Ener1 Announces Senior Management and Board of Directors Changes

Ener1, Inc.

today announced two changes to its senior leadership team. Board member Thomas J. Snyder is replacing Charles Gassenheimer as chairman by assuming the role of non-executive chairman of the board. Chris Cowger, who has been serving as president of Ener1, will take over as chief executive officer from Mr. Gassenheimer, who is leaving the company. The changes are effective immediately. Mr. Gassenheimer is also expected to resign from Ener1's board of directors. In addition, Ener1's board of directors has expanded the number of board seats from nine to 10 naming Chris Cowger to fill the new board seat. "We are fortunate to have hired Chris Cowger earlier this year," stated Thomas J. Snyder, non-executive chairman of the board, Ener1, Inc. "He's done an excellent job re-focusing Ener1 on the needs of its current and potential customers."