AGM Statement

    Embargoed Release: 07:00hrs Thursday 1 May 2008

                              CMR Fuel Cells plc                               

                           ('CMR' or `the Company')                            

                                 AGM Statement                                 

CMR Fuel Cells Plc, the specialist developer of high power density fuel cell
stacks for portable electronics applications, will be holding its Annual
General Meeting today at 9.30am.

Tim Curtis, Non-Executive Chairman, will make the following statement:

`CMR experienced an encouraging start to the year; during the first quarter the
Company demonstrated working direct methanol fuel cell systems capable of
powering lap-top computers to our targeted potential customers in addition to
major trade shows in Tokyo and Shanghai. This is in line with our strategy of
seeking commercial traction in the established Asian markets. As well as
permanent representation in Japan, we have active commercial programmes in
Korea, Taiwan and China and trials are underway with a number of OEMs,
including Samsung SDI of Korea.

The demonstrations of our fuel cell systems continue to be very well received,
highlighting our proven abilities to not only design and develop direct
methanol fuel cell stacks but also our potential to create complete fuel cell
systems that are greatly assisting in attracting new joint venture partners.
The Board is confident that the Company is strengthening its ability to exploit
these systems commercially over the coming year.

I would like to reiterate that as we reported in our final results for the year
ended 31 December 2007, CMR continues to be tightly managed and is operating
well within its budget. The Board currently expects the Company's cash reserves
of £8 million to be sufficient for planned operations until early 2010.'

The AGM will take place in Room CR15, Harston Mill, Harston, Cambridge, CB22
7GG.

                                    -Ends-                                     

Further Information

John Halfpenny, CEO       CMR Fuel Cells plc        01223 875 544            
                                                                             
Vikki Krause              Hansard Group             020 7245 1100            
                                                                             
www.hansardgroup.co.uk                                                       
                                                                             
Michael Ansell            Investec Investment       020 7597 5970            
                          Banking                                            
                                                                             

About CMR Fuel Cells plc

CMR Fuel Cells plc is a UK based designer and developer of high performance
compact Direct Methanol Fuel Cell (DMFC) stacks and systems for portable and
small stationary power generation applications ranging from media players and
games consoles through to laptop computers and remote monitoring devices.

CMR is focussed on building commercial traction and revenue in the consumer
electronics industry where demand is highest for power solutions to replace
today's Lithium batteries. The Company's DMFC solutions overcome issues
surrounding traditional batteries such as short run times, return to mains
recharging and questionable battery safety and are ideally suited for modern
feature-rich, `always on, always connected' wireless devices.

In 2006, an estimated 1 billion Li-Ion battery packs were sold world-wide to
power portable consumer electronic devices. This number is expected to rise to
an estimated 1.9 billion in the year 2008. To exploit this opportunity, CMR has
assembled experienced and capable technical, commercial and management teams
which, when combined with its world-class, purpose built facilities and broad
and growing intellectual property portfolio, strongly positions it to be at the
forefront of its high-growth target markets.

CMR has broad, unique knowledge of all aspects of portable fuel cells including
platinum free catalysts, membrane electrode assemblies (MEAs), mixed and
separated reactant stack architectures, DMFC systems and specialist testing.
CMR is pursuing an over-lapping two phase strategy which will allow it to
develop and deploy competitive products that meet the needs of near-term `early
adopter' markets as well as mid- to long-term mass markets.



END