ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN 
ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:

Voller Energy Group plc
 

COMPANY ADDRESS:

1 Park Row, Leeds
 

COMPANY POSTCODE:

LS1 5AB
 

COUNTRY OF INCORPORATION:

England and Wales
 

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:

Voller Energy was established in 2002 to design, develop, manufacture and market a range of portable fuel cell
systems for use as mobile generators and battery re-chargers. Voller Energy has three product groups: the VE100
(which includes the VE100 v2) fuel cell system, the VE1000 fuel cell system and the Battery Box. Voller Energy
has received two Smart Awards from the Department of Trade and Industry to develop its technology and has filed
four patent applications to protect its technology.
 

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury shares):

23,000,513 Ordinary Shares of 2 pence at an issue price of 74 pence per share
 

CAPITAL TO BE RAISED ON ADMISSION:

£10.0 million (before expenses)
 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

John Ernest Brown (Non-executive Chairman)

Stephen David Voller (Chief Executive Officer)

Richard Michael Clarke (Chief Operating Officer)

Colin Peter Bonsey (Finance Director)

David Charles Port (Non-executive Director)

David Alan Cranston (Non-executive Director)
 

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:

All percentages are stated post Admission
 
 

Stephen Voller                                  - 12.4%

Michael Clarke                                  - 8.3%

Ormiston-Gore Securities Limited                - 5.6%
 

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:

N/A
 

ANTICIPATED ACCOUNTING REFERENCE DATE:

30 June
 

EXPECTED ADMISSION DATE:

1 February 2005
 

NAME AND ADDRESS OF NOMINATED ADVISER:

Arden Partners Limited

Nicholas House

3 Laurence Pountney Hill

London EC4R 0EU
 

NAME AND ADDRESS OF BROKER:

Arden Partners Limited

Nicholas House

3 Laurence Pountney Hill

London EC4R 0EU
 

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

Arden Partners Limited

Nicholas House

3 Laurence Pountney Hill

London EC4R 0EU
 

DATE OF NOTIFICATION:

26 January 2005
 

NEW/ UPDATE (see note):

Update
 

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:

CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY
REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:

AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE
LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS
OF ITS INVESTMENT STRATEGY:

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED
SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILIABLE TO
IT OF ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A
FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE
APPLICABLE.  THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS.

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TRESURY.