BFC Biofuels

RNS Number:6002W
London Stock Exchange Notice
15 May 2007


                                                                        London Stock Exchange plc

                                                                        10 Paternoster Square

15 May 2007                                                             London EC4M 7LS

                                                                        Telephone +44 (0)20 7797 1000

                                                                        www.londonstockexchange.com





For the attention of the
chairman/senior partner/compliance officer,
all member firms                                                        N26/07


STOCK EXCHANGE NOTICE

BIOFUELS CORPORATION PLC


       Introduction


1.     Market participants may be aware that since 28 March 2007 a market status message has been
       released on a daily basis in relation to Biofuels Corporation PLC ("Biofuels" or "the Company"),
       warning that there are currently settlement difficulties in the ordinary shares of 1p (ISIN
       GB00B00VD693) and that delays in settlement of transactions may therefore occur.

2.     The situation persists and the Exchange is taking this opportunity to remind all member firms of
       their settlement obligations under the Exchange's rules, particularly in relation to short
       selling strategies.

       Short Selling


3.     Short selling is a permitted activity in the London markets.  However, short sellers remain
       obliged to settle their position on ISD either by buying the stock (if necessary at a higher
       price than they sold at) or by borrowing stock.  Member firms who do not believe that they can
       settle existing short positions, be it as a result of proprietary or customer trading, should
       consider whether it is appropriate to continue to pursue short selling strategies.


       Rules of the London Stock Exchange


4.     The Exchange wishes to remind members of Rule 3700 of the rules of the London Stock Exchange
       where it states, "a member firm shall ensure that every transaction effected by it is duly
       settled," and Rule number 3701 which states, "a member firm is responsible for ensuring the
       delivery of securities on the agreed settlement due date for all its on Exchange business.."




       Market Conduct


5.     The Exchange therefore expects all member firms, including retail brokers, to act responsibly in their
       dealings in Biofuels shares to ensure that settlement deadlines can be met.  Given the current lack of
       available stock, member firms should consider whether they might wish to trade only for guaranteed
       delivery so as to prevent a worsening of the current settlement position.

6.     The Exchange will continue to issue the market status message on a daily basis until such time as it
       considers the settlement problem to have cleared.


7.     Any comments or queries on this Notice should be addressed to either:

       Ian Werner, Trading Services, telephone +44 (0)20 7797 1192 (STX 31192) or email:
       iwerner@londonstockexchange.com

       Anthony Stanger, Trading Services, telephone +44(0)20 7797 1185 (STX 31185) or email:
       astanger@londonstockexchange.cmo









Nick Bayley

Head of Trading Services



This Stock Exchange Notice will be available on the website at



http://www.londonstockexchange.com/en-gb/products/membershiptrading/rulesreg/stockexnoticesnew/



Calls to London Stock Exchange plc may be recorded to enable the Exchange to
carry out its regulatory responsibilities.


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

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