RNS Number : 8916N
Ceres Power Holdings plc
04 October 2012

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")


Funding Update


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


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