PHRM.L Regulatory News (PHRM)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Phorm Incorporated

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Due to company reorganization, Capital Research and Management Company ("CRMC") and Capital Group International, Inc. ("CGII") will no longer report relevant holdings under management separately. Instead the relevant holdings under management by CRMC and CGII will be reported in aggregate by

The Capital Group Companies, Inc ("CGC"). It is solely for this reason (and not as a result of any additional acquisition or

disposal) that CGC is reporting this aggregated holding

X

3. Full name of person(s) subject to the notification obligation:

The Capital Group Companies, Inc.

4. Full name of shareholder(s) (if different from 3.):

See Schedule A

5. Date of the transaction and date on which the threshold is crossed or reached:

3 September 2012

6. Date on which issuer notified:

4 September 2012

7. Threshold(s) that is/are crossed or reached:

Above 6%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Number of shares

Number of votingrights

% of voting rights

Direct

Indirect

Direct

Indirect

Direct

Indirect

Ordinary Shares (US71922A1034)

5,260,000

5,260,000

5,260,000

5,260,000

 6.4865%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,260,000

6.4865%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

15. Contact telephone number:

Annex Notification of Major Interests in Shares

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities):

The Capital Group Companies, Inc.

Contact address (registered office for legal entities)

333 South Hope Street, 55th Floor,

Los Angeles, California 90071

Phone number & email

(213) 615-0469

GRGroup@capgroup.com

Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Gina Martinez

Contact address

333 South Hope Street, 55th Floor,

Los Angeles, California 90071

Phone number

(213) 615-0469

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

Fax: (213) 615-4056

C: Additional information

Due to company reorganization, Capital Research and Management Company ("CRMC") and Capital Group International ("CGII") will no longer report relevant holdings under management separately. With effect from 1 September 2012, the holdings under management of CRMC and CGII will be reported by the group's parent company, The Capital Group Companies, Inc