Issue of Equity

ValiRx PLC
08 May 2008

                                   ValiRx plc

                                (the 'Company')

                                Issue of Equity


Further to the announcements on 7 April 2008 and 2 May 2008, the Company
announces that due to additional interest it has raised a further amount of up
to £300,000 via a placing of new ordinary shares of 6p each in the Company 
('Ordinary Shares') at 6p per share ('Placing Shares') with a warrant attached.
Application will be made for the Placing Shares to be admitted to trading on AIM
and dealings are expected to commence on 13 May 2008 ('Admission').



A further announcment will be made before Admission confirming the final number
of Placing Shares.



Attached to each Placing Share will be a warrant to subscribe for one new
Ordinary Share at 10p per share for a period of three years from Admission.



Contact Details:


    ValiRx Plc             WH Ireland Limited             GTH Communications
 Dr Satu Vainikka            David Youngman             Toby Hall / Brooke Paul
[phone]       [phone]           [phone]




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