ITM Power PLC - Change of Nomad

17 May 2012

ITM Power (Frankfurt: A0B57L - news) plc

("ITM Power" or the "Company")

Change of Nominated Adviser and Broker

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Singer Capital Markets Limited as its Nominated Adviser and Broker with immediate effect.

For further information please visit www.itm-power.com or contact:

About ITM Power

ITM Power plc was admitted to the AIM market of the London Stock Exchange (LSE: LSE.L - news) in 2004 and raised its initial funding of £6.2m in its IPO. A further funding round of £28.5m was completed in 2006. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:

· Electrolyser Distribution with Horizon Fuel Cells

http://www.horizonfuelcell.com/fuel_solutions_hbox.htm

· Marks ∓ Spencer pilot materials handling fuel cell project

http://www.itm-power.com/news-item/ms-agreement/

· UKH2Mobility with leading auto OEM (LSE: OEM.L - news) 's, UK gov. and industrial gas companies

http://www.itm-power.com/about-itm/partners/?id=49

· EcoIsland with Toshiba (Dusseldorf: TSE1.DU - news) , IBM (NYSE: IBM - news) , Cable ∓ Wireless, SSE (Frankfurt: A0RFBG - news) and Southern Water

http://www.itm-power.com/about-itm/partners/?id=46

· Boeing Unmanned Aircraft System Refueller

http://www.itm-power.com/news-item/agreement-with-boeing/

· CREO with Ford (NYSE: F - news) , Jaguar Land Rover and Johnson Matthey (LSE: JMAT.L - news)

http://www.itm-power.com/about-itm/partners/?id=45

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