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16 December 2003

Placing

Cyprotex PLC ("Cyprotex" or the "Company") has placed 4,500,000 new ordinary shares of 0.1p (the "New Shares") at a price of 18p per share, to raise £810,000 before expenses. The New Shares represent 4.74% of the enlarged share capital of the Company. Application will be made to AIM for admission of the New Shares to trading, with dealings expected to commence on 19th December.

For further information:

Robert Morrisson Atwater, Chairman and Chief Executive Officer
Cyprotex PLC
Tel: +44 (0) 1625 505 100
r.atwater@cyprotex.com
www.cyprotex.com

Jonathan Retter
Durlacher Ltd
Tel: +44 (0) 20 7459 3600

Henry Harrison-Topham
Bankside Consultants Limited
Tel: +44 (0) 20 7444 4140
henry.ht@bankside.com
www.bankside.com

News Contact:

Robert Morrisson Atwater, Chairman & CEO
+44 1625 505 152
ir@cyprotex.com
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