Admission to trading

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

9 July 2014

Intelligent Energy Holdings plc

Admission to trading on the London Stock Exchange

Further to its announcement on 4 July 2014, Intelligent Energy Holdings plc is pleased to announce that its entire ordinary share capital of 188,031,599 shares has today been admitted to the standard listing segment of the Official List of the UK Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker symbol IEH.

Enquiries:

Intelligent Energy Holdings plc 01509 271271

Dr. Henri Winand, Chief Executive Officer

John Maguire, Chief Financial Officer

Barclays Bank PLC 020 7773 2500

Syndicate: Chris Madderson

IBD Industrials: Carsten Beck

Canaccord Genuity Limited 020 7523 8000

Corporate Broking: Simon Bridges / Richard Royden / Cameron Duncan

ECM: Piers Coombs / Tim Redfern

Parva Capital Limited 07980 611723

Andrew Davidson

Rothschild 020 7280 5000

Jonathan Finn

Powerscourt 020 7250 1446

Giles Sanderson / Matthew Fletcher / Rob Greening

Important notice

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, directly or indirectly, securities to any person in Australia, Japan, Canada, South Africa or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan, South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan or South Africa. The offer and sale of the securities referred to herein has not been and will not be registered under the applicable securities laws of Australia, Canada, Japan or South Africa.

No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness. Without limitation, results can be positively or negatively affected by market conditions beyond the control of the Company which may be different in many respects from those that prevail at present or in the future. Past performance is not a reliable indicator of, and cannot be relied upon as a guide to, the future performance of the Company. Acquiring investments to which this announcement relates may expose an investor to significant risk of losing all of the amount invested. Persons considering making such an investment should consult an authorised person specialising in advising on such investments. This announcement does not constitute a recommendation concerning the initial public offering and prospective investors should note that the value of Shares can decrease as well as increase. Potential investors should consult a professional adviser as to the suitability of the initial public offering for the person concerned.

This announcement is only addressed to and directed at persons in member states of the European Economic Area ("EEA") who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC), as amended ("Qualified Investors"). Any investment or investment activity to which this announcement relates is available in the EEA only to Qualified Investors in any member state of the EEA and will be engaged in only with such persons. Other persons should not rely or act upon this announcement or any of its contents.

Barclays and Canaccord have been appointed as Joint Global Co-ordinators and Joint Bookrunners in connection with admission of the Company's ordinary shares ("Shares") to the standard listing segment of the Official List of the UK Financial Conduct Authority (the "FCA") and to trading on the Main Market for listed securities of London Stock Exchange plc and the initial public offering (the "Offer") and Parva Capital Limited ("Parva Capital") has been appointed as Co-Lead Manager to the Offer. Barclays, Canaccord and Parva Capital are, together, the "Managers". NM Rothschild & Sons Limited ("Rothschild") has been appointed as Financial Adviser to the Company in connection with the Offer. Barclays and Rothschild, each of which is authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and regulated in the United Kingdom by the Financial Conduct Authority ("FCA") and the PRA, Canaccord, which is authorised and regulated solely by the FCA in the United Kingdom, and Parva Capital, which is an appointed representative of Hanson Asset Management Limited which is authorised and regulated solely by the FCA in the United Kingdom, are acting exclusively for the Company and no one else in connection with the Offer and will not regard any other person as a client in relation to the Offer and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients nor for giving advice in relation to the Offer or any transaction or arrangement referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on the Managers and Rothschild by the Financial Services and Markets Act 2000 or the regulatory regime established thereunder, none of the Managers or Rothschild accepts any responsibility whatsoever, and makes no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, completeness or for any other statement made or purported to be made by it or on behalf of it, the Company, the Directors or any other person, in connection with the Company and its subsidiaries or associated companies, the Shares or the Offer and nothing in this announcement shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Each of the Managers and Rothschild accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of this announcement or any such statement.

In connection with the Offer, each of the Managers and any of their respective affiliates, acting as an investor for its or their own account(s), may acquire Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for its or their own account(s) in Shares and other securities of the Company or related investments in connection with the Offer or otherwise. Accordingly, references in this announcement to the Shares being offered, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, dealing or placing by, each of the Managers and any of their respective affiliates acting as an investor for its or their own account(s). None of the Managers intends to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. In addition, each of the Managers and any of their affiliates may enter into financing arrangements (including swaps) with investors in connection with which Barclays and Canaccord (or their affiliates) may from time to time acquire, hold or dispose of Shares.