novacem at csi forum

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Novacem Limited Tel +44(0)20 7594 3580The Incubator, Bessemer Building, Imperial College, Fax +44(0)20 7594 1330South Kensington, London, SW7 2AZ, UK www.novacem.com

Novacem: Carbon Negative Cementand the Green Cement BondCSI Forum 2010 Warsaw 14 September 2010

Stuart M Evans ChairmanDr Nikolaos Vlasopoulos Chief Scientist


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Novacem

Is a spin-out from Imperial College, London that has developed a new carbon

negative cement

Will offer a scalable, transformational alternative to current carbon intensive cementproduction

Has made terrific technical progress over the last two years at the ImperialIncubator; now with a team of 22

Announced its Green Cement Bond in July 2010, with Lafarge as first Subscriber

Now seeking another major cement company to participate in the Green Cement

Bond

Planning a major funding round next year to build and operate a Semi-CommercialNovacem Plant

14 September, 2010

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The CSI audience knows more than most that cement needsradical innovation

Cement is a vital construction material andstrategic commodity

Cement volumes are around 2.9 billion tonnes,with significant demand growth set to persistto 2050. China is half the market.

Cement creates 5% of CO2 emissions. Pricecould double as the industry bears full cost ofemissions

Limestone raw material is a fundamentalbarrier to emissions reductions

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Cements carbon problem

Adaptation is notenough; the

cement industryneeds radical new

technologies


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Novacem delivers that radical innovation and momentum isbuilding rapidly

Spin-out of civil engineering department of Imperial College. Investors include the

Royal Society Enterprise Fund, London Technology Fund and Imperial Innovations

Development supported by a UK government-funded collaborative R&D project withmajor industrial partners (Laing ORourke, Rio Tinto and WSP)

Already operating an experimental batch pilot plant, currently being upgraded tocontinuous operation. Next stage is a Semi-Commercial Novacem plant inconjunction with cement industry partners

Business model is process licensing to allow widespread adoption of technology

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The World Economic Forum has named Novacem as one ofits Technology Pioneers for 2011

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Geneva, Switzerland, 1 September 2010

The World Economic Forum today announced itsnew class of Technology Pioneers, comprising31 of the most innovative technology start-

ups from around the world. These companiesrepresent the cutting edge in innovation andare poised to have a critical impact on thefuture of business, industry and society.

- Technology Pioneers coverage in TIME, 20 Sept 2010


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MIT Technology Review featured Novacem on list of the 10most important emerging technologies

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An experienced international team drive Novacemsdevelopment

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Members of the Novacem Batch Pilot Plant team

International multi-disciplinary

team of scientists and engineers Seasoned entrepreneurs

Savvy industry non-execs

High calibre investors

Major industry partners

We are building the world-class team needed to achieve successful commercialisation


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Total typical emissions of-50kg to +100kg CO2/tonne

cement

Novacem has three fundamental differences in embodiedcarbon compared to current cement production

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Embodied carbon: Novacem vs. current cement production

1. Carbonate feedstock: limestone is dug upand processed. Typically 400kg of CO2released from limestone per tonne ofcement

1. Non-carbonate feedstock (usesmagnesium silicates) so no CO2 from theraw material. Limestone & its storedcarbon left in the ground

2. High temp process (1,450oC) requires fossilfuel. Typically 400kg of CO2 created fromfuel per tonne of cement

3. No absorption of CO2 in cementproduction

2. Lower temperature process (700oC) canutilise biomass fuel. 0-150kg CO2 createdper tonne of cement, depending on fuelmix used

3. Cement composition includes a carbonatecreated during production process byabsorbing CO2

Current cement production* Novacem

vs.

Total typical emissions of+800kg CO2/tonne cement

* Global weighted average figures from InternationalEnergy Agency 2007


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Novacems cement is based on two technologies protectedby patent filings

14 September, 2010

Novacem carbon negative cement is based on two technologies

Novel low-carbon MgO production process based on magnesium silicate raw materials

Novel cement composition based on MgO. Strength developed through the formationof magnesium silicate hydrates (M-S-H) rather than carbonation with atmospheric CO2

Novacem technology strongly protected by four patent filings, of which only one has beenpublished. We have a pipeline of further patents progressing towards filing in the comingmonths

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The three components of Novacem cement are producedthrough an integrated production process

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Magnesium silicates

Magnesiumcarbonate

Novacem Mineral

Carbonation Process

MgOSiO2 basedproduct

Novacem Cement


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A key innovation in the process is the scale up of a lowcarbon method of producing MgO

Use of magnesium silicates eliminates raw material related emissions

Low process temperature allows full use of fuels with low energy content or carbonintensity. Energy 60-90% of ordinary Portland cement;

Chemistry for the mineral carbonation is well understood. Novacem is innovativelyscaling up the technology;

Novacem process efficiency outperforms best available data on mineral carbonation.

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Magnesium

silicate

Magnesium

oxide

CO2

Magnesium

carbonate

CO2Heat(700oC)


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Novacem requires 60-90% of the energy of ordinaryPortland cement

Novacems energy demand

At the pre-treatment step Novacem has similar energyrequirements to drive milling as ordinary Portland cement

At the processing step three materials are produced whichcombine to form the cement

MgO, which has the largest energy demand of the threematerials, but is produced in a relatively low temperaturecalcination (700oC) and is typically less than 50% of thetotal cement composition

SiO2-based product which is produced as part of the

carbonation of the magnesium silicates Magnesium carbonates which are produced in a simple

carbonation reaction, absorbing CO2 in the process

Finally, no milling of the product is needed after calcination

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Overall Novacem canachieve energy demandwhich is 60-90% that ofordinary Portland cement

Precise energy leveldriven by choice of rawmaterials


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Each component of Novacems cement composition plays acritical role

Novacem cement composition is a unique blend of the MgO, hydrated magnesiumcarbonates and the SiO2-based products of the production process

The special magnesium carbonates are key in the development of mechanicalproperties. The carbonates are net sinks of CO2 (300-500kg CO2/tn carbonate) andso the cement achieves a carbon negative footprint during the production stage

During hydration a magnesium silicate hydrate phase (M-S-H) is formed which isanalogous to the calcium silicate hydrate phase (C-S-H) formed during Portlandcement hydration.

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Performance characteristics of Novacem cement & concretehave significantly improved over last 12 months

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14 September, 2010

0

10

20

30

40

50

0 1 2 3 4 5 6 7

Compressivestrength(MPa)

Curing time (days)

Cured at 35 degrees Cured at 20 degrees

We continue to make significant further improvements as we reduce the water to cementratio currently w/c 0.44 vs theoretical w/c 0.21.

0

10

20

30

40

50

60

70

80

0 7 14 21 28

Compressivestrength(MPa

)

Curing time (days)

Novacem Cement Paste Novacem Concrete


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14 September, 2010

14Economically viable sources of Magnesium Silicates areabundantly located in proximity to major cement markets

Novacem team is working with senior mining industry advisors to understand andassess potential sources of suitable magnesium silicates. Headlines of high level

scoping report are:

Magnesium silicates are among the most abundant rock forming minerals in theearths crust

At least 9 target terrains exist where rocks with suitable magnesium contents exist.These are being evaluated further

Initial assessment suggests that abundant multi-million to multi-billion tonneresources exist, and that favourable environments occur globally and in economicproximity to the existing major cement markets of the world


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Novacem Green Cement Bond allows subscribers toparticipate in the development of our cement

Innovative technical and commercial approach to partner with major cementcompanies to mutual benefit to accelerate development and commercialisation of

Novacems carbon negative cement

Initial close with Lafarge as First Subscriber announced July 2010; remains open forfinal close with another cement company

Nominal value 1Mn - combination of Non Refundable Engineering Fees andConvertible Loan Notes

Subscribers also expected to participate in Novacems 2011 funding, at whichtime Loan Notes will also convert

Subscribers get immediate access to Novacems technology and cement for

evaluation and testing

They also participate in the development and roll-out of Novacem carbon negativecement

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A Semi Commercial Novacem Plant is the next step in thisdevelopment

Novacem plans a 25,000 tonne Semi Commercial Novacem Plant as a key step in

reducing risks and accelerating roll-out for its licensees Novacem will use existing resources and proceeds from the Bond in design and

development of the Semi Commercial Novacem Plant and other ancillary activities

The 2011 Funding will be used for the Semi Commercial Novacem Plant, for whichNovacem will control the design and construction

Novacem will control development and operation of the Semi-Commercial Plant, whichis expected to be co-located with an existing or mothballed cement works. Subscriberswill participate in the project, and gain early insights into the technology

Continuing Subscribers will contribute in kind to the Semi Commercial Novacem Plant.The marginal cash cost of such contributions will be treated as an advance paymentagainst future license fees and royalties

Continuing Subscribers will get preferential access to the Semi Commercial NovacemPlant for testing, development, certification, pilot projects and early sales

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Continuing Subscribers have significant first moveradvantages at the Semi Commercial stage and beyond

In addition to early access to Novacems technology and the output from the Semi

Commercial Novacem Plant, benefits to Continuing Subscribers include

The opportunity to build and operate the first and second, respectively, NovacemCommercial Volume Plants under licence from Novacem

Preferential opportunity to licence additional plants through January 2020

Share in the corporate value created by Novacem by being an early investor andshareholder

Crucial early role and influence in the Novacem eco-system that will help solve the

cement industrys carbon problem. Reinforces positioning as a responsible industryleader

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General purpose

cement

CEMENTCO

25kg

Novacem will become a powerful low carbon brand

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The potential is enormous and our ambitions match it

Aiming for adoption of carbon-negative cement on a broad basis, and eventually to

represent a significant % of cement production

A challenging goal but completely feasible in a low carbon world

We will partner and collaborate with many different players on a non-exclusivebasis; our business model is process licensing

Our investors will come from both the financial and industrial sectors. Returns toinvestors will come from an IPO or trade sale, although this is not likely to be to acement company

Target is profitable Novacem plants serving significant segments of the marketwithin 5 years; significant further roll-out within 10 years

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Summary CSI Forum 2010

The cement industry is to be congratulated on all it has done so far to reduce

carbon emissions. But its a mature industry and there is a limit on how far it can go.Adaptation is not enough and radical new approaches are required.

Novacem aims to become the first great cement company of the 21st Century bydeploying our carbon negative cement in conjunction with other cement companies.We know we cant do it on our own.

Novacem will not be a niche product: our objective is full cost and performanceparity with Portland cement

Economically viable sources of Magnesium Silicates are abundantly located in

proximity to major cement markets; energy at 60-90% of ordinary Portlandcement; and production process can be truly carbon negative

The Novacem Green Cement Bond is a great way to start working together. Wewant our licensees to have profitable Novacem plants serving significant segmentsof the market within 5 years; significant further roll-out within 10 years

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Thank you!

14 September, 2010

These slides were used as visual aids accompanying an oralpresentation by Novacem staff. As such they are not a completerecord of the presentation. 2010 Novacem, except whereattributed to others. All rights reserved.

Novacem LimitedThe Incubator, Bessemer Building

Imperial College, South KensingtonLondon SW7 2AZ, UK

Tel +44 (0)20 7594 [email protected] www.novacem.com

Stuart M EvansExecutive ChairmanMob +44 (0)7771 966297Direct +44 (0)20 7594 [email protected]/in/stuartevans


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Further background material

Management Team

Board of Directors

Corporate Profile

Press Release: Novacem named as Technology Pioneer by World Economic Forum

Press Release: Lafarge as first subscriber to Green Cement Bond

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Management Team

Stuart Evans Executive Chairman (CEO) a technology entrepreneur since 1984 and wasfounding CEO at Plastic Logic and Cotag International. His early career was at IBM and McKinseyfollowing an MBA at Harvard Business School. He is a Chartered Director of the Institute ofDirectors and was a Technology Pioneer at the World Economic Forum in Davos

Dr Nikolaos Vlasopoulos Chief Scientist & Director received his PhD and MSc from ImperialCollege, following completion of his MEng at Democritus University of Thrace in Greece. He alsoreceived a Technology Venture Fellowship at Imperial College Business School in 2007.

Howard Simons VP of Engineering a Chartered Engineer with over ten years at M W Kelloggas a Technology Manager and Consultant. Also worked for Esso Engineering Europe Limited, TotalMarc Rich & other major EPC contractors. He holds a Chemical Engineering degree from SheffieldUniversity and is a Fellow of the Institute of Chemical Engineers.

Dr John Prendergast Marketing Manager worked in management consultancy at McKinseybefore joining Novacem. He holds a PhD in Structural Engineering from Cambridge University,where he was a Gates Scholar, and a BEng in Civil Engineering from University College Dublin

CONFIDENTIALOVERVIEW

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14 September, 2010


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Board of Directors

In addition to Stuart Evans and Dr Nikolaos Vlasopoulos, the Board of Novacem comprises:

David Walkerdine Non-Executive Directorwas Strategic and Commercial Director at RedlandAggregates until the time of the acquisition by Lafarge. He continued at Lafarge as VP Strategy ofthe global Aggregates and Concrete Division, and then as Finance Director at Lafarge (formerly

Blue Circle) Cement UK. Subsequently, he was Group Head of Corporate Development at RMC(later acquired by Cemex).

Dr Alan Keasey Non-Executive Directorwas Chairman of Titan Methanol (a BP joint venturebased in Trinidad) and a Commercial Director for BP in Trinidad. This followed 25 years in BPChemicals in technical and business roles, latterly as a research manager in the UK. More recently,he has been Technical and Operations Director at Biofuels Corp and acts as a consultant in thepetrochemicals and bio-fuels sectors. PhD from Sheffield

Jon Page Investor Director Director of New Ventures at Imperial Innovations where he hasbeen involved with over thirty start-ups over the last eight years. He previously worked atPricewaterhouse Coopers and NatWest and holds an MBA from London Business School.

Dr Andrew Mackintosh Investor Director CEO of Royal Society Enterprise Fund. Previouslyspent twenty years at Oxford Instruments, where he became CEO of the entire group, and thenCEO of a biotechnology instrumentation start-up. PhD from Cambridge.

CONFIDENTIALOVERVIEW

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14 September, 2010


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Dsa

___________________________________________________________________

Novacem Limited Tel +44(0)20 7594 3580

The Incubator, Bessemer Building, Imperial College, Fax +44(0)20 7594 1330

South Kensington, London, SW7 2AZ, UK www.novacem.com 1

Corporate profile September 2010

Novacem, the carbon negative cement company, has developed a new cementmanufactured from magnesium silicates and is a spin-out from Imperial College London.We offer the cement industry a scalable alternative to current carbon intensive production.Novacem has been selected as a Technology Pioneer for 2011 by the World EconomicForum, and also features on MIT Technology Reviews list of the worlds ten mostimportant emerging technologies for 2010.

Cements carbon problem

Cement is a vital strategic commodity with current annual production of 2.9 billion tonnesset to increase to 5 billion tonnes by 2030. However, it is responsible for approximately 5%of man-made CO2; production of one tonne of ordinary Portland cement typically emits 800kg of CO2. Emissions are driven by processing of limestone (carbonate) raw materials, anduse of fossil fuel energy.

In the shift to a low carbon world the cement industry has to reduce emissions or else paya high price. The worlds leading cement companies already form the Cement SustainabilityInitiative which recently produced an emissions roadmap to 2050. This report, written inconjunction with the International Energy Agency, confirms that existing technology haslimited potential for further emissions reductions and highlights Novacem as a newtechnology to watch.

Our carbon negative cement

Novacem cement is based on magnesium oxide manufactured from magnesium silicates,of which more than 10,000 billion tonnes exist worldwide. No carbon emissions arereleased from our raw material; we leave limestone and its stored carbon in the ground.Additionally, low carbon fuel such as biomass can be used to drive production, andmanufacture includes the creation of magnesium carbonates which absorb CO2. Overall,more CO2 is absorbed than emitted during cement production. For every tonne of Portlandcement substituted by Novacem cement, CO2 emissions will be reduced by up to 850kg.

We already operate a batch pilot plant and the next stage is a Semi Commercial NovacemPlant. The first commercial scale plants will follow from around 2015. We aim to offer cost

and performance parity with ordinary Portland cement.

Novacem will take a global approach with focus on major established markets and largedeveloping ones; including China and India, the worlds biggest cement producers. Ourbusiness model will be licensing the manufacture and use of our carbon negative cement;we will partner with leading players on a non-exclusive basis.

Our partners

Novacem recently announced the first closing of its Green Cement Bond, along with theparticipation of Lafarge, the world leader in building materials, as the first subscriber. TheBond is an innovative approach for engagement with cement manufacturers to accelerate

commercialisation of our carbon negative cement. The Bond is for a nominal 1 million in acombination of Non Refundable Engineering fees and Convertible Loan Notes.


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We will employ the proceeds of the Bond to accelerate our Semi Commercial NovacemPlant development programme in conjunction with Bond subscribers. Subscribers will alsohave the opportunity to build and operate the first Commercial Volume Novacem Plantsunder license.

Additionally, we previously led a 1.5Mn Technology Strategy Board R&D project withpartners including Rio Tinto (a global mining company) and Laing ORourke (the largestprivate UK construction firm), alongside Imperial College. We are also developingrelationships with a range of other relevant companies.

Our team

We have assembled a world-class team of entrepreneurs, scientists, engineers andadvisers to drive our development. Our Board and Management include:

Stuart Evans Executive Chairman & co-founder. A technology entrepreneur since1984, he was founding CEO at Plastic Logic and Cotag International. Early career at IBM& McKinsey, following Harvard MBA. He is a Chartered Director of the Institute ofDirectors and has twice been a Technology Pioneer at the World Economic Forum.

Dr Nikolaos Vlasopoulos Chief Scientist, co-founder & Director. PhD and MSc fromImperial College, following MEng at Democritus University of Thrace in Greece.Received Technology Venture Fellowship at Imperial College Business School in 2007.

David Walkerdine Non-Executive Director. Previously held senior commercial andstrategy roles in building materials firms including Lafarge, Cemex, RMC and Redland.He is a Chartered Builder and graduate accountant.

Dr Alan Keasey Non-Executive Director. Previously Chairman of Titan Methanol (a BPjoint venture) and held senior research and operational roles in BP Chemicals andBiofuels Corporation. PhD from Sheffield University.

Jon Page Non-Executive Director. Director of New Ventures at Imperial Innovationswhere he has been involved with over thirty start-ups. Previously worked atPricewaterhouseCoopers and NatWest. MBA from London Business School.

Dr Andrew Mackintosh Non-Executive Director. CEO of the Royal Society EnterpriseFund. 20 years at Oxford Instruments, where he became CEO of the entire group. Hewas then CEO of a biotechnology instrumentation start-up. PhD from CambridgeUniversity.

Howard Simons Vice President Engineering. A Chartered Engineer, with over ten yearsat M W Kellogg as a Technology Manager and Consultant. He has also worked for EssoEngineering Europe Limited, Total Marc Rich and with several major EPC contractors.

Dr John Prendergast Marketing Manager. A Gates Scholar at the University ofCambridge with a PhD in Structural Engineering. Previously a management consultantat McKinsey & Co.

Our investors and investment status

Novacem raised a 1 million+ Seed Round in 2009 from Imperial Innovations, the LondonTechnology Fund and the Royal Society Enterprise Fund. This was the first investment bythe Royal Society Enterprise Fund. The company is now planning a Series A round to fundthe Semi Commercial Novacem Plant. Existing investors and subscribers to the NovacemGreen Cement Bond are expected to participate, and we plan to broaden our investorgroup with international financial and corporate investors/collaborators. We have a clearidea of the value added we want from investors beyond just money.

***For further information, please contact Stuart Evans at [email protected] orJohn Prendergast at [email protected].
mailto:[email protected]:[email protected]:[email protected]:[email protected]


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NEWS INFO FOR IMMEDIATE RELEASE 1 September 2010

London, UK 1 September, 2010 Novacem, the carbon negative cement company,

today announced that it has been selected by the World Economic Forum as a TechnologyPioneer for 2011. The Forum has extended the honour to thirty one visionary technologystart-ups from around the world who are poised to have a critical impact on the future ofbusiness, industry and society. Stuart Evans, Executive Chairman of Novacem, will attendthe World Economic Forum Annual Meeting in Davos in January 2011.

Novacems carbon negative cement is based on magnesium oxide and offers the cementindustry a scalable alternative to current carbon intensive production. No carbon emissionsare released from the magnesium silicate raw material used, and overall more CO2 isabsorbed than emitted during production. Novacem is currently working with a world-classeco-system of partners to accelerate deployment of its technology to market.

Stuart Evans commentedThe race is on climate change is relentlessly warming our

planet and it will be catastrophic if we dont do something about it. The cement industry isdoing a great job in facing up to its responsibilities. But its a mature industry and there isa limit to how far they can improve existing Portland cement technology. Its clear thatrevolution is needed, not just adaptation. So at Novacem, we want to deploy our carbonnegative cement on a global scale as soon as possible. Thats how well help improve thestate of the world!

You can watch an interview with Stuart Evans about Novacems role as a TechnologyPioneer athttp://novacem.com/news/videos/

The World Economic Forum is proud to recognize an outstanding group of innovativecompanies as Technology Pioneers for 2011, said Andr Schneider, Managing Directorand Chief Operating Officer of the World Economic Forum. Their technologies and

business models will have a durable and valuable effect in several industries and societyas a whole. We look forward to their unique contributions to the mission of the Forum:improving the state of the world.

We were truly impressed with the quality, quantity and diversity of the applicants thisyear, thereby making the selection process one of the most difficult to date. I would liketo congratulate the Technology Pioneers Class of 2011. These companies can be veryproud of receiving such a respected and coveted distinction, stated Kevin E. Comolli,Managing General Partner, Accel Partners.
http://novacem.com/news/videos/http://novacem.com/news/videos/http://novacem.com/news/videos/http://novacem.com/news/videos/


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To be selected as a Technology Pioneer, a company must be involved in the developmentof a major technology and/or innovation and have the potential for long-term impact onbusiness and society. In addition, it must demonstrate visionary leadership and show allthe signs of being a long-standing and sustainable market leader and its technologymust be proven. Previous Technology Pioneers include internet luminaries such as Google(2001) and Twitter (2010). Stuart Evans is a rare second time Technology Pioneer hisformer company Plastic Logic was selected in 2004.

Note to editors

Novacem Limited www.novacem.com

Novacem, the carbon negative cement company, is a spin-out from Imperial CollegeLondon and has developed a new generation of carbon negative cement that will offercost and performance parity with Portland cement. The cement is based on magnesiumoxide produced from magnesium silicates, and is a scalable, transformational alternativeto current carbon intensive cement production. The company recently announced the first

closing of its Green Cement Bond with Lafarge, the world leader in building materials, asthe first subscriber.

Novacem is currently working on a development programme to construct and operate aSemi Commercial Novacem Plant (up to 25,000 tonnes per year) to be co-located with anexisting cement plant. It will work closely with Bond subscribers in the development of theplant and the first Commercial Volume Plants which will follow. Thereafter the technologywill be rolled out to companies in and around the cement industry to ensure its fullpotential to reduce carbon emissions is realised.

Novacems Board and management team comprises of a blend of experiencedentrepreneurs, innovative scientists, seasoned industry executives and investors. Thecompany raised a 1 million+ Seed Round in 2009 from Imperial Innovations, the Royal

Society Enterprise Fund and the London Technology Fund. The company is planning aSeries A Funding to support the construction of the Semi Commercial Novacem plant andother development activities.

For more information contact:Dr John Prendergast, Marketing Manager+44 (0)20 7594 9531+44 (0)7800 [email protected]

World Economic Forum Technology Pioneers Programme

For more information about the Technology Pioneers Programme:http://www.weforum.org/techpioneersDownload the Technology Pioneer report athttp://sn.im/tp2011Watch interviews with the Technology Pioneers athttp://sn.im/techpioneers2011Follow the Technology Pioneers on Twitter athttp://twitter.com/davos/techpioneers2011Follow the Forum on Twitter athttp://twitter.com/davosRead the Forum Blog athttp://www.forumblog.orgPress Releases athttp://www.weforum.org/pressreleases

For updates about the activities of the World Economic Forum, subscribe toRSS feed

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NEWS INFO FOR IMMEDIATE RELEASE 2 July 2010

London, UK 2 JULY, 2010 Novacem, the carbon negative cement company, today

announced the first closing of its Green Cement Bond, together with the participation ofLafarge, the world leader in building materials, as the first subscriber. The Novacem GreenCement Bond is an innovative commercial and financial approach for engagement withmajor cement manufacturers to accelerate the development and commercialisation ofNovacems negative carbon cement. The Bond is for a nominal 1 million (through acombination of Non Refundable Engineering fees and Convertible Loan Notes). It isexpected that subscribers to the Bond will also participate in the Series A Funding roundcurrently being planned by Novacem.

Novacems carbon negative cement is based on magnesium oxide and offers the cementindustry a scalable alternative to current carbon intensive production. No carbon emissionsare released from the magnesium silicate raw material used, and overall more CO2 isabsorbed than emitted during production. Novacem features on MIT Technology Reviewslist of the worlds ten most important emerging technologies for 2010.

Novacem will employ the proceeds from both the Bond and the Series A Funding toaccelerate its development programme to construct and operate a Semi CommercialNovacem Plant (up to 25,000 tonnes per year) to be co-located with an existing cementplant. Bond subscribers will work with Novacem in the development of the Plant and sharevaluable experience in the production of Novacems carbon negative cement. They willalso have early access to Plant output for testing, development, certification, pilot projectsand early sales. Additionally, they will have the opportunity to build and operate the firstCommercial Volume Novacem Plants under license from Novacem. Thereafter, Novacem

expects to roll out other Commercial Volume Novacem Plants to the subscribers as well asto other cement companies and qualified parties.

Stuart Evans, Chairman of Novacem, commented We have always known that we wouldneed to work closely with the cement industry to urgently tackle, together, the veryserious carbon emissions problems that the industry faces. We couldnt have hoped for abetter first cement industry partner than Lafarge.

Enquiries about the Second Closing of the Bond should be directed to Novacem ChairmanStuart Evans ([email protected]) or Dr John Prendergast per details below.


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MEDIA ENQUIRIES

Novacem Lafarge press officeDr John Prendergast, Marketing Manager + 33(0) 1 44 34 19 47+44 (0)20 7594 9531 [email protected]+44 (0)7800 [email protected]

Novacem Limited www.novacem.com

Novacem, the carbon negative cement company, is a spin-out from Imperial CollegeLondon and has developed a new generation of carbon negative cement that will offercost and performance parity with Portland cement. The cement is based on magnesiumoxide produced from magnesium silicates, and is a scalable, transformational alternativeto current carbon intensive cement production. Novacem features on MIT TechnologyReviews list of the worlds ten most important emerging technologies for 2010.

Novacems Board and management team comprises a blend of experienced entrepreneurs,innovative scientists, seasoned industry executives and investors. The company raised a1 million+ Seed Round in 2009 from Imperial Innovations, the Royal Society EnterpriseFund and the London Technology Fund. The company is planning a Series A Funding tosupport the construction of the Semi Commercial Novacem plant and other developmentactivities.

Lafarge www.lafarge.com

Lafarge is the world leader in building materials, with top-ranking positions in all of itsbusinesses: Cement, Aggregates & Concrete and Gypsum. With 78,000 employees in 78countries, Lafarge posted sales of 15.9 billion in 2009. In 2010, and for the sixth year ina row, Lafarge was listed in the Global 100 Most Sustainable Corporations in the World.With the worlds leading building materials research facility, Lafarge places innovation atthe heart of its priorities, working for sustainable construction and architectural creativity.

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novacem at csi forum

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