Change of Broker

AFC Energy Plc
17 August 2007


                 AFC Energy plc ('AFC Energy' or the 'Company')

                                Change of Broker


The Board of AFC Energy plc, the low cost alkaline fuel cell company, is pleased
to announce that Blue Oar Securities plc has been appointed as Broker to the
Company. Nabarro Wells will continue to act as Nominated Adviser to the Company.

Gerard Sauer, Chief Executive of AFC Energy plc said:

'AFC Energy has a clear strategy to achieve the commercialisation of its low
cost fuel cells. Blue Oar has an impressive team and by combining our efforts
with Blue Oar's own expertise we look forward to building on the progress we
have already made.'

Nick Redfern, Head of Equities at Blue Oar Securities plc said:

'Blue Oar Securities is delighted to have been chosen to work with AFC Energy.
In our opinion, AFC Energy is a company with both viable products and a
potential earnings stream that has placed it at the very forefront of this fast
growing industry.'

                                    - Ends -


For further information please visit www.afcenergy.com or contact:


AFC Energy plc                                            01483 276 726
Gerard Sauer, Chief Executive

Blue Oar Securities - Broker                              020 7448 4400
Shane Gallwey

Nabarro Wells & Co. Limited - Nominated Adviser           020 7710 7400
Richard Swindells / Anthony Rowland

Madano Partnership                                        020 7593 4000
Mark Way



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