Investor update for PI Power International as of July 4, 2011

Jersey/Vienna (OTS) - The Board of Directors of PI Power
International Limited (PI) wishes to revise the guidance regarding
the range of potential outcomes provided to Certificate Holders at
the annual general meeting on 10th May 2011. The Board of Directors
revises its estimate of further cash repayments to Certificate
Holders, in addition to cash repayments to date of EUR 7.80, to
between EUR 0.10 and EUR 0.86 per share/ certificate, excluding
certificates held by PI. This compares to previous guidance of
further cash repayments between EUR 0.01 and EUR 0.89.

The PI Board sets out its range of additional estimated outcome by
category below, subject to the disclaimer below:

Estimated Low- EstimatedHigh Estimated Low  Estimated High
                  TEUR     - TEUR     - EUR per ADC   - EUR per ADC
Cash-31 May 2011 10,756      10,756         0.19                0.19 
KE resolution       -        15,600            -                0.27 
Provisions for 
remaining costs 
and litigation   (1,908)      (405)       (0.03)              (0.01)
Austrian 
Arbitration      * (570)     26,600       (0.01)               0.46 
Contingency      (2,500)     (2,500)      (0.04)              (0.04)
Net               5,778       50,051        0.10               0.86

*Note: The Estimated High assumes a favourable ruling and collection
of an award in the amount of PI's claim.

Amounts may not foot due to rounding.

Disclaimer

The information presented above has not been independently
verified and no representation or warranty express or implied is made
as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of this information or opinions contained
herein.

None of PI or any of its affiliates, advisors or representatives
shall have any liability whatsoever (in negligence or otherwise) for
any loss howsoever arising from any use of this document or its
contents or otherwise arising in connection with this document.

This document includes forward looking statements. By their
nature, forward looking statements involve known and unknown risks
and uncertainties and are not guarantees of future performance. No
undue reliance should be placed on these forward looking statements.

This document does not constitute an offer or invitation to
purchase or subscribe for any certificate of PI and neither it nor
any part of it shall form the basis of or be relied upon in
connection with any contract or commitment whatsoever.

Rückfragehinweis:

Please address any inquiries to: 
   Investor Relations & Public Relations
   Metrum Communications GmbH
   Mick Stempel
   T: +43 1 504 69 87-385
   M: m.stempel@metrum.at

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