Trading Update

Nutrinnovator Holdings PLC
18 February 2005


For Immediate Release                                        18 February 2005


                           NUTRINNOVATOR HOLDINGS PLC
                        ('Nutrinnovator' or 'the Group')

                                 Trading Update

The Board is updating shareholders on recent trading for the Altu food bar,
which continues to be substantially behind expectations for the current
financial year. This situation has been further exacerbated by the recent events
that resulted in Nutrinnovator's sales agent, Food Brokers Limited, being placed
into administration. The Board is currently assessing contingency plans for the
sales operation and expects to implement an alternative plan shortly. The Altu
food bar continues to receive support from trade customers and consumers, and
extended distribution in a current key multiple grocer account will be in place
during March. Further progress in wholesale and convenience channels is expected
in April.

Continued focus on financial controls will result in end of year cash balances
being slightly behind expectations, in view of these trading and operational
difficulties.

Nutrinnovator has continued to make progress in the area of establishing
relationships to develop novel functional foods. The Group has recently agreed
in principle a joint venture with a substantial New Zealand research institute
to commercialise a heart health and cognitive development ingredient for which a
patent is in the process of being filed, and which would also give Nutrinnovator
preferential access to the development pipeline from the institute. In addition,
a further agreement in principle has been reached with a UK-based research
institute to develop a functional food technology which is expected to result in
clinically-proven and patented cancer prevention properties.

The Nutrinnovator pipeline contains medium and long-term projects which, it is
planned, will result in the development of novel functional food products with
intellectual property positions in the areas of heart health and cancer
prevention. The Group continues to work alongside Provexis Limited in the
development of its Cardioflow(R) heart-healthy drink with the expectation of
achieving a late summer 2005 launch of the product. In addition, despite the
slower than planned sales of the Altu food bar brand, it is felt that as well as
providing a near-term revenue stream, this brand has the potential to provide a
future functional food platform.

For further information please contact:

Nutrinnovator Holdings plc
Stephen Moon, Managing Director                               07967 564301

Buchanan Communications                                       020 7466 5000
Tim Thompson / Tom Carroll





Notes to editors:

Nutrinnovator's strategy is to develop and market food and drink products
designed to be of overall superior nutritional quality to competing products in
specific product categories, whilst retaining the taste and palatability to
appeal to the consumer. Health issues related to diet are significant in world
consumer markets. Poor diet can lead to obesity which, in turn, can cause such
health issues as diabetes, heart disease, and high cholesterol. The founders of
Nutrinnovator came together to form the business with the aim of exploiting an
opportunity in the food and drink-based wellbeing and functional food sector.
The first products of the Group, the Altu food bar range, were launched in the
market in the UK in 2004. The Group's experienced management team are constantly
looking into new ventures to exploit the opportunities in the functional food
sector. The Group successfully floated on AIM in June 2004.




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