Re-organisation Approved
03.03.08

Applied Intellectual Capital ("AIC")

Applied Intellectual Capital, (AIM: AINC/L), a company incorporated in Nevada,
USA, is pleased to announced that, at the Special Meeting of the shareholders
held on 3rd March 2008, the recommended proposals for the re-domiciling of the
group under a new holding company incorporated in Jersey, Channel Islands, were
unanimously passed, and without dissent. Accordingly, the reorganisation has
been approved by the shareholders.

The last day of dealings in Applied Intellectual Capital is expected to be 11th
March 2008, and dealings in the shares of the new holding company, Applied
Intellectual Capital Limited, are expected to commence on 12th March 2008.

ENQUIRIES:

Applied Intellectual Capital: Dr. Stephen Clarke Tel. +1 925 639 9399
Pelham Public Relations : Archie Berens Tel. +44 (0)207 743 6679
Nabarro Wells: Marc Cramsie Tel. +44 (0)207 710 7400

NOTES FOR EDITORS

About AIC

AIC is an AIM listed company that funds, develops, patents and commercialises
electrochemical and advanced separations technologies in clean energy,
electricity storage, water treatment, metals recovery and other emerging
markets. AIC listed on AIM in January 2007 and currently has a market
capitalisation of approximately £107 million.

About Plurion

Plurion was established to develop and subsequently commercialise a novel and
potentially highly cost-effective technology for high capacity electricity
storage. Plurion was attracted to Scotland, to develop its innovative and
revolutionary large-scale battery system by ITI Scotland's programme for
attracting new technologies to the Country.

Plurion owns the exclusive rights to a type of Flow battery (or RedOx battery)
developed by AIC. AIC provided initial funding to develop Plurion's technology.
The Directors believe that Plurion is in a strong position to exploit the
growing market for high capacity electricity storage.