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									                                           PRESS RELEASE



         The Kerself Group moves into the geothermal sector


            Kerself and F.lli Perazzoli sign a letter of intent
                           for a joint venture to develop
             medium/low enthalpy geothermal resources




Prato di Correggio 20 March 2010 – Kerself S.p.A., a company listed on the Italian
Stock Exchange’s STAR segment and Italy’s leading player in photovoltaic solar plant
engineering, development, production, installation and distribution, and F.lli Perazzoli
S.r.l., active in well drilling and installation and maintenance of water lifting systems,
said they had signed a letter of intent for the formation of a commercial and industrial
joint venture.

The new company, whose ownership shares will be determined at a later date before
the final contract is signed, will operate in the geothermal sector in Italy and abroad,
in both the low and the medium enthalpy segments.
Specifically, the new company will produce electricity using geothermal fluids at
temperatures between 70° C and 150° C (medium enthalpy), and make direct use of
heat, for example to heat and cool industrial buildings, by exploiting the thermal
properties of the subsoil, extracting heat from it during the winter months and
releasing heat to it during the summer (low enthalpy).
The Kerself Group has designated its Business Development and M&A director,
Giovanni Bertelli, to act on its behalf for the development of the new activity.


It was also announced that negotiations for the acquisition of Albatech had been
interrupted after differences of opinion emerged on the net financial position during
the due diligence.

Kerself Chairman and Chief Executive Officer Pier Angelo Masselli said: “The
agreement with F.lli Perazzoli is intended to realise the synergies offered by the
growing opportunities both companies will bring in terms of their respective know-how
and track records. Geothermal is an effective solution not only for energy production,
but also for heating/cooling buildings, thanks to the limitless natural resource
represented by water heating, as part of an integrated approach embracing
environmental sustainability and development of renewable energy. We intend to
expand our renewable energy business, focusing on photovoltaic and now also on
geothermal solutions.”

               KERSELF S.p.A. - Via della Tecnica, 8 - 42015 Prato di Correggio (RE) – Italia
                    Tel: +39 0522 736034 - Fax: +39 0522 736033 www.kerself.eu
                                                PRESS RELEASE




“We are disappointed that the Albatech acquisition has not been completed due to the
objections that emerged during the due diligence,” Masselli added. “Our intention is to
safeguard the interests of our shareholders.”

The Kerself Group is a leading player in photovoltaic solar plant engineering, development,
production, installation and distribution in Italy and Europe.


---------------------------

Kerself
Investor Relations Office
Ezio Martini
Tel: +390522736034
ir@kerself.it


PMS
Press Office
Antonio Buozzi
Tel: +390248000250 - 3297605000
a.buozzi@pmsgroup.it




                    KERSELF S.p.A. - Via della Tecnica, 8 - 42015 Prato di Correggio (RE) – Italia
                         Tel: +39 0522 736034 - Fax: +39 0522 736033 www.kerself.eu

								
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