Re Fruitflow Licence

Provexis PLC 01 November 2006 1 November 2006 PROVEXIS PLC ('Provexis') Fruitflow Licence Delay Provexis, the nutraceutical company that develops scientifically-proven functional and medical foods, announces that discussions for the licensing of its Fruitflow(R) bioactive food ingredient to a major international brand owner will now extend into 2007, due to the extension of the technical development timeline. Following the announcement in July of a one-year Exclusivity Agreement between Provexis and a major international brand owner, the parties have been working intensively on the development of an advanced format of the Fruitflow(R) bioactive ingredient, and its incorporation into a new branded product format. The patented, scientifically-proven Fruitflow(R) bioactive food ingredient reduces blood platelet aggregation, a significant contributing factor to thrombosis, which can cause heart attack or stroke. Commenting on the news, Stephen Moon, CEO of Provexis said: 'While the delay is disappointing, it is important to optimise the technical platform in order to maximise future potential revenues from our patented and proven Fruitflow(R) technology. Our partner remains wholly committed, and the joint project development team is focussed fully on reaching a successful conclusion.' For further information please contact: Stephen Moon, CEO Tel: 020 8392 6634 Provexis plc Victoria Geoghegan Emma Kent Bell Pottinger Corporate & Financial Tel: 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange

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Provexis (PXS)
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