Directorate Change

Ceres Power Holdings plc
01 September 2006

                            Ceres Power Holdings plc
                    ('Ceres', 'Ceres Power' or the 'Company')
                                        
                        Ceres appoints Finance Director

Ceres Power, the AIM-quoted fuel cell group, is pleased to announce the
appointment of Rex Vevers to its Board as Finance Director with immediate
effect. He brings a wealth of deal making and operational expertise in sectors
that have included high technology, engineering, manufacturing and FMCG.

Gaining his ACA qualification through Arthur Andersen during the 1980s, Rex then
pursued an industrial career in companies that include the metals giant
Pechiney, gaining significant experience in M&A, risk management, treasury,
venture capital and IT.

In addition to demonstrating accounting excellence in Divisional and Group
Finance Director roles, Rex has also concluded complex international deals in
Asia and Europe, responsible for key areas including taxation, financing, legal
and accounting.

Philip Holbeche, Chairman of Ceres Power, commented:

'We are delighted to welcome Rex into the Ceres team and are looking forward to
working with him to help drive the next growth phase of the business. He brings
an impressive set of skills and experience that complements our board's existing
strengths.'

Rex Vevers, Finance Director, commented:

'I am excited about this opportunity to join such a dynamic, entrepreneurial
business. Ceres is well positioned to capitalise on its technology leadership in
the alternative energy sector, with initial channels to market in place and
potentially lucrative deals on the horizon.'


For further information contact:

Peter Bance, Chief Executive, Ceres Power            [phone]

Patrick d'Ancona / Charlotte Kirkham                 [phone]
M: Communications


Information required pursuant to Schedule 2 (g) of the AIM Rules:

Rawdon Quentin Vevers, aged 48, has no other current directorships and has
options over 275,000 shares in the Company.

Other directorships held in last five years (no longer held):

Blade Farming Limited
Don Pickering Limited
Dove Valley (Ashbourne) Limited
Dove Valley Poultry Limited
Dove Valley Farms Limited
DV Holdings Limited
GANDS (UK)
L&O Investments UK
MPP Holdings Limited
OSI International Foods Limited
OSI International Holdings Limited
NPJ Limited
Penasul (UK) Limited
Trace Assured Limited

There is no other information required to be disclosed pursuant to Schedule 2
(g) of the AIM Rules.

                                    - ends -


About Ceres Power

Ceres is a successful AIM-listed fuel cell business developing a range of global 
market applications including residential combined heat and power, on-site / 
back-up generators and auxiliary power units for transport.  Critically, the 
technology uses low cost materials and existing mass-production techniques.  
And unlike many fuel cells, the Ceres cell can run on widely available fuels 
like natural gas, LPG and biofuels as well as on hydrogen.

Since its formation in 2001, the Company has received major recognition for its 
technology and business credentials.

Ceres won the prestigious 2003 Carbon Trust Innovation Award for the UK's green 
technology with the best commercial potential.

More recently, Ceres secured a top industrial accolade by winning the Institute 
of Materials, Minerals and Mining's Gold Medal for 2005.

In January 2006, Ceres Power was selected as the only fuel cell company in the 
government's new Energy Research Partnership, contributing directly to national 
energy policy.

Ceres Power has raised over £25 million of funding through two rounds of private 
equity and its AIM IPO in November 2004.  The company enjoys the support of many 
blue chip City institutions as financial backers including Fidelity, Morley and 
JP Morgan.


About Ceres Power's Technology

Ceres fuel cell stacks are comprised of multiple fuel cells layered on top of 
one another, each made from stainless steel with tiny amounts of ceramic 
coating.  The cells combine fuel and air to create electricity and heat via a 
quiet, solid state electrochemical process similar to a battery.  As this 
process does not involve combustion, unlike an engine or burner, it is highly 
efficient and environmentally friendly.

Ceres has developed a unique adaptation of Solid Oxide Fuel Cell (SOFC) 
technology, able to operate at temperatures substantially lower than 
conventional designs which run at 800 - 1000 degrees C.  By using a new 
generation of ceramic materials known as CGO (cerium gadolinium oxide) instead 
of the industry standard YSZ (yttria stabilised zirconia), operation at 500 - 
600 degrees becomes possible.  This in turn allows use of conventional stainless 
steel as the cell substrate, separating the functions of mechanical support from 
electrochemistry.

The electrochemical layers can then be made extremely thin and optimised for 
maximum performance, resulting in world-beating power density levels, whilst the 
stack material costs are radically reduced. The efficiency of converting fuel 
into electricity and heat is therefore very high and this efficiency is 
maintained across a wide part-load range. In addition, the heat-to-power ratio 
is approximately one-to-one making the technology ideal for applications such as 
CHP, where levels of electrical output need to be maintained even where heat 
demand is modest.

In contrast to totally ceramic cells, these metal-supported cells are 
mechanically highly robust and can be easily sealed (e.g. through welding) and 
have thermal expansion coefficients well matched to their ceramic coatings.  
This allows great resistance to thermal shock, permitting rapid start-up times 
and the potential for thousands of ON / OFF cycles for everyday usability.  In 
addition, the technology retains the fuel flexibility of SOFC, and has proven 
ability to run highly efficiently on commercially available fuels such as 
natural gas, LPG and biofuels.

In conjunction with the Ceres Stack programme, the Company has been developing 
the non fuel cell elements within the complete product, known as the balance of 
plant ('BOP'), as part of its systems integration activities aimed at delivering 
products for specific customers.  Because of the unique attributes of the 
technology, Ceres Power has been able to dramatically reduce the time and cost 
of BOP development and systems integration by utilising mature component supply
chains and ordinary, low cost materials. Unlike other fuel cell designs which 
operate at more extreme temperatures, time-consuming and expensive bespoke 
solutions for BOP components are not required.




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