Chardan Capital Markets, LLC is exclusive placement agent for the convertible note facility and also served as exclusive financial advisor to CBD in connection with negotiation of the merger agreement with Westinghouse Solar, Inc. and placement of a $25 million special purpose construction credit facility for CBD's solar development projects in Europe.About CBD Energy (ASX:CBD) CBD is Australia's emerging leader in renewable energy, enabling the efficient use of renewable energy for utilities, businesses and households through operations in wind, solar, energy storage and engineering. For its fiscal year ended 30 June 2011, CBD recorded revenue of A$164.5 million and profit after tax of A$4.8 million. CBD is one of the largest non-utility suppliers and installers of solar energy generation equipment for both large- and domestic-scale operation in Australia. Utilizing its globally competitive supply chain, CBD is also currently developing and installing solar projects in Australia, Europe, U.S. and Southeast Asia, both directly and through joint ventures. More information about CBD can be obtained at: http://www.cbdenergy.com.au/ About Partners for Growth Established in 2004, PFG provides custom debt solutions to private and public emerging growth technology and life science companies. PFG's custom approach results in a variety of structures and terms including working capital lines of credit, term loans and convertible debt. PFG looks to share in the success of its clients by taking equity participation rights in the form of stock warrants or convertibility of its debt.. Investments in the energy and cleantech area have included Windlab Systems, an Australian based wind mapping and wind farm development company; Comverge, a public company providing demand response and energy efficiency software and hardware and; Energy Connect, an energy demand response software company recently purchased by Johnson Controls. More information about PFG can be obtained at: http://www.pfgrowth.com/index.html About Chardan Capital Markets, LLC Chardan is a global, full-service investment bank with offices in New York, Los Angeles, Sydney and Beijing. Chardan maintains a loyal, focused client base of U.S. institutional investors and family offices that are actively seeking investment opportunities in both public and private Australian entities. The firm also serves as a bridge between its Asian and Australian corporate clients and U.S. capital markets. Chardan's investment banking group specializes in IPOs/secondaries, private placements, restructurings, M&A advisory services and mezzanine debt financing. Chardan's research team has an international focus, specializing in actively covering non-U.S. listed companies. The NY and LA-based institutional trading desks provide 24-hour coverage for international equities and options. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.