RNS Number : 7338DCeres Power Holdings plc23 June 2023

Ceres Power Holdings plc

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BG5KQW09

Issuer Name

CERES POWER HOLDINGS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

BNP Paribas Asset Management UK Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

20-Jun-2023

6. Date on which Issuer notified

22-Jun-2023

7. Total positions of person(s) subject to the notification obligation

.

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

5.053700

0.000000

5.053700

9738072

Position of previous notification (if applicable)

4.007600

0.000000

4.007600

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BG5KQW09

9738072

5.053700

Sub Total 8.A

9738072

5.053700%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

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

Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A.

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

This notification has been submitted to inform you of an acquisition of voting rights. The current holdings is 5.0537%, with the following percentage detail of total voting rights under BNP PARIBAS ASSET MANAGEMENT Holding S.A.:

BNP PARIBAS ASSET MANAGEMENT UK Limited 5.0537%

BNP PARIBAS ASSET MANAGEMENT UK, Limited is exercising 5.0537% for BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. with legal personalities

12. Date of Completion

22-Jun-2023

13. Place Of Completion

London

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

Ceres Power Holdings plc

Marianne Millard, Deputy Company Secretary

Tel: +44(0)7752 470 802

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.

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