Market Release (1 page) – 25 February 2011

Dyesol Commits to an American Depositary Receipt (ADR)

programme

As Dyesol’s operations continue to grow in the United States, the company has appointed Bank of New York
Mellon (BNY Mellon) as its Depositary for a Level 1 sponsored OTC quoted ADR programme. BNY Mellon is
the leading global depositary, managing substantially more sponsored ADR programmes than any other
depositary in the world with ADR’s issued for more than 2,100 programs from 67 countries.

The Board of Dyesol has made its decision based on strong investor interest from the USA, particularly after
recently reporting progress of the DyeTec Solar joint venture. The company also notes that ADR programmes
have been shown to increase liquidity for ASX listed companies. In a SIRCA study reported in the December
2009 Listed@ ASX Newsletter, it was reported that, “the increase in turnover for active ADR companies was
more than double that of comparative control stocks.”

“The results suggest that traders (including market makers) in the US market source inventory from the
Australian market to provide liquidity in the ADR market. Also the enhanced profile of the company in the
US leads to greater market interest in the company resulting in increased trading in the Australian market by
US investors,” noted the report.

“We know already from trades occurring outside the ADR regime that there is a demand for Dyesol shares in
the USA,” Dyesol Chairman, Richard Caldwell said. “Signing up for the ADR programme will not only make it
easier for potential US investors to invest in Dyesol, it will increase exposure of Dyesol to global solar and
advanced technology pricing, similar to our successful experience in trading in Germany on the Open Market
(formerly called the Third Market).”

It is anticipated that the establishment process will be completed within one month with a sponsored ADR
programme in place shortly after this. A further announcement in terms of the effective date of the programme
with the OTC Market ticker symbol and other relevant information will follow prior to the programme’s launch.

For further information contact Viv Hardy at Callidus PR on +61 (0)2 9283 4113 or on +61 (0)411 208 951.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177 6058804.

Note to editors
The Technology – DYE SOLAR CELLS
DSC technology can best be described as ‘artificial photosynthesis’ using an electrolyte, a layer of titania (a pigment
used in white paints and tooth paste) and ruthenium dye deposited on glass, metal or polymer substrates. Light striking
the dye excites electrons which are absorbed by the titania to become an electric current many times stronger than that
found in natural photosynthesis in plants. Compared to conventional silicon based photovoltaic technology, Dyesol’s
technology has lower cost and embodied energy in manufacture, it produces electricity more efficiently even in low light
conditions and can be directly incorporated into buildings by replacing conventional glass panels or metal sheets rather
than taking up roof or extra land area.

The Company – DYESOL Limited

Dyesol is a global solar technology company and in August 2005 was listed on the Australian Stock Exchange (ASX:
DYE). Dyesol manufactures and supplies a range of dye solar cell products comprising equipment, chemicals, materials,
components and related services to researchers and manufacturers of DSC. The Company is playing a key role in taking
this third generation solar technology out of the laboratory and into the community.

More details about the company and the technology can be found at: http://www.dyesol.com

www.dyesol.com