Holding(s) in Company

27 October 2005 ITM Power plc Holding in Company NOTIFICATIONS UNDER SECTIONS 198 TO 202 - - U.K. COMPANIES ACT 1. Company in which shares are held: ITM Power plc 2. Notifiable Interest: Ordinary Shares of 5p each (A) FMR Corp. 82 Devonshire Street Boston, MA 02109 Parent holding company of Fidelity Management & Research Company (FMRCO), investment manager for US mutual funds, and Fidelity Management Trust Company (FMTC), a US state chartered bank which acts as a trustee or investment manager of various pension and trust accounts. (See Schedule A for listing of Registered Shareholders and their holdings). (B) Fidelity International Limited (FIL) P.O. Box HM 670 Hamilton HMCX, Bermuda Parent holding company for various direct and indirect subsidiaries, including Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST), Fidelity Investments Advisory (Korea) Limited (FIA(K)L), Fidelity Investments Management (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM), Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII), investment managers for various non-US investment companies and institutional clients. 3. The notifiable interests also comprise the notifiable interest of: Mr. Edward C. Johnson 3d 82 Devonshire Street Boston, MA 02109 A principal shareholder of FMR Corp. and Fidelity International Limited. 4. The notifiable interests include interest held on behalf of authorised unit trust schemes in the U.K., notwithstanding the exemption from reporting pursuant to Section 209 (1)(h) of the Companies Act 1985. 5. These notifications of discloseable interests constitute separate notifications of interest in the shares and are combined solely for the purposes of clarity and efficiency. Nothing herein should be taken to indicate that FMR Corp. and its direct and indirect subsidiaries, Fidelity International Limited and its direct and indirect subsidiaries or Mr. Edward C. Johnson 3d act as a group or in concert in respect of the disclosed interests, or that they are required to submit these notifications on a joint basis. 6. The discloseable interests arise under section 208 (4)(b) of the Act, namely where a person, not being the registered holder, is entitled to exercise a right conferred by the holding of the shares or to control the exercise of such rights, or under section 203 of the Act respectively. Schedule A Security: ITM Power plc Shares Held Management Nominee/Registered Name Company 231,100 FPM BANK OF NEW YORK BRUSSELS 132,500 FPM MELLON BANK 89,800 FPM STATE STREET BANK & TRUST CO LDN 59,900 FPM NORTHERN TRUST LONDON 52,000 FPM CLYDESDALE BANK PLC 4,021,200 FMRCO MELLON BANK N.A. 706,710 FISL JP MORGAN, BOURNEMOUTH 1,179,300 FIL BROWN BROS HARRIMAN LTD LUX Total Ordinary Shares held: 6,472,510 Total Shares in issue: 91,893,250 Current ownership percentage: 7.04% Change in holding since last filing: +1,425,000 Date company notified: 10 October 2005

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ITM Power (ITM)
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