Aspartus plc

September 08, 2009 09:54 ET

Conversion of Loan Notes

                                               ASPARTUS PLC
                                         Conversion of loan notes
Aspartus Plc ("Aspartus" or "the Company") announces that it has received a conversion notice from Westward
Consultants Limited, the holder of the Convertible Unsecured Loan Notes 2012, to convert GBP 9,900 of  loan
notes into 22,000,000 ordinary shares.

Accordingly, 22,000,000 new Ordinary Shares in the Company have been issued in satisfaction thereof.

Following the issue of these shares, the shareholdings of the directors has not changed but the percentage
holdings are now as set out below:

DIRECTOR                     NO. OF SHARES             %
Leo Knifton                     5,166,667             6.8
Nigel Weller                    5,166,667             6.8
Stephen Oakes                   5,166,666             6.8

The Company has been notified of the following interests in its issued share capital:

SHAREHOLDER                              NO. OF SHARES                      %
Westward Consultants Limited              22,000,000                       29.2
Cairns Investment Holdings Limited        16,000,000                       21.2

The  beneficial  owner of Cairns Investment Holdings Limited is Mr David Rowland. The beneficial  owner  of
Westward Consultants Limited is Mr Stephen Wheatley.

The Company now has 75,459,350 shares in issue.

The Directors of the Issuer accept responsibility for this announcement.


Nigel Weller, Director
Aspartus plc
Tel: 020 7309 2281

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel: 020 7251 3762

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