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Pathway One PLC (POPP)

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Tuesday 27 January, 2009

Pathway One PLC

Trading Statement and Change of Directors' Shar...


Announcement of Directors' Shareholdings

Following the subscription and acquisition of shares announced on 17th November
2008, the Directors' shareholdings in Pathway One plc are as follows:

Mr Ian Leith              513,438                   2.09%                    
                                                                             
Mr David Oakley           Nil                       nil                      
                                                                             
Mr Russell Darvill        Nil                       nil                      

Mr Leith is a director of Viatrade plc which holds 45,975 shares of Pathway One
plc (0.19%). Mr Oakley is a Director of Rivington Street Holdings plc which
holds 18,650,400 of Pathway One plc (76%).

Announcement of Change of Status and Direction

The Directors of Pathway One plc are pleased to announce that following the
subscription and acquisition of shares by Rivington Street Holdings announced
on 17th November 2008, the directors have undertaken a strategic review of the
company's situation. The company has not been trading for some time and has no
prospect of trading as originally intended. Accordingly, the company is now a
Cash Shell and is seeking opportunities through Rivington Street Corporate
Finance and its corporate advisers.

Rivington Street Holdings plc has undertaken to ensure that Pathway One can
continue to meet its non trading obligations, by way of loans to the company.
The Directors have agreed that a resolution regarding the continuation of the
company will be proposed at the next Annual General Meeting of the company.

Announcement re Reverse Takeover dated 1st July 2008

The Reverse Takeover announced on 1st July 2008 referred to the subscription by
Rivington Street Holdings plc for 4,000,000 ordinary shares in Pathway One plc
which was completed and announced on 17th November 2008. The subscription did
not constitute a reverse takeover for the purposes of the PLUS Rules.

The Directors of Pathway One plc accept responsibility for this announcement

Contact:

Corporate Adviser:

Tim Lyle, City & Merchant Corporate Finance Limited

020 7101 7676


                                                                                                            

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