Listing of Ordinary Shares

16 June 2016

Intelligent Energy Holdings plc ("Intelligent Energy" or the "Company")

Listing of Ordinary Shares

Intelligent Energy, the energy technology company, announces that an application has been made for admission to (i) the Official List of the UK Financial Conduct Authority and (ii) to trading on the London Stock Exchange's main market for listed securities (collectively, "Admission") for a new issue of 16,242,792 ordinary shares of 5 pence each in the Company (the "New Ordinary Shares"), in relation to the following:

Meditor subscription

As envisaged in the circular sent to shareholders on 23 May 2016 (the "Shareholder Circular"), and following the approval of all resolutions put forward at the General Meeting held on 9 June 2016, Meditor has subscribed for 14,062,500 of the New Ordinary Shares representing half of the arrangement fee related to its underwriting of the Company's recent £30 million convertible loan note issue. The Company received the subscription funds from Meditor for the New Ordinary Shares on 13 June 2016. Further details can be found in the Shareholder Circular, a copy of which is available on the Company's website at www.intelligent-energy.com/investors, or to be downloaded from the National Storage Mechanism at www.morningstar.co.uk/NSM.

Following the issuance of all the New Ordinary Shares (and prior to the conversion of the Convertible Loan Notes), Meditor will hold 41,991,316 ordinary shares (representing 20.53 per cent of the Company's enlarged issued share capital).

Management Incentive Plan (Tranche 2)

On 7 March 2014, awards under the Company's 2013 MIP were granted to approximately 30 selected employees (the "MIP Participants") and these awards crystallised upon the Company's IPO on 9 July 2014 (the "IPO"). In line with the terms of the 2013 MIP these awards had no further related performance conditions (other than continued employment with the Group as at the relevant vesting date) and in effect therefore became contractual commitments of the Company with effect from the time of the IPO itself. Tranche 1 of the 2013 MIP awards vested immediately upon the IPO; Tranche 2 vested on the first anniversary of the IPO (9 July 2015) and Tranche 3 will vest on the third anniversary of the IPO (9 July 2016).

Further details in relation to the 2013 MIP can be found in the Company's Prospectus that was published in July 2014, as well as in the Directors' Remuneration Report sections of both the 2014 and 2015 Annual Reports (copies of which can be downloaded from the investor section of the Company's website, at www.intelligent-energy.com).

Ordinary shares in the capital of the Company had not yet been delivered to the MIP participants in relation to Tranche 2 despite the vesting date having passed, due to regulatory restrictions that were unconnected to the 2013 MIP, but which had the effect of delaying the delivery of those ordinary shares. These restrictions are now no longer in place and the Company is therefore issuing a total of 2,180,292 New Ordinary Shares in the capital of the Company to the MIP Participants in satisfaction of Tranche 2 of the MIP.

The New Ordinary Shares will be delivered to the individual MIP Participants as soon as possible following Admission.

Under the 2013 MIP, up to 2,180,292 new ordinary shares remain to be issued under Tranche 3 of the MIP, which, as noted above, will vest on 9 July 2016.

Total issued share capital

It is expected that Admission will become effective on 21 June 2016. The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue. Following the issue of these 16,242,792 New Ordinary Shares, the Company's issued share capital will be 204,568,243 ordinary shares of 5 pence each. The Company has no shares in treasury and therefore the total voting rights of the Company following Admission will be 204,568,243.

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