AquaSource

Director/PDMR Shareholding

Director/PDMR Shareholding

AquaSource Algae Group

AquaSource Algae Group Plc

(“AquaSource”)

Sales of AquaSource Shares by Specialbalance Ltd, a wholly owned subsidiary of the Company, and the Purchase of AquaSource Shares by certain Directors and another significant shareholder.

On the 31st December 2009, Specialbalance Ltd a wholly owned subsidiary of the Company disposed of 6,120,979 Ordinary shares in the Company for a total consideration of £68,861, reducing its holding in the Company to 5,897,059 shares, 10% of the issued share capital. Whilst held by Specialbalance, shares in the Company become non-voting shares.

On the same day, the following Directors of the Company purchased the following shares:

Director   Shares   Consideration   Revised   Revised
Purchased Holding %age
 
S. Lewis 1,333,333 £15,000 15,647,933 26.5%
O. Spurling 2,565,513 £28,862 8,705,552 14.8%
E. Delahunt 888,800 £ 9,999 1,327,076 2.3%

The remainder of the shares sold by Specialbalance were purchased by Mr A Spurling, whose revised holding is now 22.5%

The Directors of AquaSource accept responsibility for this announcement.

ENDS

Enquiries:    
Sian Lewis AquaSource ++385-911-324270
Oliver Spurling AquaSource 07769 647617
Stephen Foale Fletcher Foale Ltd 07769 937708