Admission of Shares

25 March 2014

Ceramic Fuel Cells Limited

("CFCL" or the "Company")

Admission of Shares

Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer of generators that use fuel-cell technology to convert natural gas into electricity and heat for homes and other buildings, announces that following yesterday's announcement, application has been made for the admission of 19,800,000 ordinary shares of no par value in the Company ("Ordinary Shares") to trading on AIM ("Admission") as agreed under the terms of the Share Purchase and Convertible Security Agreement (the "Agreement") with Bergen Global Opportunity Fund, LP (the "Investor"), the full details of which can be found in the announcement released yesterday, 24 March 2014.

It is expected that Admission will become effective and trading in the new Ordinary Shares will commence on AIM at 8.00 a.m. on Friday 28 March 2014.

The new Ordinary Shares will represent approximately 1.12 per cent. of the enlarged share capital of the Company immediately after Admission and will, when issued, rank pari passu in all respects with the other Ordinary Shares then in issue.

Following Admission, the number of Ordinary Shares with voting rights in the Company will be 1,771,524,324. This figure may be used by shareholders following Admission 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, their shareholding in the Company.