ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:

CMR Fuel Cells plc
 

COMPANY ADDRESS:

Harston Mill, Harston, Cambridge
 

COMPANY POSTCODE:

CB2 5GG
 

COUNTRY OF INCORPORATION:

England
 

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:

Fuel cell development
 

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):

Number of shares: 20,304,846

Nominal value and class: Ordinary shares, fully paid, of 10 pence each

Issue price: 176p

Treasury shares: Nil
 

CAPITAL TO BE RAISED ON ADMISSION:

£10.3 million
 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Gordon Crawford - Non-Executive Chairman

John Wedgwood Halfpenny - Chief Executive Officer

Michael Alexander Priestnall - Chief Technical Officer

Professor Dr Gordon Malcolm Edge CBE - Non-Executive Director
 

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

Holder                                                Before Admission           After
Conduit Ventures Fund                                 23.5%                      16.8%
Carbon Trust Investments Limited                      23.5%                      16.8%
Scientific Generics Limited                           11.7%                      8.3%
Michael Alexander Priestnall                          8.7%                       6.2%
Herald G.P. II Limited                                7.5%                       5.3%
Michael Joseph Evans                                  6.5%                       4.6%
Inter Ikea Finance SA Holding                         3.8%                       2.7%
The Generics Group Limited                            3.8%                       2.7%

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

Not applicable
 

ANTICIPATED ACCOUNTING REFERENCE DATE:

31 December
 

EXPECTED ADMISSION DATE:

22 December 2005
 

NAME AND ADDRESS OF NOMINATED ADVISER:

Investec Investment Banking
A division of Investec Bank (UK) Ltd
2 Gresham Street
London, EC2V 7QP
 

NAME AND ADDRESS OF BROKER:

Investec Securities

A division of Investec Bank (UK) Ltd
2 Gresham Street
London, EC2V 7QP