NSO Nature Tech

RNS Number:2763N
Nature Technology Solutions Limited
05 February 2008




                      Nature Technology Solutions Limited
                              ( Nature and "NSO" )


Extension of Letter of Intent with regard to the sale of Nature's interests in
                                   Gibraltar.

Onshore trials with regard to possible North Sea deployment by the Nature Group
  of the containerised offshore rig waste treatment unit developed by Nature.

                 Trading for the year ended 31st December 2007.


Further to the announcement made on 28th November 2007, the Directors of Nature
announce that completion of the intended transaction to sell its 50% interest in
its Gibraltar based JV Slop Oil Reception and Treatment Limited (SORT) to a
substantial Mediterranean based oil waste group will require an additional
period of time. This is due principally to the requirement for certain
documentation, such as the change to the site lease with the Government of
Gibraltar, to be approved as well as the finalisation of documentation between
the purchaser and the continuing JV partner. The Directors of Nature , after due
enquiries , believe that there should be no material impediments to the
conclusion of the transaction , with the majority of the Purchaser's due
diligence now completed , and as such the Purchaser and Nature have accordingly
signed a formal extension of the Letter of Intent for a maximum period of 6
weeks.

As announced in the previous release Nature has undertaken a review with it's
professional advisers as to the possible arrangements for a return of capital to
shareholders enabling such return of funds to be free of tax in the recipients
hands, subject to individual shareholders circumstances. A circular will be sent
to shareholders in due course.

Additionally the Norwegian operations of Nature in Stavanger have received
specific wastes from a designated offshore rig, which enters a new operating
contract at end April , and have carried out trials as to treatment of such
wastes onshore last week. It is hoped this may lead to a first deployment of the
Offshore Rig Unit ("OTU").

The Directors of Nature are also pleased to announce an improvement in trading
for the year ended 31 December 2007. Preliminary results are expected to be
released in May.

***************************************

For further information, please contact:

Nature Technology Solutions Limited
Nigel Sandy, Director                     Tel: 01373 473995

Seymour Pierce Limited
Jonathan Wright, Director                 Tel: 020 7107 8000




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