Holding(s) in Company

Ceres Power Holdings plc
24 January 2008


TR-1:               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing          Ceres Power Holdings Plc
shares to which voting rights are attached:

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                       Y
An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):


3. Full name of person(s) subject to the notification                        Morgan Stanley
obligation:                                                        (Institutional Securities Group and
                                                                        Global Wealth Management)


4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction (and date on which the threshold is                  22/01/08
crossed or reached if different):

6. Date on which issuer notified:                                               24/01/08

7. Threshold(s) that is/are crossed or reached:                                  3%

8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to the Resulting situation after the triggering transaction
shares             Triggering transaction

 if possible using
the ISIN CODE      Number of    Number of    Number of    Number of voting rights   % of voting rights
                   Shares       Voting       shares
                                Rights
                                             Direct       Direct       Indirect     Direct       Indirect

Ordinary Shares    Below 3%     Below 3%     1,807,750    1,807,750                 3.01%
GB000B0351429


B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights
1,807,750                                          3.01%












9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:
Morgan Stanley Securities Limited          1,807,750        3.01%


Proxy Voting:
10. Name of the proxy holder:                                           N/A
11. Number of voting rights proxy holder will cease to hold:            N/A
12. Date on which proxy holder will cease to hold voting rights:       N/A


13. Additional information:
14. Contact name:                                 Julia Holden
15. Contact telephone number:                    020 7677 5468


Annex Notification Of Major Interests In Shares

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)             Morgan Stanley

Contact address (registered office for legal entities)     1585 Broadway
                                                           New York, NY 10036

Phone number                                                    [phone]

Other useful information (at least legal representative
for legal persons)



B:        Identity of the notifier, if applicable

Full name                                                       Julia Holden

Contact address                                                 20 Cabot Square
                                                               Canary Wharf
                                                                London, E14 4QW

Phone number                                                    020 7677 5468

Other useful information (e.g. functional relationship
with the person or legal entity subject to the
notification obligation)



C:        Additional information





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