Stmnt re Share Price Movement

26 Jan 2005 12:22

Phytopharm PLC26 January 2005 Not for release, publication or distribution, directly or indirectly, in or intothe United States, Canada, Australia, Japan or the Republic of Ireland For immediate release Phytopharm plc The Board of Phytopharm plc (the "Company") notes the recent share pricemovement and press speculation. The Company confirms that following recent positive events it is in advanceddiscussions to raise additional finance by way of a material equity placing andopen offer to further develop and exploit the potential of its productcandidates. Enquiries: Financial DynamicsDavid Yates/Ben AtwellTel: +44 20 7831 3113 These written materials are not for distribution in the United States. Thesewritten materials are not an offer of securities for sale in the United States.Securities may not be offered or sold in the United States absent registrationunder the US Securities Act or an exemption therefrom. Phytopharm plc has notand does not intend to register any of the securities under the US SecuritiesAct. The securities will not be offered or sold to the public in the UnitedStates of America. This information is provided by RNS The company news service from the London Stock Exchange