Lb-Shell PLC Regulatory News (LBP)

INTELLIGENT ENERGY TO LEAD CONSORTIUM TO DEVELOP ZERO-EMISSION COMMERCIAL FLEET VEHICLE

Intelligent Energy, the energy technology company, is pleased to announce that it is leading a UK industry consortium to develop a new class of zero-emission, light commercial vehicle.

Highlights

· Intelligent Energy will lead the consortium alongside partners including British Gas, DHL, Frost EV, Millbrook and CENEX.

· Project to develop validated systems ready for volume manufacture

· Three year project to cost £12.7m, partly funded by a £6.3m grant from the Advanced Propulsion Centre

By integrating Intelligent Energy's industry leading fuel cell technology into battery electric vehicles, the consortium aims to allow the production of low carbon Light Commercial Vehicles with significantly improved range and rapid refuelling.

This project is a continuation of the Motive Division's development of low carbon Light Commercial Vehicles following the launch of zero emission London taxis in 2012 (http://www.intelligent-energy.com/automotive/case-studies/london-taxi-company).

Managing Director of Intelligent Energy's Motive Division, James Batchelor, said:

"The calibre of partners underlines the level of confidence in the advantages of and commercial opportunities for fuel cell solutions for electric vehicle application. Ever tightening legislation to decarbonise road transport and the accelerating roll out of hydrogen refuelling infrastructure, provide a real commercial imperative for the widespread adoption of hydrogen fuel cell technology."

Jon Beasley, Director of Technology and Projects from the Advanced Propulsion Centre, located at the University of Warwick, said:

"Our aim is to position the UK as a global centre for low carbon propulsion systems development and production. This consortium of British companies is helping the APC to deliver its aim with this innovative project that uses hydrogen fuel cell technologies. It has the potential to deliver a viable zero-emission vehicle for fleet operators around the world."

Enquiries:

Sarah Wojcik, Intelligent Energy +44 (0) 1509 271 271

Victoria Huxster/ Matt Low, Tulchan +44 (0) 207 353 4200

Notes to Editors

Intelligent Energy Holdings plc is an energy technology group which develops efficient and clean hydrogen fuel cell power systems for the global automotive, consumer electronics, distributed power and generation markets - from powering zero-emission vehicles to compact energy packs for mobile devices and stationary power units for the always-on infrastructure.

Working with international companies, Intelligent Energy aims to embed its technology in mass market applications to solve the challenges of continuous power and productivity, by creating everyday energy solutions to power people's lives. The Group's intellectual property and expertise is based around proprietary fuel cell technologies, which are the product of over 25 years of research and development. Its patent portfolio includes more than 400 patents granted (and over 600 patents pending) across more than 300 patent families. The Group also maintains a significant body of confidential know-how and trade secrets.

With its principal facility and headquarters in Loughborough, UK, the company also has operations in India, Japan and Singapore, a commercial office in Silicon Valley, USA, and development facilities collocated with NASA operations in Florida, USA. Intelligent Energy Holdings plc is listed on the London Stock Exchange (LSE: IEH).

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