Solar Integrated Obtains Waiver and Amendment of Credit Facility With GE

London, UK, and Los Angeles, California, August 29, 2006 – Solar Integrated Technologies, Inc. (AIM: SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has obtained a waiver of its breach of covenants under its revolving line of credit with an affiliate of GE Energy Financial Services.  The Company also reported that the credit facility has been amended to provide access to more capital under the borrowing base eligibility criteria and to provide the Company with more flexibility relating to the facility’s financial covenants.

The interest rate remains unchanged under the amended asset-based lending agreement.  As partial consideration for GE Energy Financial Services agreeing to the waiver and amendment, the Company has agreed to adjust the strike price of the 2,000,000 warrants previously issued to GE Energy Financial Services to a strike price of US$1.122 per share (currently equivalent to £0.60 per share), representing a 29% premium to the last closing price of the Company’s stock, and a 20% premium to the trailing 10-day average closing price, subject to adjustment in certain circumstances.

On August 8, 2006, the Company announced that it had received funding of $4.7 million from GE Energy Financial Services in connection with the installation of BIPV roofing systems on three additional schools in San Diego, California.

“GE Energy Financial Services has been constructive, professional and supportive during this waiver review and amendment process,” stated R.  Randall MacEwen, Interim Chief Executive Officer of Solar Integrated.  “Under the revised borrowing base eligibility criteria, the Company currently has access to additional borrowing.  We expect the additional borrowing base availability – which will fluctuate up and down based on our eligible receivables and inventory positions from time to time – coupled with our recent $4.7 million funding from GE Energy Financial Services, to support our near-term working capital requirements.”

About GE Energy Financial Services
GE Energy Financial Services’ 300 experts invest globally with a long-term view, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $13 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $3 billion annually in two of the world’s most capital-intensive industries, energy and water. More information:  www.geenergyfinancialservices.com.

About GE
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

About Solar Integrated
Solar Integrated Technologies, Inc. (SIT: AIM.LN) is a Los Angeles-based company that designs, manufactures and installs building integrated photovoltaic, or BIPV, roofing systems for customers with non-residential buildings that have flat or low-slope rooftops.  We believe we were the first company in North America to commercially market and sell an innovative and proprietary BIPV roofing system that combines flexible thin-film solar modules with a single-ply roofing membrane for the non-residential building market.  Our BIPV roofing system enables our customers to transform a traditional rooftop into a value-generating asset.  Our customers include Coca-Cola Enterprises, Frito-Lay, Honeywell, San Diego Unified School District, Toyota and Wal-Mart.  For more information, please visit www.solarintegrated.com.

Forward-Looking Statement
This release includes forward-looking statements which are based on certain assumptions and reflect management’s current expectations as contemplated under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  Some of these factors include:  the availability and cost of capital; uncertainty as to whether our strategies, partnerships and business plans will yield the expected benefits; general global economic conditions; general industry and market conditions and growth rates; increasing competition; the ability to identify, develop and achieve commercial success for new products, services and technologies; changes in technology; changes in laws and regulations, including government incentive programs; intellectual property rights; our ability to secure and maintain strategic relationships, including key supply relationships; and the availability of, and our ability to retain, key personnel.  Additional factors are discussed in our public disclosure materials from time to time.  We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:

Company Contacts:
Solar Integrated Technologies, Inc.                              Solar Integrated Technologies, Inc.
R. Randall MacEwen                                                    John M. Palumbo
Executive Vice President, Corporate Development      Chief Financial Officer
Los Angeles, California, USA                                        Los Angeles, California, USA
+1.323.231.0411                                                          +1.323.231.0411

Media Contacts:
Gavin Anderson & Company                                        Solar Integrated Technologies, Inc.
Ken Cronin or Deborah Walter                                     Dona Garcia
London, UK                                                                  Los Angeles, California, USA
+44.20.7554.1400                                                         +1.323.231.0411