Holding(s) in Company

17 Dec 2009 09:23

17 December 2009

Akers Biosciences Inc.

("ABI or the "Company")

Holdings in Company

Akers Biosciences, Inc (AIM:AKR), a leading designer and manufacturer of rapid diagnostic screening and testing products, received notification on 16 December 2009 that Legal & General Group plc, or its subsidiaries ("Legal & General"), purchased 5,000,000 Common Shares of nil par value in the Company on 15 December 2009. Following this transaction Legal & General's total interest in the Company is 14,000,000 Common Shares, representing approximately 12.28 per cent. of the Company's issued share capital. 

ABI also received notification on 16 December 2009 that funds controlled by Southridge Capital Management LLC (Brittany Capital) now have an interest in the Company of 9,417,135 Common Shares, representing approximately 8.35 per cent. of the Company's issued share capital.

Enquiries:

Thomas A. Nicolette

President and CEO

Tel. +1 856 848 8698

Ben SimonsM: CommunicationsTel. +44 (0)20 7920 2340

Alasdair Younie/Ben Wells

Arbuthnot Securities Limited

Tel. +44 (0)20 7012 2000