Aspartus plc
LSE : ASPP

October 20, 2010 06:01 ET

Correction re Issue of Convertible Loan Notes

                                                     
                                               ASPARTUS PLC
                        CORRECTION ANNOUNCEMENT: RE ISSUE OF CONVERTIBLE LOAN NOTES
                                                     
Aspartus  Plc  ("Aspartus"  or  "the  Company") announces a  correction  announcement  in  respect  of  the
announcement made on 29 September 2010. The correct terms of the convertible loan note are that the Company
has  issued  GBP  20,000 of Convertible Unsecured Loan Notes 2013 which are convertible at  a  subscription
price of GBP 0.00001 per Ordinary Share. The balance of the principal of the loan which has not been repaid
or converted into Ordinary Shares by 31 December 2013 is repayable on that date.

The  loan  is  to be advanced in four equal instalments of GBP 5,000 each on 31 October 2010,  30  November
2010, 31 December 2010 and 31 January 2011

The  funds will be used to provide working capital for the Company for the maintenance of the listing  and
administration while we continue to actively seek new opportunities to enhance shareholder value.

The Directors of the Issuer accept responsibility for this announcement.

20 October 2010

FOR FURTHER INFORMATION PLEASE CONTACT:

Nigel Weller
Aspartus PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel: +44 (0) 20 7309 2280
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited
www.alfredhenry.com



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