CPO Compact Power

RNS Number:6321D
Compact Power Holdings PLC
26 May 2006

Compact Power is pleased to confirm that the placing of 3,240,106 new ordinary
shares with EnviroResources at approximately 30.9 pence per share announced on
15 March 2006 has now been completed.



In addition, the Company has been informed by Cooper Holdings Limited that it
wishes to exercise its right to convert #600,000 of its outstanding loan to
Compact Power into shares.  At a conversion price of approximately 30.9 pence
this will result in 1,944,063 new ordinary shares being issued to Cooper
Holdings Limited.  The balance of the loan being #116,000 will be repaid in
cash.  The Company has however agreed with Cooper Holdings that the Company can,
at its option, require Cooper Holding to subscribe for #116,000 of new ordinary
shares at a price of approximately 30.9 pence at any time between 1 January 2008
and 31 December 2008.



Furthermore, a further 8,000 new ordinary shares are being issued pursuant to
the exercise of warrants.



Application is being made for 5,192,169 new ordinary shares to be admitted to
trading on AIM.  Admission of the new shares is expected to take place on
Tuesday 30 May 2006.



Following admission of the new shares, the Company will have 34,368,805 shares
in issue of which Cooper Holdings will hold 8,715,804 ordinary shares,
representing approximately 25.36% of the issued share capital.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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