Acquisition of Shares

Phytopharm PLC
07 May 2003


Phytopharm PLC

Phytopharm PLC (the 'Company')

7 May 2003

Notification of major interests in shares

The Company received notification on 6 May 2003 from RAB Capital Ltd, informing
it that as a result of acting as investment manager for a number of commingled
funds RAB Capital Ltd has acquired 1,603,500 ordinary shares in Phytopharm plc.
This represents 4.2% of the issued share capital. RAB Capital Ltd does not act
as custodian for its clients and the shares are held in the name of Morstan
Nominees Ltd.


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