"Significant technical progress" at conference

28 November 2013

Ceres Power Holdings plc

("Ceres" or "Ceres Power")

"Significant technical progress" at Okinawa conference

Ceres Power presented significant technical progress of its fuel cell technology at the recent Okinawa Fuel Cell Conference in Japan. Two technical papers were published which explain the performance advances demonstrated by the low cost Ceres' Steel Cell over the past year, particularly in relation to robustness, efficiency and durability.

These papers support the internal test results Ceres has achieved, which include:

· Increase of efficiency to > 50% Gross Electrical Efficiency (LHV) at Fuel Cell Module, with ongoing work to increase this further;

· Accelerated testing of the Steel Cell technology which shows robustness to thermal cycle and repeated emergency stops (Redox) equivalent to twice the expected required design lifetime.

These findings corroborate the significant advantages of the Ceres' Steel Cell fuel cell technology over traditional solid oxide fuel cell designs. These unique characteristics of Ceres' Steel Cell fuel cells enable their widespread commercial adoption in a broader range of applications, from residential systems to higher power applications. The papers are available on Ceres Power's website: www.cerespower.com.

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About Ceres Power

Ceres Power is a leading developer of clean, efficient, cost-effective fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions and improve energy security. These products use the Company's mass manufacturable technology platform, which is based on the Company's unique patented Steel Cell fuel cell technology and operating on mains natural gas or in the future a range of other fuels. The Company is listed on the AIM market of the London Stock Exchange, and has facilities in Horsham and Crawley, UK, including a pilot-scale fuel cell manufacturing facility.

www.cerespower.com

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