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26 April 2006

Cyprotex appoints Russell Gibbs to the Board as Chief Financial Officer

Cyprotex PLC (LSE: CRX), the drug discovery technology and information company, is pleased to announce that Group Chief Financial Officer, Mr Russell Gibbs, will be joining its Board of Directors with immediate effect.

Mr Gibbs brings with him over twenty years of experience in the international capital markets, having worked for a number major investment banks over this period, including UBS, Paribas SA and NatWest. A wide range of roles, including many customer facing activities, have seen Mr Gibbs advising on initial public offerings, merger and acquisitions and new fund raising in both the quoted equity and bond markets. Being able to call on such skills will be increasingly important for Cyprotex, as it expands its global reach, product offering and enters increasingly into sophisticated joint ventures and collaborative agreements.

Over the past year, Cyprotex grew significantly, both in terms of revenues and customer base, as it capitalised on its growing reputation as a high quality provider of information and technology to the Biotechnology and Pharmaceutical industry. Cyprotex uses both computational and highly automated laboratory approaches to understand how compounds are processed by the body.

Commenting on the appointment, Robert Morrisson Atwater, Chairman and Chief Executive officer of Cyprotex PLC, said: "We are delighted that an individual of such experience is joining the Board of Directors. I expect to be working closely with Mr Gibbs over the coming years, as Cyprotex seizes the huge product and customer opportunities available in its global marketplace."

Russell Barry Gibbs, aged 46, holds the following directorships:

Court Lees Limited
Permitnotice

There are no further disclosures to be made regarding this appointment pursuant to paragraph (g) of Schedule 2 of the AIM Rules

For further infornation:

Cyprotex PLC
Robert Morrison Atwater, Chairman & Chief Executive Officer
Tel: +44 1625 505 100
ir@cyprotex.com
www.cyprotex.com

Code Securities Limited
Chris Collins, Corporate
Tel: +44 20 7776 1200
cic@codesecurities.com
www.codesecurities.com

Media enquiries:

Abchurch
Heather Salmond/Georgina Bonham
Tel: +44 20 7398 7700
heather.salmond@abchurch-group.com
www.abchurch-group.com

 

News Contact:

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