Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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 (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to the notification obligation: 

I.G. Investment Management, Ltd. on behalf of itself and each of the following (each of which has an individual notification obligation):

- Investors Group Inc.

- IGM Financial Inc.

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

Mellon Nominees (UK) Limited

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

January 4, 2010

6. Date on which issuer notified:

January 5, 2010

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

3%

8. Notified details:

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

2550424

2615424

3.04%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date 

Exercise/ Conversion Period 

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments 

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date 

Exercise/ Conversion period 

Number of voting rights instrument refers to

% of voting rights 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2615424

3.04%

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

The voting rights (3.04%) are held by I.G. Investment Management, Ltd., acting as manager of various mutual funds, as a result of DTR 5.2.1 R(h).

Investors Group Inc. is a 100% shareholder of I.G. Investment Management, Ltd.

IGM Financial Inc. is a 100% shareholder in Investors Group Inc.

All of the above (except I.G. Investment Management, Ltd.) have an indirect holding of 3.32% as a result of DTR 5.2.1 R(e).

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:

14. Contact name:

Brad Kirk

15. Contact telephone number:

(204) 956-8224