Transfer of Shares

24 Jun 2008 07:00



24 June 2008

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

Transfer of Shares from Unrestricted Line (PHRX) to Reg S Line (PHRM)

Phorm, Inc., (AIM: PHRX and PHRM), today announces that the Company applied to AIM for the following shares to be transferred from the Unrestricted line, trading under PHRX, to the Reg S line trading under PHRM. The transfer is expected to take effect from 30 June 2008.

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

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

Common Shares of $0.001

each PHRX PHRM 50,000

No new shares have been issued. Following the transfer of these shares the Company still has a total of 13,844,863 issued and outstanding Common Shares. Following the transfer 13,044,537 will be trading on AIM under the ticker PHRM, the 'Reg S line' and 800,326 will be trading on AIM under the ticker PHRX, the 'unrestricted line'.

Dealings in the shares under the new ticker symbol are expected to commence on 30 June 2008.

For Enquiries Phorm, Inc. +44 870 405 7722 Kent Ertugrul (Chairman & Chief Executive)Citigate Dewe Rogerson +44 20 7638 9571 Simon Rigby Justin Griffiths Canaccord Adams Limited +44 20 7050 6500 Nominated Adviser Mark Williams Andrew Chubb

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