NTR plc Interim Results For The Six Months Ended 30th September 2007

December 17 2007

NTR plc today (17th December 2007) announces its interim results for the six months ended 30th September 2007.

Financial Highlights

• Group Revenue for the six months was €281.6 million, an increase of 36.7% over the €206.0 million for the six months ended 30th September 2006.
• Group EBITDA (before exceptional profit) for the six months was €47.0 million, an increase of 43.0% over the €32.9 million for the six months ended 30th September 2006.
• Group operating profit was €426.8 million, including an exceptional pre-tax profit of €420.4 million on the sale of the West-Link toll facility, compared to €9.4 million for the six months ended 30th September 2006.
• Attributable profit for the six months ended 30th September 2007 was €345.7 million, including an exceptional after-tax profit of €344.2 million, compared to €3.0 million for the six months ended 30th September 2006.
• Group capital investment in the period was €393.3 million, including acquisitions of €57.7 million, representing an increase of 47.6% on the corresponding period last year.
• The Company has announced an interim dividend of 1.82 cent per share, an increase of 10% over the corresponding period last year.

“The completion of the sale of West-Link to the NRA resulted in an exceptional pre-tax profit of €420.4 million,” said Michael Walsh, Group Finance Director, NTR plc. “Group operating profit before this exceptional profit was €6.5 million, compared to €9.4 million for the six months ended 30th September 2006. This reflects strong operating performances in our Greenstar and Airtricity businesses, offset by losses in our Bioverda business.”

Key Developments

• The Group completed the sale of the West-Link toll facility to the NRA in May 2007 and the interim results include an exceptional pre-tax profit of €420.4 million. (€344.2 million after-tax).
• Subsequent to the period end, Airtricity, our wind energy business, announced the sale of its North American business unit.
• Greenstar (Ireland), Ireland’s largest integrated waste management company, completed the acquisition of three further companies in the waste management sector.
• Greenstar UK completed the acquisition of Network Waste Solutions, a Norfolk based waste brokerage business, and announced an investment of Stg£7 million in the development of a large materials recycling facility near Birmingham, which will open in early 2008. This facility will have the capacity to process 250,000 tons of waste annually.
• Greenstar NA, headquartered in Houston, Texas, completed two further acquisitions in the period: Todd Heller Inc. in Allentown, Pa and Delta Management Group in Normal, Ill.
• Subsequent to the period end, Greenstar completed the acquisition of Verdant Group plc in the UK and Mid America Recycling in the United States.
• Bioverda’s biodiesel production facilities at Neubrandenburg and Ebeleben, Germany are performing well operationally. However, the biodiesel market in Germany continues to be extremely difficult.
• The construction of two 100 million gallon bio-ethanol facilities in the United States, in a joint venture with Virgin Group and local investors, is at an advanced stage and the facilities will be commissioned in mid 2008.

Ends

Note to Editors

NTR plc is a leading international developer and operator in renewable energy and sustainable waste management. The company employs 1,600 people and had annual revenues in excess of €440 million for the year ended March 2007. NTR has operations in Ireland, the UK, mainland Europe and the US.