PHD.L Regulatory News (PHD)

ISIS EP LLP - Statement re Proactis Holdings plc

PR Newswire

London, December 13

Press announcement

13 December 2012

ISIS Equity Partners LLP ("ISIS")

Statement re Proactis Holdings plc ("Proactis" or "the Company")

Prior to the Annual General Meeting of the Company, to be held on 17 December2012, ISIS wishes to make all of its fellow shareholders aware that it hasrecently written to the Board of Proactis in order to:

1. Express concern at the performance of the Company since Admission in 2006,

during which period the share price has fallen from 43p to 25.75p.

2. Request that the Board clearly articulate to all shareholders its strategy

for creating shareholder value

3. Request that the Company formally appoint corporate finance advisers to

conduct a strategic review to assess whether shareholders would see better

value through a sale or merger of the business than through remaining as an

independent public company

4. Request that in line with current best practice under the UK Corporate

Governance Code, all directors should seek re-election annually

ISIS is in continuing discussions with the company on these matters.

As at 13 December 2012 ISIS held 8,300,200 ordinary shares in Proactis,representing 26.28 % of the company's issued share capital.

Enquiries: Ken Wotton, ISIS EP LLP - 020 7506 5600