Disposal

Provexis PLC
05 October 2005


                                  PROVEXIS PLC
                                        
                                Disposal of Altu

Provexis plc ('Provexis' or the 'Company') AIM: PXS.L, announces the sale of its
Altu food business to Go Lower Limited for a cash consideration of £75,000 which
will be used for working capital purposes.

As stated at the AGM, the Board has been closely monitoring the performance of
Altu. The brand has recently extended its distribution, via a new pack format,
in two multiple grocers, and continues to enjoy national distribution in High
Street and Major Multiple Grocers. However, following a strategic review, the
Board has concluded that, in order to focus on the core activity of functional
foods, a disposal of the Altu business is in the best interests of the Company
and shareholders.

For the year ended 31 March 2005, the Altu business was loss-making, after
direct overheads on turnover of £298,000 and in the year to date has continued
to be loss-making. The disposal therefore will have a cash positive effect on
Provexis' business going forward.

Commenting, Dr Stephen Franklin, CEO said:

'Provexis will now be able to focus its resources and management time on its
core business: the development of novel, patented, food bioactives with
scientifically-proven health benefits. These will be commercialised via a
combination of licensing and own-brand functional foods.'

For further information

Provexis plc
Dr Stephen Franklin, CEO                                 07710 348 774

Bell Pottinger Corporate and Financial
Emma Kent                                                020 7861 3232

Go Lower Limited
Kevin Dorren                                             07768 156206
    



                      This information is provided by RNS
            The company news service from the London Stock Exchange