AFC Energy plc

("AFC Energy" or the "Company")

Appointment of Joint Broker

AFC Energy plc, the developer of low cost alkaline fuel cells, is pleased to announce the appointment of Allenby Capital Limited as joint broker to the Company with immediate effect. Astaire Securities remains the Company's nominated adviser and broker to the Company.

Ian Balchin, Managing Director, commented:

"We are delighted to be working with the team at Allenby Capital whom we appointed as Joint Broker in order to benefit from their track record and expertise in the cleantech sector with a particular focus on Europe and the Middle East."

Imran Ahmad, Chief Executive Officer at Allenby Capital, commented:

"We have been following AFC Energy for some time and have been impressed with the progress that the Company has made over the last year. We are delighted to have been appointed as joint broker."

For further information please contact:

AFC Energy plc                                                                                                                        Tel: 01483 276 726
Tim Yeo, Chairman                                          
Ian Balchin, Managing Director

Astaire Securities                                                                                                                 Tel: 020 7448 4400                      
Shane Gallwey

Allenby Capital Limited                                                                                                      Tel: 020 3328 5656
Imran Ahmad

Pelham Public Relations                                                                                                    Tel: 020 7337 1523
Chelsea Hayes