Holding(s) in Company

Summary by AI ^BETAClose X

JPMorgan Chase & Co. has notified Ceres Power Holdings plc of a change in its major holding, crossing a threshold on April 24, 2026. The firm now holds a total of 5.046488% of voting rights, comprising 0.878889% directly attached to shares and 4.167599% through various financial instruments including rights to recall lent shares and cash-settled equity swaps with expiration dates extending to 2031. The total number of voting rights held by JPMorgan Chase & Co. in Ceres Power is 9,831,116.

Disclaimer*

Ceres Power Holdings plc

29 April 2026

CWR.L

Ceres Power Holdings plc

("Ceres Power" or "the Company")

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

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

Country of registered office (if applicable)

4. Details of the shareholder

Name	City of registered office	Country of registered office
J.P. Morgan Securities PLC

5. Date on which the threshold was crossed or reached

24-Apr-2026

6. Date on which Issuer notified

28-Apr-2026

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	0.878889	4.167599	5.046488	9831116
Position of previous notification (if applicable)	Below Minimum Threshold	Below Minimum Threshold	Below Minimum Threshold

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		1712131		0.878889
Sub Total 8.A	1712131		0.878889%

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
Right to recall shares lent out			5380449	2.761909
Sub Total 8.B1			5380449	2.761909%

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
Cash-settled Equity Swap	28/04/2026	28/04/2026	Cash	302287	0.155163
Cash-settled Equity Swap	30/09/2026	30/09/2026	Cash	32362	0.016611
Cash-settled Equity Swap	30/11/2026	30/11/2026	Cash	2260	0.001157
Cash-settled Equity Swap	11/12/2026	11/12/2026	Cash	29213	0.014993
Cash-settled Equity Swap	18/01/2027	18/01/2027	Cash	404000	0.207382
Cash-settled Equity Swap	05/04/2027	05/04/2027	Cash	72403	0.037159
Cash-settled Equity Swap	21/04/2027	21/04/2027	Cash	8959	0.004597
Cash-settled Equity Swap	27/04/2027	27/04/2027	Cash	69335	0.035585
Cash-settled Equity Swap	05/05/2027	05/05/2027	Cash	169400	0.086945
Cash-settled Equity Swap	12/05/2027	12/05/2027	Cash	17213	0.008835
Cash-settled Equity Swap	20/05/2027	20/05/2027	Cash	600751	0.308379
Cash-settled Equity Swap	26/05/2027	26/05/2027	Cash	335	0.000171
Cash-settled Equity Swap	28/05/2027	28/05/2027	Cash	1342	0.000688
Cash-settled Equity Swap	02/06/2027	02/06/2027	Cash	392651	0.201548
Cash-settled Equity Swap	15/06/2027	15/06/2027	Cash	32310	0.016585
Cash-settled Equity Swap	22/10/2027	22/10/2027	Cash	1973	0.001011
Cash-settled Equity Swap	27/10/2027	27/10/2027	Cash	447	0.000229
Cash-settled Equity Swap	03/05/2028	03/05/2028	Cash	335	0.000171
Cash-settled Equity Swap	16/01/2029	16/01/2029	Cash	48800	0.025050
Cash-settled Equity Swap	03/01/2031	03/01/2031	Cash	539560	0.276965
Cash-settled Equity Swap	02/05/2031	02/05/2031	Cash	12600	0.006466
Sub Total 8.B2				2738536	1.405690%

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
JPMorgan Chase & Co.	J.P. Morgan Securities plc		4.167599	5.009976%
JPMorgan Chase & Co.	J.P. Morgan SE

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

Chain of controlled undertakings:

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities PLC (100%)

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan SE (100%)

12. Date of Completion

28-Apr-2026

13. Place Of Completion

London

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

Ceres Power Holdings plc

Merryl Black (Head of Investor Relations and Sustainability)

Email: investors@cerespower.com

Ceres Power Holdings plc

Dominic Murray (Company Secretary)

Tel: +44 (0)7526 196529

About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers to produce green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres' solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels. Ceres is listed on the London Stock Exchange ("LSE") (LSE: 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.

Read more on our website www.ceres.tech or follow us on LinkedIn.

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