Holding(s) in Company

Phytopharm PLC 09 April 2008 TR-1: notification of major interests in shares 1. Identity of the issuer or Phytopharm plc the underlying issuer of existing shares to which voting rights are attached: 2. Reason for the notification (please tick the appropriate box or boxes) An acquisition or disposal of voting rights YES An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): Placing 3. Full name of person(s) AXA S.A, 25 Avenue Matignon, subject to the notification 75008 Paris and its group of companies subject to the notification obligation: 4. Full name of shareholder(s) (if different from 3.) 5. Date of the transaction (and 02/04/08 date on which the threshold is crossed or reached if different) 6. Date on which issuer 03/04/08 notified: 7. Threshold(s) that is/are crossed or reached: 6% 8. Notified details: A: Voting rights attached to shares Class/type Situation previous to the Resulting situation after the triggering of shares Triggering transaction transaction if possible using the Number of Number of Number of Number of voting % of voting ISIN CODE Shares Voting shares rights rights Rights Direct Direct x Indirect xi Direct Indirect Ordinary 1 Pence 4,095,079 4,095,079 11,000 11,000 5,737,517 0.01% 6.07% GB000686972 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting rights that may % of financial date Conversion be acquired if the instrument is voting instrument Period/ Date exercised/ converted. rights Total (A+B) Number of voting rights % of voting rights 5,748,517 6.08% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Name of the Company/Fund Number of Shares % of issued share capital AXA UK Investment Co ICVC UK Smaller Companies Fund 325 0.00034 Indirect Framlington Goldmans 337,984 0.35749 Indirect Sun Life Pensions Management Ltd 11,000 0.01163 Direct AXA Framlington Equity Income 3,340,768 3.53356 Indirect AXA Framlington Biotech 1,052,631 1.11338 Indirect Framlington onshore private clients 477,181 0.50472 Indirect Framlington onshore private clients 43,863 0.04639 Indirect AXA Framlington St James Place Internal Equity & Income UT 484,765 0.51274 Indirect Total direct 11,000 0.01163 Total Indirect 5,737,517 6.06862 Total 5,748,517 6.08025 Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional Notification using the total voting rights figure of information: 94,544,038 14. Contact name: Zoe McGowan, Company Secretary 15. Contact telephone number: 01480 437697 This information is provided by RNS The company news service from the London Stock Exchange

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