, the market for energy storage in
Europe and elsewhere; and statements concerning its expectations of unit sales
over the next 30 months and While management believes these statements to be
accurate they are dependent on a wide range of factors beyond management's
control and should not be viewed as a guarantee of the specific outcome.
Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties. 

Many factors could cause the Companies' actual results, performance or
achievements, or future events or developments, to differ materially from those
expressed or implied by the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, which speaks only as
of the date hereof. The Companies do not undertake any obligation to release
publicly any revisions to forward- looking information contained herein to
reflect events or circumstances that occur after the date hereof or to reflect
the occurrence of unanticipated events, except as may be required under
applicable securities laws. 

Sustainable Energy Technologies Ltd
Michael Carten
Chief Executive Officer
403.508.7177 #111

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