Transfer of Shares

3 July 2012

Phorm, Inc. ("Phorm" or the "Company")

Transfer of Shares

Phorm, Inc., (AIM: PHRX and PHRM), today announces that the Company has applied to AIM for the following shares to be transferred between the unrestricted line, trading under PHRX and the restricted line, trading under PHRM, and from the restricted line, trading under PHRM to the unrestricted line, trading under PHRX.

The transfers are expected to take effect from 3 July 2012.

Description of Security Old Ticker Symbol New Ticker Symbol No. of Shares

--------------------------- ------------------------ ------------------------- -----------------

Common Shares of PHRX PHRM 396

$0.001 each

Common Shares of PHRM PHRX 12,500

$0.001 each

Following the transfer of these shares the Company still has a total of 75,491,515 issued and outstanding Common Shares trading on AIM, of which 74,828,890 will be in the restricted line, trading under PHRM, and 662,625 in the unrestricted line, trading under PHRX. 45,000 of the aforementioned PHRM Common Shares are held in treasury.

No new shares have been issued and dealings in the shares under the new ticker symbols are expected to commence on 3 July 2012.

For Enquiries

Phorm, Inc.

Mark Williams (analysts & investors) +44 20 7297 2326

Alex Laity (media) +44 20 7297 2710

Liberum Capital +44 20 3100 2222

(Nominated Advisor)

Chris Bowman

Richard Bootle

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