Director Shareholding

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1. Name of company ITM POWER PLC 2. Name of director PETER HARGREAVES 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest 2 ABOVE 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) HARGREAVES LANSDOWN NOMINEES 5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s) N/A 6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary MARKET PURCHASE 7. Number of shares / amount of stock acquired 50,000 8. Percentage of issued class 0.05% 9. Number of shares/amount of stock disposed N/A 10. Percentage of issued class N/A 11. Class of security ORDINARY SHARES OF 5 PENCE EACH 12. Price per share 150 PENCE 13. Date of transaction 11/09/2006 & 12/09/2006 14. Date company informed 12/09/2006 15. Total holding following this notification 5,395,810* 16. Total percentage holding of issued class following this notification 5.33% 17. Any additional information *TOTAL HOLDING INCLUDES 200,000 SHARES ALREADY HELD BY MR HARGREAVES, WHICH WERE ERRONEOUSLY OMMITTED FROM THE ANNOUNCEMENT RELEASED ON 23 MAY 2006 18. Name of contact and telephone number for queries GEMMA CHANDLER / MARCUS SCOTT - 01799 532 860 19. Name and signature of authorised company official responsible for making this notification MARCUS SCOTT, CFO Date of Notification 13/09/2006

Companies

ITM Power (ITM)
UK 100

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