Issue of Equity

The Company announces that it has issued 3,300,330 new ordinary shares of 1p each in the Company ("Ordinary Shares") at 3.03p per share as consideration for fees incurred following the fundraising announced on 27 April, 2009.

Application will be made for the admission of 3,300,330 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings will commence on 7 May, 2009. On admission, the Company will have 245,316,533 Ordinary Shares in issue.