Centrica deal approved

Ceres Power Holdings plc
01 February 2008


For immediate release
1 February 2008


Ceres Power Holdings plc ('Ceres' or the 'Company')


Result of Meeting and Issue of Equity

Further to the Company's announcement of 14 January 2008 that it had entered
into a subscription agreement and a development, supply and distribution
agreement with certain members of the Centrica plc group on 12 January 2008, the
Company announces that the special resolution of the Company's shareholders
required in order to complete both of these agreements was proposed at today's
General Meeting of the Company and was duly passed on a show of hands by the
requisite majority.

Consequently, in accordance with the terms of the subscription agreement, the
Company will allot and issue a total of 6,671,838 new Ordinary Shares of 5 pence
each ('New Shares') to GB Gas Holdings Limited ('GB Gas'), a wholly owned
subsidiary of Centrica plc, upon receipt by the Company of the sum of
£20,015,514, being the aggregate subscription amount due on the New Shares at
the subscription price of £3.00 per share. The allotment and issue is expected
to take place on 6 February 2008.

Application will shortly be made for the New Shares to be admitted to trading on
AIM, which, subject to the allotment and issue taking place on or before 6
February 2008, is expected to occur on 7 February 2008.


For further information contact:

Matt Stride, Company Secretary        [phone]


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