Appointment of Trine Borum Bojsen as a NED

14 March 2022

Ceres Power Holdings plc

Appointment of Trine Borum Bojsen as a Non-executive Director

Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (AIM:CWR), a global leader in fuel cell and electrochemical technology, announces the appointment of Trine Borum Bojsen, as an independent Non-executive Director effective from 15 March 2022.

Trine brings over 25 years of experience in the renewable energy space, most recently as Chief Operating Officer of Copenhagen Offshore Partners, a leading provider of project development, construction management, and operational management services to offshore wind projects worldwide. Trine is shortly due to join Equinor as Senior Vice President of North Sea Renewables.

Previously, Trine held senior management roles at Ørsted, including as a key member of the business transformation team, bringing technological innovation and strategic thinking to its evolution from DONG Energy. She also served on several Ørsted boards and key committees, including its working environment committee and sustainability committee.

Trine has worked globally across Europe, the US, Taiwan, Korea and Australia. She brings strength in market knowledge, technical expertise and experience of building stakeholder relationships critical to successful growth strategies.

Trine started her career at SWECO, delivering large-scale international infrastructure projects within ports, marine engineering and offshore wind engineering consulting. She has an M.Sc in Engineering from the Technical University of Denmark and an Executive Board Certificate from Copenhagen Business School.

Warren Finegold, Chairman of Ceres Power Holdings plc, commented: "We are delighted to welcome Trine to the Board. Her technical and management skills in delivering complex global projects are highly complementary to our existing team and we welcome her strategic thinking and fresh perspective as we expand the horizon for Ceres over the coming months and years."

Trine said of her appointment: "Ceres has a truly fascinating technology - and I am excited to be working with the Board and the management team to capitalise on its many applications to support the energy transition agenda. I look forward to contributing my experience and knowledge, built up over many years of delivering global projects, to the next stage of the Company's growth."

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For further information visit www.ceres.tech or contact:

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

Further regulatory disclosures

The following additional information is provided in accordance with Rule 17 and Schedule Two Paragraph (g) of the AIM Rules.

Trine Borum Bojsen (age 53), is or has during the last five years been, a director or partner of the following companies and partnerships: