Ecofin China Power & Infrastructure Fund

LONDON, June 2 /PRNewswire/ — Ecofin is pleased to announce the launch
of the Ecofin China Power & Infrastructure Fund at the beginning of June
2009. The fund is designed to generate compelling risk-adjusted returns in
greater China, building on the firm’s global expertise in infrastructure and
utilities investing. The fund seeks to generate absolute returns with lower
volatility than the Chinese market through dynamic portfolio construction
based on macro and fundamental research.

The Chinese government is in the midst of a massive upgrade of the
country’s infrastructure focusing on transportation network, renewable
energy, and utility generation and distribution assets in the utility space.
The build-out of China’s infrastructure and the transformation of the
country’s energy consumption mix will be among the most important global
investment themes in the years to come, as China is set to become the world’s
largest economy within a decade. In the short term the $586b stimulus
spending package with the majority going into infrastructure and energy space
accelerates the sector’s long term growth and at the same time provides
catalysts and dispersion among the sub sectors.

“In this environment the fund will seek to profit from a number of
specific opportunities in the infrastructure and power universe. The secular
growth opportunity, visibility of cash flows, and the asset-backed nature of
the companies favour the risk profile of the sector, while the dispersion of
returns will provide fertile ground for long and short tactical allocation,”
said Bernard Lambilliotte, CIO of Ecofin.

The long-biased long-short Fund will range between 20% and 100% net long,
with a max of 150% gross and no financial leverage. The fund will invest
mainly in large cap stocks, and will have monthly liquidity with 30 days
redemption notice.

About Ecofin

Ecofin is a leading specialist in the utilities and infrastructure
sectors worldwide, managing $3.4 billion across a range of hedge funds and
long-only funds and mandates. A portion of the funds is already invested in
China. Ecofin has a global team of 25 utility specialists, four of whom
specialize in China. Ecofin was founded in 1992, is SEC-registered and
FSA-regulated, and has offices in London, New York, Hong Kong and Geneva.

This press release is being issued by Ecofin Limited (“the Investment
Manager”).

This press release does not constitute or form part of any offer to issue
or sell, or any solicitation of any offer to subscribe or purchase, any
shares in the Ecofin China Power & Infrastructure Fund (“shares”) nor shall
it or the fact of its distribution form the basis of, or be relied on in
connection with, any contract therefore. Recipients of this press release who
intend to apply for or purchase shares are reminded that any such application
or purchase may be made solely on the basis of the information and opinions
contained in the Fund’s offering documents which may be different from the
information and opinions contained in this press release. No representation,
warranty or undertaking, express or implied, is given as to the accuracy or
completeness of the information or opinions contained in this press release
by the Investment Manager and no liability is accepted by the Investment
Manager for the accuracy or completeness of any such information or opinions.

SOURCE Ecofin Limited