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The CompanyThe Company

Nasdaq OTC traded since March 9th, 2010

Focus on

Waste to $

Emissions prevention

Invested till today: 1,200,000 $

Main share holders : Founders and private investors

Operating in: Ghana, USA, and China

Strong pipeline of projects, will start project execution in coming 6 months and start generating revenues in coming 12-18 months

StrategyStrategy

The Company is focused on preventing green house emissions while turning waste into revenue generating resource, including:

Energy

Compost

Carbon Credit

The Company is focused on BOT & BOO projects with a very high ROI and continuous revenues for long periods of time.

The Company is operating as the project developer and will execute the projects with EPC contractors.

In the last year the Company signed 10 projects and is starting to execute them now.

Completed financing of $3.4 MM for first 2 projects.

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The OpportunityThe Opportunity

The Company is taking a major international problem and turning it into a source

of revenue.

There is unlimited, continuous production of waste and a big demand for the

products that the Company knows how to produce out of this waste.

Carbon Credit:

Carbon credit market was worth $142 Billion in 2010 and by 2020 is expected

to grow to $1.9 Trillion

Compost

The North American market for Compost produced from Diary Farm’s alone is

estimated at over $1 Billion.

Renewable energy

The increase in electricity prices combined with the run off from nuclear

energy created a huge, almost unlimited market for renewable energy.

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Blue Sphere ManagementBlue Sphere ManagementBlue Sphere is led by highly experienced team of executives with many years of experience in developing and managing environmental and energy projects world wide.

Eli Weinberg – ChairmanMr. Weinberg is an expert in the clean-tech sector and was Chairman of the environment desk at the Israeli Chamber of Commerce. Mr. Weinberg has managed several large organizations, including as CEO of Delta Galil Europe Ltd., CEO of Amnir Recycling Industries Ltd. (the leading Israeli company in the environment industry), CEO of Tradetex International Inc., and CFO of Scitex Europe S.A. Mr. Weinberg is experienced in running large multi national operations in developing countries. As CEO of Amnir Recycling Industries, Mr. Weinberg was involved in large scale waste management projects.

Shlomi Palas - CEOMr. Palas is a highly experienced entrepreneur and executive. He was a senior consultant with Mitzuv, a leading management consulting firm. For the past four years, he has specialized in the renewable and clean tech industries, and has significant experience in renewable and clean tech, large scale project management, off-take contracts with leading petrol companies, legal/financial structuring, and fundraising for these industries. He has also developed a large network in private and government sectors in developing countries.

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Blue Sphere ManagementBlue Sphere Management

Roy Amitzur – Executive VPRoy Amitzur is a world-renowned expert in environmental business. He served as a former CEO and Director of a number of israeli and foreign companies. Rouy has vast experience in international project execution and is bringing with him to Blue Sphere a large network of large system integrators, institutions and investors in the environmental market.

Mark Radom, Chief Carbon Project DeveloperMr. Radom has worked in the “carbon” industry as legal counsel to carbon project developers and then as Chief Operating Officer and Chief Executive Officer of Carbon Markets Global Limited, a London-based carbon project developer, and Managing Director of Carbon MPV Limited, a Cyprus-based carbon project developer. Prior to this, Mr. Radom worked on Wall Street and in the City of London as a lawyer where he represented sovereigns, global investment banks and major companies across a broad range of capital raising and corporate transactions.

7 Projects – Immediate Execution7 Projects – Immediate Execution

USA – Electricity and compost production from cattle manure in 4 farms.

Ghana – Carbon Credit at 2 landfills.

China – Electricity production from cattle manure – 1 huge project.

All above projects are signed and they are in different stages of moving forward

towards execution.

Many additional projects in each of the above territories are ready to go into

execution as 2nd wave.

We have additional projects in Cyprus and Greece which are signed and we are

currently evaluating.

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Ghana ProjectsGhana Projects

Signed Projects: 3 Landfills + 1 MSW Transfer Station

Expecting to sign in coming 6 months: 1 landfill + option to sludge treatment facility.

First 2 projects have started execution

Agreement was signed with B-pure for $3.4 MM project financingB-Pure will be responsible for project executionBlueSphere’s share in these projects will be 50% Projects IRR: 44% and 34%Project NPV: $8.1 MM and $3.5 MMStarted UN CER registration process

In contract negotiations with Vattenfall for the purchase of all CDMs

that will be produced in Ghana and up to 9 projects

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Ghana,Kumasi LandfillGhana,Kumasi Landfill

Installation of a gas collection system and flare.

The landfill site was opened in 2004 and is expected to receive waste until 2020. As such, the landfill will continue to create and emit methane until 2040.

Available Option (TBD) : Power generation instead of flaring and compost production on top of any alternative.

CER Units 50,000 initially, rising to 131,000 in 2022. Average approx. 97,000

Project Scale $1.8 million

IRR 43%

Status Project financing agreement is signed and execution has started.

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Ghana,Oblogo LandfillGhana,Oblogo Landfill

The Project is comprise the installation of a gas collection system and flare at two closed landfill in Ghana. The landfill site was closed after 2005 with approximately 1.5 million tonnes of municipal solid waste.

These landfill sites will continue to create and emit methane until after the project will no longer be eligible to receive CERs (which is 21 years).

CER Units 43,000 initially, falling to 32,000

Project Scale $1.6 million

IRR 34%

Status Project Financing agreement was signed and execution

has started.

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US ProjectsUS Projects

We have established a JV with Stewartsmith, a privately owned company of

which the owners have many years of activity in this market.

50 Projects with dairy farms have been signed and LOIs were received from

major US buyers for the Organic Compost.

We are planning to start executing projects at 4 farms.

DBF only – can start generating revenue in 6 months.

Electricity production - can start generating revenues in 18 months.

We are in negotiations with 3 potential investors for project financing of the

initial 4 farms.

We are negotiating an option to work with Waterleau from Belgium as EPC for

these projects.

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USA – Cattle Manure TreatmentWith Electricity Production

Description

Partnering with 4 cattle farms with 16,000 cattle and option to execute 50 farms in the north west part of USA, Blue Sphere will use the manure to produce compost and have the option to convert methane from digesting manure to electricity.Term sheets are signed with the project owner. EPC and Technology provider are in place.

GrantThe electricity production part of these projects is qualified for the 30% Federal tax credit / 1603 cash grant.

Project Scale $30 million

IRR 36%

Status Engineering, permits and LOIs with Compost off takers are in place

USA – Cattle Manure TreatmentUSA – Cattle Manure TreatmentDBF OnlyDBF Only

Description

Partnering with 4 cattle farms with 16,000 cattle and option to execute 50 farms in the north west part of USA, Blue Sphere will use the manure to produce compost and have the option to convert methane from digesting manure to electricity.Term sheets are signed with the project owner. EPC and Technology provider are in place.

Grant No Grant

Project Scale $8 million

IRR 38%

Status Engineering, permits, LOI with Compost off takers are in place

Chinese ProjectsChinese Projects

We established partnership with Clinci - a leading Chinese provider of waste to

energy and waste to compost solutions

Huishan project is signed and ready to go pending financing

Additional 14 projects ready to sign pending financing

Overall 15 projects data:

NPV > $550m

IRR > 35%

Required investment $152m

In negotiations with CLSA fund for over-all project financing

China – Cattle Manure - HuishanChina – Cattle Manure - Huishan

Description

China is the largest active market in the world in carbon reduction activity. It accounts for 45% of worldwide carbon reduction projects.Partnering with one of the largest complexes of cattle farms in the world, Blue Sphere will convert methane from digesting manure to electricity.Term sheets are signed with the cattle farms by which the Chinese partner will invest 50% of the required equity.

CER Units 80,000 CER, 5.6 MW

Project Scale $22 million

IRR 23%

Status DD design and engineering plan have been started

China – 15 ProjectsChina – 15 ProjectsProject name Funds Required** Total Revenue Ave. Annual Net IRR

Profit Before Tax*

1 Huishan 22,100 124,200 4,700 23%

2 Huibei 17,500 415,300 20,000 54%

3 Zhejiang 6,900 103,400 5,000 47%

4 Shandong 13,000 205,300 10,000 52%

5 Jilin 22,000 399,500 20,500 52%

6 Hebei 13,000 205,300 10,000 52%

7 Guangxi 22,200 399,500 18,400 52%

8 Beijing 10,300 104,700 5,200 49%

9 Zhengzhou 4,300 33,400 1,200 32%

10 Jiaozuo 4,300 33,500 1,200 32%

11 Nanyang 4,300 35,300 1,200 32%

12 Yixian 8,100 66,900 2,500 37%

13 Zhangwu 8,100 70,500 2,700 39%

14 Fushon 8,100 66,900 2,500 37%

15 Chongqing 21,100 391,800 20,000 54%

Administration (until positive cf) 3,000

Total 188,300 2,072,600 97,900

Funds supplied by self cash flow 36,300

Total funds required ** 152,000

Consolidated Current Project Data Consolidated Current Project Data

  Number of Total required Average

  Projects Investment IRR

US 4 $30m 36%

Ghana 2 $4m 38%

China 15 $152m 42%

Capital RequirementsCapital Requirements

Blue Sphere currently has 7 signed projects ready to start.

They require a total of $72 Million in financing.

These projects are typically expected to provide payback of the total capital

investment in 3 years.

Unleveraged IRRs for most of the projects are expected to be in the range of

22% - 40% (depending on the location) .

Cumulative EBITDA over the projects’ 20-year life is expected to reach five

times the total capital investment (equity + debt financing).

Financing OptionsFinancing Options

Blue Sphere has a number of possible financing options:

Sell stock in Blue Sphere - Implement the projects and maintain 100%

ownership on the projects

Project equity financing: Sell portions of one or more projects- decrease

the equity interest that Blue Sphere holds in a project.

A combination of the two above funding methods - Equity investment of

roughly 30% to 40% of the total capital required,

All of the above options can be complemented by debt financing.

Blue Sphere Financial ProjectionsBlue Sphere Financial Projections

Annual revenue will reach $101-$113 Million within 7 years.

NPV after investment deduction will reach $260 within 7 years .

Average IRR for non leveraged capital will exceed 25%.

The above values will be achieved by entering into more projects in solid

waste, manure, and agriculture waste treatment.

We will continue our strategy: mix high yield projects in emerging markets with

lower risk projects in developed countries

These projections require an additional $35 MM in capital investment but only

after a few of the initial signed projects are up and running.

Plan for the short termPlan for the short term

Start the execution of the following:

2 projects in Ghana

1 project in the US

1 project in China

Raise $1-2 MM for 12-24 months operational expenses

Start IR & PR activities in the US market

Sign strategic agreements with

1-2 large CDM buyers

1-2 EPC

Close financing for all the signed projects in China, Ghana and US.

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SummarySummary

The Company is active in a huge and rapidly growing market.

The Company has a highly experienced management team with a vast proven track record.

The Company is operating as a project developer and is focused on long term projects with IRR > 25%.

The Company completed the initial phase of generating a significant pipeline of projects.

The Company is moving into project execution and will start generating revenues in the next 12-18 months.

The Company is expected to have assets with NPV of about $260 MM in 7 years.

WaiverWaiverThe information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Bluesphere Corporation (“BSC”) and its projects and consult with their own legal, tax, business and/or financial advisors in connection with any acquisition of securities or other investment.The information contained in this presentation has been prepared in good faith by BSC. However, no representation or warranty, expressed or implied, is made as to the accuracy, correctness, completeness or adequacy of any statement, estimates, opinions or other information contained in this presentation.This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. Among these are: (i) uncertainties regarding our ability to obtain adequate financing on a timely basis including financing for the projects described in this release and other specific projects, (ii) uncertainties regarding the future of applicable renewable energy markets, the Kyoto Protocol and binding greenhouse gas warming commitments of industrialized countries, (iii) uncertainties regarding the market for and value of carbon credits, as well as the duration and amount of estimated emissions from specific projects, (iv) political and governmental risks associated with the foreign countries in which we operate, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required host country and United Nations approvals, (vi) the development stage of our business and (vii) our lack of operating history. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.Accordingly, BSC, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of events referred to in this presentation will occur as contemplated.The Company assumes no obligation to update the information in this presentation.