11 DECEMBER 2007

APPLIED INTELLECTUAL CAPITAL

ANNUAL GENERAL MEETING

PROPOSED RELOCATION OF THE GROUP HOLDING COMPANY

At today's Annual General Meeting, Professor Sir Andrew Likierman, AIC's
Chairman, made the following statement:

"I am pleased to report today that AIC proposes to relocate the group holding
company from Nevada (USA) to Jersey (Channel Islands).

"As a company registered in Nevada, AIC is currently restricted in its ability
to participate in CREST, and all of the issued shares in AIC are in certificated
form. The Directors believe that this is adversely affecting the liquidity of
AIC's shares on AIM. Therefore the principle purpose of such a relocation to
Jersey would be to facilitate participation in CREST and thereby enhance
liquidity.

ENQUIRIES:

Applied Intellectual Capital
Dr. Stephen Clarke
Tel. Tel. +1 925 639 9399

Pelham Public Relations
Archie Berens Tel. +44 (0) 20 7743 6679 / +44 (0)7802 442486

Nabarro Wells & Co. Limited
Tel. +44 (0) 20 7710 7400
Marc Cramsie
Harry Stockdale

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 £106 million.

RedOx Biofuels Plc is a subsidiary of Applied Intellectual Capital (AIC), which joined the London AIM (AINC) in January 2007. For more information, visit AIC or email admin@apicap.com