Itm Power Regulatory News (ITM)

4 May 2016

ITM Power plc

("ITM Power" or the "Company")

Marketing Update:

Opening of five UK Hydrogen refuelling stations by year end

Record visitors to ITM Power at the best-ever attended Hannover Fair

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce a marketing and communications update, ahead of its roll-out of five hydrogen refuelling stations in the UK. The first station will be launched in collaboration with Toyota, Hyundai, Honda and Symbio FCell to raise market awareness of hydrogen fuel and the availability for lease and sale of fuel cell electric vehicles in the UK. In addition, it reports on a highly successful Hannover Messe, and forthcoming events in UK, Spain, France and USA.

Refuelling Station Commissioning & Openings

On 10 May, ITM Power will open its first London hydrogen refuelling station. It will be located at the National Physical Laboratory in Teddington close to the A316 and A308 trunk roads and be open to the public. This will be the first of three UK stations to be deployed within the HyFive project which is part funded by the European Fuel Cell and Hydrogen Joint Undertaking (FCH JU) and the UK's Office for Low Emission vehicles (OLEV). Commissioning teams from ITM Power and Linde have been working closely together over the last few weeks, the station having recently completed its first 700 bar test refuels. This close cooperation will continue as the Company moves on to commission and open a further four electrolyser based refuelling stations in and around London before the end of 2016.

At the same event, Symbio FCell will launch the first of their 700 bar hydrogen fuel cell range extender Kangoo vans. This exciting development sees the introduction of ultra - low emission commercial vans that can operate up to a range of 275 miles. This addresses the critical need for clean emission deliveries and logistics services undertaking operations within London's Low Emission Zone. Together with its partners, ITM Power will offer the integrated package of zero emission commercial vehicles, on-site fuel and after-sales support for UK commercial fleet operators.

The second HyFive station will be located at the Centre of Engineering and Manufacturing Excellence situated on the A13 in Rainham, close to both Canary Wharf and the M25. The third HyFive station will be located on a Shell forecourt, the site having already received planning permission. Both stations will be open to the public in summer 2016.

A further two hydrogen refuelling stations will be opened in 2016 under a different scheme, Hydrogen Mobility Europe (H2ME) which is also part funded by the FCH JU and OLEV. Planning permission for two prospective H2ME sites has already been granted. To date ITM Power has had 16 UK hydrogen refuelling station planning applications approved from 10 different local authorities.

Hannover Messe from 25 to 29 April 2016

This year's Hannover Messe attracted a record attendance of over 190,000 visitors including some 5,000 from the USA and 6,000 visitors coming from China. U.S. President Obama had three ministers in his delegation. Five of the most important EU Commissioners were at the event, including Vice-President of Energy, Maros Sefcovic, who visited ITM Power's stand and met with Dr Cooley to discuss Power-to-Gas, Energy Storage in Europe.

This year the Company exhibited a complete 0.3MW HGas180 electrolyser system and a 1.5 MW stack module. The stand attracted the highest level of interest in the Company's 6th year of attendance, resulting in a large number of expressions of interest which the Company will follow up and convert into quotations. In particular, ITM Power's MW scale Power-to-Gas products attracted a significantly higher level of interest. ITM Power also gave a number of presentations, had displays in the Integrated Energy Plaza and in the Research and Technology hall, directing visitors to the Company's main stand.

Having been nominated for the prestigious Hermes Award, often referred to as the "Oscars of Industry" in Germany, the Company's HGas product was placed in the top five. This was recognized at the opening ceremony that was attended by U.S. President Obama and German Chancellor Merkel, and the Company was awarded with a certificate by the German Federal Minister for Education and Research, Dr Johanna Wanka on the first day of the exhibition.

Other Important Exhibitions

ITM Power will be continuing its marketing programme by participation at the following key events:

· Exhibiting and presenting at the World Hydrogen Energy Conference in Zaragoza, Spain from June 13 - 16

· Exhibiting and presenting at All-Energy, in Glasgow from May 4 - 5

· Attend the Spring Summit at ACT Expo in Long Beach CA May 2 - 5

· Presenting at The Annual General Meeting of the Hessen Agentur's H2&FC Initiative (attending as an active board member)

· Presenting atthe dena-Strategieplattform Power to Gas Workshop, Berlin in May

· Presenting at "Rethink Methane" in Sacramento and "Large scale energy storage towards the 100% renewable mandate" in Hawaii. June 29-30

· Presenting at "Hydrogen in territories" in Grenoble June 29 - 30

· Presenting at DLR Lampoldshausen (German Aerospace Centre) in Baden Württemberg on July 7

This builds on recent activity in the USA, Germany and France:

· Attendance at the Annual Energy Storage Association Conference, the California Energy Commission workshop "Light Duty Vehicle Hydrogen Refuelling Infrastructure" in Sacramento

· Attendance at the Energy Lunch in Jefferson County WA April 21

· Attendance the "Hydrogen Energy in Texas Summit" held on Earth Day in Dallas Texas

· Presenting "Commissioning and Operational Experience of ITM's German P2G plants" to closed workshop of several German Stadtwerke at Gütersloh, North Rhine Westphalia

· Exhibited at The 5th World of Energy Storage conference and trade fair - Düsseldorf

· Presentation at 16th Global energy village 2016, in Salzburg, Austria

· Presented at the Hyvolution exhibition and conference in Paris

ITM Power CEO, Dr. Graham Cooley, said: "The opening of five public access hydrogen refuelling stations in London before the end of 2016 is a big task. It represents the culmination of several years of diligent work and allows the Company to demonstrate its ability to deliver large and complex projects. Combined with our well targeted marketing and rapidly developing sales pipeline, I believe the Company is in a very exciting stage of growth and I look forward to updating the market on further developments as appropriate."

For further information please visit www.itm-power.com or contact:

About ITM Power plc

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The company received £4.9m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has £13.80m of projects under contract and a further £6.28m of contracts in the final stages of negotiation constituting a total pipeline of £20.07m (subject to exchange rate variation).

www.itm-power.com

About HyFIVE

Hydrogen For Innovative Vehicles (HyFIVE) is an ambitious European project including 15 partners who will deploy 185 fuel cell electric vehicles (FCEVs) from BMW, Daimler, Honda, Hyundai and Toyota. To serve these vehicles, the project will create clusters of refuelling station networks in three parts of Europe, where six new stations (Danish Hydrogen Fuel, ITM Power and OMV) will be deployed linking them with 12 existing stations.

http://www.hyfive.eu/

About H2ME

The H2ME project brings together Europe's four most ambitious initiatives on hydrogen mobility in Germany, France, Scandinavia and the UK and will deploy 200 FCEV from Daimler and Hyundai and 125 Range extender vans and 28 new HRS.

http://h2me.eu/

About FCH JU

The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a unique public private partnership supporting research, technological development and demonstration activities in fuel cell and hydrogen energy technologies in Europe. Its aim is to accelerate the market introduction of these technologies, realising their potential as an instrument in achieving a carbon-lean energy system. The three members of the FCH JU are the European Commission, fuel cell and hydrogen industries represented by the NEW Industry Grouping and the research community represented by Research Grouping N.ERGHY

About OLEV

The HRS Infrastructure Grants Scheme was launched on the 2nd February 2015 by the Office for Low Emission Vehicles (OLEV) to support roll out of hydrogen infrastructure networks in the UK with the specific aim of encouraging the introduction of Hydrogen Fuel Cell Electric Vehicles (FCEVs). The HRS Infrastructure Grants Scheme will provided grant funding for selected infrastructure projects seeding development of hydrogen for road transport in the UK.

About Hannover Messe 2016

The world's leading trade fair for industrial technology ran from 25 to 29 April 2016 in Hannover, Germany. HANNOVER MESSE 2016 featured five parallel shows: Industrial Automation, Energy, Digital Factory, Industrial Supply and Research & Technology. Major emphasis was placed on the following topics: Industry Automation & IT, Energy & Environmental Engineering, Innovative Subcontracting Solutions, and Research & Development. The United States of America was honored as the Partner Country of HANNOVER MESSE 2016.

www.hannovermesse.de/home

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