VLR Voller Energy

RNS Number:5179O
Voller Energy Group PLC
22 February 2008

                                                                22 February 2008



                            VOLLER ENERGY GROUP PLC


                           "Voller" or the "Company"


                                Strategic Review



The Board of Voller Energy Group PLC, a leading developer of fuel cell systems,
has asked Deloitte Corporate Finance to conduct a strategic review of the
options open to the Company with the objective of maximising shareholder value.
These options may include, but are not limited to, strategic alliances, mergers,
refinancing or a sale of the business.  This process may or may not lead to an
offer being made for the Company.

Consequently the Company is considered to be in an 'offer period' as defined in
the City Code on Takeovers and Mergers (the "Code"), and the dealing disclosure
requirements listed below will apply.

In accordance with Rule 2.10 of the Code, Voller confirms that, as at the close
of business on 21 February 2008, it had 23,000,513 ordinary shares of two pence
each in issue. The ISIN reference for these securities is GB00B05KZ102.

The Board will announce the outcome of this strategic review as soon as
practicable.

                                 www.voller.com


Enquiries

Voller Energy Group PLC                                      01256 813900
Stephen Voller / Colin Bonsey


Deloitte Corporate Finance                                   020 7936 3000
Jonathan Hinton/John Ball




Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,
'interested' (directly or indirectly) in 1% or more of any class of 'relevant
securities' of Voller, all 'dealings' in any 'relevant securities' of that
company (including by means of an option in respect of, or a derivative
referenced to, any such 'relevant securities') must be publicly disclosed by no
later than 3.30 pm (London time) on the London business day following the date
of the relevant transaction. This requirement will continue until the date on
which the offer becomes, or is declared, unconditional as to acceptances, lapses
or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two
or more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an 'interest' in 'relevant securities' of Voller,
they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Voller by the offeror or Voller, or by any of their respective
'associates', must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Takeover Panel's website. If you are in any doubt as to whether or not you are
required to disclose a 'dealing' under Rule 8, you should consult the Takeover
Panel.




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