Ceres Power Regulatory News (CWR)

3 May 2023

Ceres Power Holdings plc

Appointment of Karen Bomba and Caroline Brown as Non-Executive Directors

Horsham, UK:  Ceres Power Holdings plc ("Ceres", the "Company") (AIM:CWR), a global leader in fuel cell and electrochemical technology, announces the appointment of Karen Bomba and Caroline Brown as independent Non-Executive Directors with effect from 1 June 2023.

Karen Bomba

Karen has 35 years of experience in the engineering industry, most recently at Smiths Group where she was latterly President of Smiths Interconnect until 2020. Karen was instrumental in streamlining Smith Interconnect's operational structure, building the technology team to replenish the pipeline of innovation, and repositioning the company for growth internationally.

Previously, Karen spent her career in various technical and managerial roles at Hitco Carbon Composites, Zoltek Companies and at Safran Groups SA where she worked for Messier-Bugatti, was Chair and Chief Executive of Labinal Groupe and President and CEO of Morpho Detection. She is currently a Non-Executive Director of Ultra Electronics Holdings Ltd and of Wärtsilä Oyj Abp.

Karen is an American, based on the East Coast of the United States. She has a Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute, USA, and is a graduate of the Financing and Deploying Clean Energy course at the Yale School of the Environment.

Caroline Brown

Caroline is a commercially focused business leader with over 20 years of main Board experience, as an Executive and Non-Executive Director, driving strategic growth and leading high-performance teams across the financial, technology and industrial sectors.

Caroline has delivered business strategy across EMEA, the Americas, India and the Far East in commercial leadership roles for FTSE100 groups, mid-cap companies and innovative small and medium-sized enterprises. Her early career was in corporate finance with BAML (New York),

UBS and HSBC advising global corporations and governments.

Caroline is British and Irish and has qualified as an Accountant, Chartered Financial Analyst, Master of Business Administration and Chartered Director.

Warren Finegold, Chair of Ceres, commented: "We look forward to welcoming Karen and Caroline to the Ceres Board. They each possess extensive business and sector knowledge as well as experience in growing teams to support international expansion. Their skills and perspectives are highly relevant to Ceres as we mature the business and continue to scale our partnership model globally."

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Further regulatory disclosures

The following additional information is provided in accordance with Rule 17 and Schedule Two, Paragraph (g) of the AIM Rules for Companies.

Karen Bomba

Karen Maria Bomba, (age 58), is, or has during the last five years been, a director or partner of the following companies and partnerships:

Current directorships

Ultra Electronics Holdings Limited

Wärtsilä Oyj Abp

In the last 5 years

Smiths Interconnect Americas Inc

Smiths Interconnect Canada Inc

Smiths Interconnect Connectors Inc

Smiths Interconnect Group Ltd

Smith Interconnect Group (HK) Co. Ltd

Smiths Interconnect Hong Kong Co. Ltd

Smiths Detection LLC

Antares China Holdings Inc

Hypertac SPA

Reflex Photonics Corp

Caroline Brown

Caroline Ann Brown, aged 60, is or has during the last 5 years been, a director or partner of the following companies and partnerships:

Current directorships

Crown Agents Bank Limited

CAB Payment Holdings Limited

WAG Payment Solutions plc

Shoare Management Company Limited

IP Group plc

Luceco plc

The Gray's Inn Mansion Limited

In the last 5 years

Rockley Photonics Limited

Rockley Photonics Holding Limited

NAHL Group plc

Georgia Capital plc

Raspberry Pi Foundation

VISA Payments Limited (previously Earthport plc)

Hydrodec Group plc

Caroline Brown was a director of Rockley Photonics Holding Limited, a Cayman registered company, from 12 August 2021 to 12 December 2022. On 24 January 2023 the Company filed for Chapter 11 Protection with US Bankruptcy Court. On 10 March 2023 Rockley Photonics received court approval for restructuring under the Cayman restructuring officer regime.

Caroline Brown was a director of Play to Win TV Limited, a UK registered company, from 03 October 2006 to 06 June 2007. On 19 June 2007 the Company entered into a Creditors Voluntary Liquidation and was formally dissolved on 02 February 2012.

As at the date of this announcement, neither Karen Bomba nor Caroline Brown, have a beneficial interest in the ordinary shares of the Company.

There is no further information to be disclosed pursuant to Schedule Two, Paragraph (g) of the AIM Rules for Companies.

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For further information visit www.ceres.tech or contact:

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Bosch, Doosan, Shell and Weichai, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.