Annual Report

26 September 2014

Ceramic Fuel Cells Limited

2014 Annual Report, including FY 2014 Accounts

Ceramic Fuel Cells Limited (AIM / ASX: CFU) a leading developer of small generators that use fuel cell technology to convert natural gas into electricity and heat for homes and other buildings, has released its 2014 Annual Report, including audited statutory accounts and Directors' Report for the year ended 30 June 2014.

The documents are available at the Company's website: www.cfcl.com.au.

The audited financial results as at 30 June 2014 are the same as the preliminary results released to the market on 19 August 2014.

A notice of the 2014 Annual General Meeting will be sent to shareholders in the coming weeks.

For further information please contact:

Ceramic Fuel Cells Limited

Bob Kennett (UK) Tel: +44 (0) 7764 200 661

Email: [email protected]

Clifford Ashby (Australia) Tel: +61 (0) 3 9554 2300

Email: [email protected]

Arden Partners Plc (AIM Nomad)

Steve Douglas Tel: +44 (0) 121 423 8900

Katelin Kennish

About Ceramic Fuel Cells Limited:

Ceramic Fuel Cells Limited is a world leader in developing fuel cell technology to generate highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells Limited has sold its BlueGEN gas-to-electricity generator to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia and the USA. Ceramic Fuel Cells Limited is also developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom and EWE in Germany. The company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).

www.cfcl.com.au