Clean Energy Brazil PLC
28 December 2007


TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1) Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

CLEAN ENERGY BRAZIL PLC

(2) Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights (No)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify): INCREASE IN ISSUED SHARE CAPITAL (YES)

(3) Full name of person(s) subject to the notification obligation:

AXA SA, 25 VENUE MATIGNON, 75008 PARIS AND ITS GROUP OF COMPANIES

(4) Full name of shareholder(s) (if different from (3)):

N/A

(5) Date of the transaction and date on which the threshold is crossed or
reached (if different):

18 December 2007

(6) Date on which issuer notified:

19 December 2007

(7) Threshold that is crossed or reached:

5%

(8) Notified details:

A: Voting rights attached to shares
Class/type   Situation previous to the Resulting situation after the triggering
of shares    Triggering transaction    transaction
if possible  Number of    Number of    Number Number of Voting   % of voting
using the    Shares       Voting       of     Rights              rights
ISIN code                 Rights       Shares
                                               Direct Indirect  Direct Indirect
IMOOB1FPZP63  5,000,000   5,000,000      0       0   5,000,000            3.68

B: Financial instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise /     Number of voting rights that may   % of
Financial   Date       Conversion     be acquired is the instrument is   voting
Instrument             Period / Date  exercised / converted              rights
N/A

Total (A+B)
Number of voting rights                  % of voting rights
5,000,000                                3.68%

(9) Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

AXA FRAMLINGTON MONTHLY INCOME - 5,000,000 SHARES - 3.68286% OF ISSUED SHARE 
CAPITAL

Proxy Voting:

(10) Name of the proxy holder:

N/A

(11) Number of voting rights proxy holder will cease/acquire to hold:

N/A

(12) Date on which proxy holder will cease/acquire to holding voting rights:

N/A

(13) Additional information:

N/A

(14) Contact name:

TERRY MARSH

(15) Contact telehpone number:

+44 207 003 2637





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