4 October 2012
For immediate release
Not for release, publication or distribution, directly or indirectly, in whole or in part in, into, or from, any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction.
Ceres Power Holdings plc
("Ceres", "Ceres Power" or "the Company")
Following recent announcements regarding Ceres' funding requirements, the Company announces that, despite extensive efforts it has been unsuccessful in securing sufficient funding for the business going forward. The Company will continue to explore all strategic options including a sale of the business, cancellation of the listing and in the absence of any alternative proposals commencement of an orderly wind down of the business. A further announcement will be made in due course.
Ceres Power Holdings plc Tel. +44 (0)1403 273 463
David Pummell, Chief Executive Officer
Rex Vevers, Finance Director
Investec Bank plc Tel. +44 (0)20 7597 4000
Chris Sim/James Ireland
Kreab Gavin Anderson & Company Tel. +44 (0)20 7074 1800
Ken Cronin/Deborah Walter