"Results of General Meeting of Shareholderso Shareholders...

"Results of General Meeting of Shareholders

o Shareholders approve acquisition of 100% of CETO technology
o FIRB approval received
o Transaction due to complete in coming weeks
o Shareholders approve name change to Carnegie Wave Energy Limited

Wave energy developer Carnegie Corporation Limited (ASX: CNM) is pleased to announce the passing of all resolutions at today's Shareholders meeting. Importantly, Shareholders have approved several resolutions which were key conditions to the acquisition Intellectual Property and Northern Hemisphere development rights for the CETO Wave Energy Technology, including issue of securities to Renewable Energy Holdings PLC and the appointment of nominee directors Mike Proffitt and Jeff Harding.

The Company will now work towards finalization of the remaining outstanding conditions to the Transaction, schedule to complete in the coming weeks. Carnegie is also pleased to advise that REH has been formally notified that the transaction has received Foreign Investment Review Board approval, another condition required for the
successful completion of the Transaction."