Ceres Power : Result of General Meeting and Directors' Interests

29 July 2014

Ceres Power Holdings PLC

("Ceres", the "Group" or the "Company")

Result of General Meeting and Directors' Interests

Ceres Power Holdings plc is pleased to announce that at the General Meeting of the Group held earlier today, all resolutions were duly passed.

Accordingly, the conditional Placing, first announced on 11 July 2014, is now unconditional in all respects save for the admission to trading on AIM of the 235,705,868 Placing Shares. 

Application has been made to AIM for the admission of the Placing Shares and it is expected that Admission will become effective on 30 July 2014 and that dealings will commence at 8.00 a.m. on 30 July 2014.

Following Admission, the Group will have 772,537,841 Ordinary Shares, with one voting right each, in issue. The Group does not hold any shares in treasury. Accordingly, the figure of 772,537,841 Ordinary Shares may be used by shareholders in the Group as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Group under the Financial Services Authority's Disclosure and Transparency Rules.

Directors' Interests

Following Admission, the Directors' interest in the Ordinary Shares of the Group will be as follows:

1 Alan Aubrey and Robert Trezona are appointees of IP2IPO Limited who have an interest in 179,558,822 ordinary shares, representing approximately 23.2% of the Company's issued share capital.

This announcement should be read in conjunction with the full text of the circular posted to Shareholders on 11 July 2014, copies of which are available on the Company's website at www.cerespower.com. Unless stated otherwise, capitalised terms in this announcement have the same meaning as given in the circular.

Enquiries:

Notes to editors:

Ceres Power (www.cerespower.com) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security.  The Ceres unique patented Steel Cell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.