Investing Policy Update

17 February 2012

Viridas plc

("Viridas" or the "Company")

Investing Policy Update

Viridas plc announces that following the disposal of its stake in Leed Petroleum plc, announced on 24 January 2012, it has disposed of substantially all of its assets, within the meaning of AIM Rule 15, and now has 12 months from 24 January 2012 to implement its current investing policy in accordance with AIM Rule 15 or make an acquisition(s) constituting a reverse takeover under AIM Rule 14.

For more information please contact:

Viridas plc

Nicholas Lee, Chairman +44(0) 20 7580 7576

Nominated Advisor and Joint Broker

Westhouse Securities

Antonio Bossi/Paul Gillam +44(0) 20 7601 6100

Joint Broker

Rivington Street Corporate Finance

Jon Levinson +44(0) 20 7562 3351