TIDMGTL

RNS Number : 2412Y

GTL Resources PLC

20 December 2010

For immediate release 20 December 2010

GTL Resources PLC ("GTL")

Favorable Extension of Ethanol Tax Incentives

GTL Resources PLC (AIM: GTL), the US based bio-refining company, with a 100 million gallon per annum nameplate volume ethanol plant in Illinois, is pleased to comment on the recent US legislation signed into law 17 December 2010 by President Barack Obama extending key ethanol tax incentives.

The new law extends key ethanol tax provisions including:

Blender's Credit for Ethanol (VEETC)

The bill extends the Volumetric Ethanol Excise Tax Credit through 2011 at the current rate of 45 cents per gallon.

Tariff on Imported Ethanol

The bill also extends through 2011 the existing 54 cent per gallon secondary tariff on imported ethanol.

Richard Ruebe, CEO of GTL Resources PLC, commented "We are delighted and reassured that the US Congress and President Obama have chosen to continue its support of the ethanol incentive programs that have nurtured the growing US ethanol industry. We believe the extension of the ethanol tax incentives should continue to encourage our customers to blend ethanol above the minimum volumes prescribed in the Renewable Fuels Standard (RFS2), which calls for base renewable fuel blend stock (corn based ethanol) to increase 0.6 billion gallons each year, from 12 billion gallons in 2010 to 15 billion gallons by 2015 and thereafter. This news, along with the USEPA's recent October 2010 announcement allowing 15% ethanol blending in 2007 and newer model year vehicles (an increase from 10% blending), shows US law-makers and the Obama administration clearly recognize the positive long-term benefits of ethanol to the environment, to energy security, and to the economy. This one year extension will give the upcoming 2011 US Congress adequate time to evaluate the merits of all US energy incentives, including the significant incentives supporting fossil fuels, as they tackle longer term energy tax policy reform."

For further information please contact:

GTL

Richard Ruebe

Jeffrey Lemajeur

+1 630-773-1226

enquiries@gtlresources.com

Cenkos

Stephen Keys

Elizabeth Bowman

+44 20 7397 8928

Buchanan Communications

Charles Ryland

Ben Romney

+44 20 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

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