Grant of Options

Ceres Power Holdings plc 28 March 2006 Ceres Power Holdings plc (the 'Company') On 21 March 2006 the Remuneration Committee of the Company approved the grant of options to subscribe for 500,000 Ordinary Shares in the Company at a price of 281.5p. These options will become exercisable over three years from the date of grant, in equal tranches at six monthly intervals, and were allocated to the following executive directors of the Company: Philip Holbeche (Chairman) 150,000 options Peter Bance (CEO) 200,000 options Andrew Baker (Operations Director) 150,000 options This information is provided by RNS The company news service from the London Stock Exchange