Ceres Power Regulatory News (CWR)

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

Ceres Power Holdings Plc

2. Reason for the notification  (Yes/no)

An acquisition or disposal of voting rights

Yes

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 obligation:

OppenheimerFunds Inc (OFI)

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

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

October 22, 2008

6. Date on which issuer notified:

October 24, 2008

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

11%

8. Notified details:

Info@cerespower.com

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights 

Number of shares 

Number of voting rights 

% of voting rights

Direct

Direct

Indirect 

Direct

Indirect

GB00B0351429

OFI

6,714,643

6,714,643

7,392,445

7,392,445

11.07%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument 

Expiration date 

Exercise/ Conversion Period/ Date 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

7,392,445

11.07%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

OppenheimerFunds, Inc. owns, as of 22/10/08, 7,392,445 shares equal to 11.07% of the shares outstanding (66,758,875).

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Massachusetts Mutual Life Insurance Company is the parent company of OppenheimerFunds, Inc 

14. Contact name:

Jennifer Ryan, Compliance Consultant

Massachusetts Mutual Life Insurance Company  

15. Contact telephone number:

413-744-6618