Aspartus plc
LSE : ASPP

December 18, 2009 09:44 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 13,650 of loan
notes into 30,333,333 ordinary shares. This represents the balance of the loan note.

Accordingly, 30,333,333 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             3.26
Nigel Weller                    5,166,667             3.26
Stephen Oakes                   5,166,666             3.26

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

SHAREHOLDER                                      NO. OF SHARES                      %
Westward Consultants Limited                      30,333,333                      19.12
Independent Trustee Company Limited               22,450,000                      14.15
William Rhodes                                    10,000,000                       6.30
Robert Dunley                                      9,999,999                       6.30

The  beneficial  owner  of Westward Consultants Limited is Mr Stephen Wheatley. Mr Keiran  Gavigan  is  the
beneficiary of a pension scheme of which the Independent Trustee Company Limited is a trustee.

The Company now has 158,658,016 shares in issue.

The Directors of the Issuer accept responsibility for this announcement.


FOR FURTHER INFORMATION PLEASE CONTACT:

Nigel Weller, Director
Aspartus plc
Tel: 020 7309 2250

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


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