The Board is pleased to announce that today, following the exercise of share options, it has issued and allotted 40,000 new Ordinary Shares of 1 pence each at an exercise price of 1 pence per share.

The issued ordinary share capital of the Company is now 196,944,179 ordinary shares of 1 pence each.

Application will be made for the new ordinary shares to be admitted to AIM as soon as practicable.