Appointment of Nominated Adviser

17 March 2010

AFC Energy plc

("AFC Energy" or the "Company")

Appointment of Nominated Adviser

AFC Energy plc, the developer of low cost alkaline fuel cells, is pleased to announce the appointment of Allenby Capital Limited as nominated adviser to the Company with immediate effect.

For further information please contact:

AFC Energy plc Tel: 01483 276 726 Tim Yeo, Chairman

Ian Balchin, Chief Executive Officer

Allenby Capital Limited Tel: 020 3328 5656

Brian Stockbridge

Alex Davies

Madano Partnership Tel: 020 7593 4000

Matthew Moth

Michael Evans