RNS Number : 8200UCeres Power Holdings plc30 March 2023

30 March 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Notifications of transactions by Persons Discharging Managerial Responsibilities

(together 'PDMRs') and Persons Closely Associated (together 'PCAs')

The Company was notified on 30 March 2023 that Marie-Claire Lakin, a PCA of Eric Lakin, a PDMR of the Company, acquired 6,187 ordinary shares of 10 pence each ('Shares') in the Company on 30 March 2023 at a price of 323.0185 pence per share.

The notification of dealing form can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

Notification of dealing form

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Marie-Claire Lakin

2

Reason for the notification

a)

Position/Status

Person Closely Associated with Eric Lakin, CFO

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ceres Power Holdings plc

b)

LEI

213800N7AAHSXQUOA733

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and; (iv) each place where transaction have been conducted

a)

Description of the financial instrument,

type of instrument Identification code

Ordinary Shares of 10 pence each

ISIN:GB00BG5KQW09

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume (s)

Price(s)

Volume(s)

323.0185p

6,187

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

323.0185p

6,187

£19,985.15

e)

Date of the transaction

30 March 2023

f)

Place of the transaction

AIM

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

Ceres Power Holdings plc

Marianne Millard (Deputy Company Secretary)

Tel: +44 (0)7752 470802

Investec Bank PLC (NOMAD & Joint Broker)

James Rudd/ Patrick Robb/ Ben Griffiths

Tel: +44 (0)207 597 5970

Berenberg (Joint Broker)

Ben Wright/ Mark Whitmore

Tel: +44 (0)203 207 7800

FTI Consulting (PR Adviser)

Dwight Burden

Tel: +44 (0)203 727 1000

Email:[email protected]

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 Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. ENDDSHJMMTTMTTJBAJ

==