Azure Dynamics Announces Issuance of Deferred Share Units

• SEE ALSO: EV-Motoring.Com
• SEE ALSO: Plug-in 2008 Exclusive Coverage
• SEE ALSO: Plug-in Buyers Guide
• SEE ALSO:350 Electric Vehicle Stories and Video

OAK PARK, Michigan, September 25, 2008 - Azure Dynamics Corporation (TSX: AZD, LSE: ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of hybrid electric and electric powertrains for commercial vehicles has granted 239,120 Deferred Share Units ("DSUs") to Director, Scott T. Harrison as of September 23, 2008.

Mr. Harrison has agreed to accept DSUs in respect to payments due under his employment agreement in lieu of cash. The DSUs are issued pursuant to the Company's Deferred Share Unit Plan. Information on the Company's Deferred Share Unit Plan can be found in the Management Information Circular filed on May 22, 2008 in the SEDAR filing system at http://www.sedar.com.