Press Release

Brunnthal/Munich, Germany - March 12, 2010 – SFC Energy AG, leading supplier of fuel cell products for mobile and off-grid power applications based on fuel cells, today reports the appointment of David Morgan as Member to the SFC Supervisory Board.

David Morgan brings extensive experience in technology and manufacturing businesses including international, financial and general management. He has previously spent over 20 years with Johnson Matthey plc, 10 of which were as an executive director with specific responsibility for corporate development. He is currently Chairman of the International Advisory Board of Conduit Ventures Ltd and also a member of the Advisory Board of Imperial College, London, Dept of Chemistry, and was formerly a member of the UK Science Forum and a non executive director of RiverSoft plc. He is a qualified chartered accountant and holds a degree in Mineralogy and Petrology from the University of Cambridge.

“We are proud to welcome the experienced industry expert David Morgan to the Supervisory Board of SFC Energy”, says Dr. Rolf Bartke, Chairman of the SFC Supervisory Board. “With his international finance and clean tech expertise we consider him to be extremely well qualified to make significant contributions to the Company in his new role. To Dr. Roland Schlager, who left SFC’s Supervisory Board in November 2009 and whom David Morgan is now replacing, we wish to extend our thanks for his valuable support in this function.”

Founded in 2000, SFC Energy has successfully sold over 17,000 fully commercialized fuel cells to industrial customers and private end users, while most other fuel cell companies are still in the research and development phase or run subsidized demonstration projects.

More information at www.sfc.com and www.efoy.com.