Solar Integrated Announce Application for Block Listing of Common Shares

London, UK, March 3, 2006 - Solar Integrated Technologies, Inc. (AIM:  SIT.LN), a leading provider of commercial Building Integrated Photovoltaic (BIPV) roofing systems, announced today that the Company has made an application to the AIM market of the London Stock Exchange for a block listing of 7,000,000 common shares in connection with the terms of previously issued convertible notes.  These shares will be issued if and when previously issued convertible notes are converted and will rank pari passu in all respects with the Company's existing common shares.  By making this application, the Company expects to streamline the process for the issuance of common shares in the event that any of these previously issued convertible notes are issued.


On November 7, 2005, Solar Integrated announced that it had closed a $37 million private placement of convertible notes.  The notes mature on November 1, 2010 and bear interest at 6.5% per annum, subject to adjustment in certain circumstances.  The notes are convertible, at the option of the holder, into Solar Integrated common stock at a conversion price of $3.392 per share, subject to adjustment in certain circumstances.  The initial conversion price represented a 16% premium to the average of the closing prices of Solar Integrated's common stock during a 10-day pricing period that yielded an average closing price per share of £1.6395, and converted to US dollars at the then effective exchange rate.  The notes are subordinate to existing and future secured debt of the Company to the extent of the value of the assets securing that debt.  No application has been, nor is expected to be, made for the convertible notes to be listed or quoted on any public exchange.