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EnGlobe Corp. Announces Fourth Quarter And Full Year 2008 Results

BURLINGTON, ON – March 25, 2009 - EnGlobe Corp. (“EnGlobe” or the “Corporation”) (TSX:
EG), today announced financial results for the fourth quarter and for the fiscal year ended
December 31, 2008.

“EnGlobe performed well in the fourth quarter, despite an increasingly difficult economic
environment. Revenues were up in most verticals, and we successfully contained costs,” said
André Héroux, CEO of EnGlobe. “It's unclear how long the global downturn will last, but our focus
remains on the long term, and we will continue to invest in strategic growth areas such as soil
treatment facilities in Europe.”

Q4 Financial Highlights

In the fourth quarter, revenue was $41 million compared with $39.9 million, an increase of $1.1
million or equivalent of 2.8%.

The Corporation’s revenue growth was driven by significant growth in the Corporation’s Site
Assessment and Remediation (“SAR”) division, which is mainly attributable to the acquisition, in
March 2008, of Celtic Technologies Limited (“Celtic”) and a major new contract in Northern
Canada. Celtic contributed $7.3 million of revenue in the fourth quarter.

The Corporation’s Organic Waste Management (“OWM”) division, however, experienced a
planned decrease of revenue that totaled $6.4 million. As part of the Corporation’s previously
communicated reorganization plan, OWM is now concentrating on activities that generate positive
financial contribution. This has resulted in the progressive phasing out of certain contracts and
business activities, which is translating into lower revenues, but higher margin with reduced risk.
Revenue for the Tank Testing and Calibration division was comparable to the same period in
2007 with no significant difference in the level of activity.

Gross operating profit in the quarter was $11.1 million compared with $12.3 million in the quarter
ended December 31, 2007, a decrease of $1.2 million or equivalent to 9.8%. As a percentage of
sales, gross operating profit margin for the fourth quarter was 27.2% compared with 30.7% in the
same period of 2007. The decrease in gross operating profit is primarily attributable to the OWM
division of the Corporation, where treatment and disposal costs increased, as well as lower
margins were earned on sales of compost due to a more competitive market.

Adjusted EBITDA (earnings before income tax, depreciation and amortization) for the fourth
quarter was $3.9 million compared with $3.8 million in the quarter ended December 31, 2007.
The increase is principally a result of Celtic’s contribution of $1.9 million, which compensates for a
significant decrease in the OWM division of the Corporation.

Amortization of intangible assets for the quarter ended December 31, 2008 was $1.2 million, an
increase of $0.5 million compared to the quarter ended December 31, 2007, mainly due to the
Celtic acquisition in March 2008.

For the quarter ended December 31, 2008, there was a cash inflow of $2.3 million generated by
our operating, investing and financing activities compared to an outflow of $4.7 million for the
same period in 2007.

“We are pleased to have accomplished further improvements in our financial and operational
milestones,” said André Héroux, President and CEO. “We achieved this success through a
focused strategy designed to grow the SAR line of business while restructuring OWM and
reducing corporate costs and expenses. These activities have resulted in two consecutive
quarters of strong operating profit with the Corporation generating adjusted EBITDA of $10.3
million for the second half of 2008. Our focus will remain on improving our operational
efficiencies and profitability, and conserving cash throughout the Corporation. Despite a
challenging economic outlook ahead, we believe that we will continue to grow market share as
clients focus now more than ever on improving efficiency and reducing operating expenses.”

Year 2008 Financial Summary and Highlights

EnGlobe reported revenue of $149.2 million for the year ended December 2008, compared with
revenue of $149.1 million for the year ended December 31, 2007, an increase of $0.1 million. The
Celtic acquisition on March 25, 2008 contributed $18.8 million of additional revenue in the
Corporation’s SAR division. This increase has been offset by lower revenue from existing
operations mainly due to a reduction in revenue from the SAR United Kingdom markets and
OWM division. In 2008, the Corporation undertook a detailed review of its OWM operation that
has led to major changes in its strategy. The Corporation now concentrates its OWM operation on
contracts and activities that generate positive financial contribution and is progressively phasing
out those not reaching expectations.

Revenues for the Tank Testing and Calibration division were comparable to the same period in
2007.

Gross operating profit for the year ended December 31, 2008, was $34.1 million compared with
$43.9 million for the year ended December 31, 2007. Gross operating profit margin for the year
was 22.9% compared with 29.4% in 2007.

The reduction in gross profit is primarily attributable to the negative margin of $1.4 million for the
OWM division of the Corporation, where treatment and disposal costs increased significantly, as
well as lower margins were earned on compost sales due to a more competitive market. Further,
the value of compost also significantly decreased during 2008, and the Corporation recorded an
inventory non-cash write-down of $2.6 million. This unforeseen decrease, which was identified
and recorded in Q2, has resulted in a change of management’s estimate of the expected
realizable value of its compost. In response to this unexpected turn of events, the Corporation
has been implementing corrective actions to return OWM to a profitable business model. As part
of this initiative, starting in the third quarter of 2008, the Corporation has renegotiated certain
contracts, limited its compost sales to products that generate an acceptable contribution, and has
substantially reduced its fixed and variable staffing levels.

Adjusted EBITDA for the year ended December 31, 2008 was $5.1 million compared to $14.7
million for the year ended December 31, 2007, a decrease of $9.6 million. As mentioned above,
year over year, the acquisition of Celtic generated Adjusted EBITDA of $3.9 million while the
existing SAR operations realized lower Adjusted EBITDA mainly due to its European operations
experiencing lower revenues. All OWM activities have experienced a significant decline as
explained above. Unsatisfied with these results, the Corporation has reviewed all of its operations
and has put in place an action plan to improve profitability. As discussed above, the restructuring
plan has begun to generate improved performance for the Corporation.

For the year ended December 31, 2008, cash used in operations was $1.1 million compared with
cash used in operations of $5.9 million for the year ended December 31, 2007. Cash used in
operating activities reflected the change in non-cash working capital items that generated
$6.8 million, offset by $7.9 million derived from our net loss, less items not affecting cash and
cash equivalents. In comparison, for the year ended December 31, 2007, the cash provided by
operating activities before working capital charges was $3 million, offset by non-cash working
capital items which used $9 million.

EnGlobe Corp.'s full consolidated financial statements, notes, and Management's Discussion and
Analysis for twelve months ended December 31, 2008 are available at www.sedar.com.

Annual and Special Shareholders Meeting

EnGlobe will hold its annual and special meeting of shareholders at 8:30 a.m. ET on May 8, 2009
at 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, Canada M5L 1B9. The
Corporation’s Management will discuss results for 2008 and its outlook for 2009.
About EnGlobe Corp.

EnGlobe Corp. is a leading international integrated environmental services company specializing
in the management of contaminated soils and organic based waste streams, with an emphasis on
beneficial reuse. EnGlobe offers cost-effective solutions to municipal, commercial and industrial
clients in Canada, the northeastern United States, the United Kingdom and France through its
subsidiaries: Biogénie and Celtic Technologies Limited for site assessment and remediation, GSI
Environment Inc. for organic waste management, and Tanknology Canada Inc. for tank testing
and calibration. Shares of EnGlobe trade on the Toronto Stock Exchange under the ticker
symbol EG. Additional information is available at www.englobecorp.com.

Forward-Looking Statements

This press release contains certain forward-looking statements. Such statements relate to,
among other things, sales growth, expansion and growth of the Corporation's business, future
capital expenditures and the Corporation's business strategy. Forward-looking statements are
subject to inherent uncertainties and risks including, but not limited to: general industry and
economic conditions, changes in the Corporation's relationships with its suppliers, pricing
pressures and other competitive factors, the availability and costs of fuels and utilities, the results
of the Corporation's ongoing efforts to improve cost effectiveness, changes in regulatory
requirements affecting the Corporation's business and the availability and terms of financing.
Other Risk Factors are set out and described in the Corporation's Annual Information Form which
is available at www.sedar.com. Consequently, actual results and events may vary significantly
from those included in, contemplated by or implied by such forward-looking statements. In
evaluating forward-looking statements, readers should specifically consider the various factors
that could cause actual events or results to differ materially from such forward-looking
statements.

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Contacts:

Mario Saucier Marie-Chantal Turcotte
Investor Relations Corporate Communications
T :+1-450-929-4949, ext. 222 T:+1- 418-781-0191, ext. 5235
msaucier@englobecorp.commailto:mcturcotte@englobecorp.com
mcturcotte@englobecorp.com