Initial Disclosure

The MedicX Fund Limited
21 March 2007




TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

MEDICX FUND LIMITED



2. Reason for the notification (place an X inside the appropriate bracket/s)

An acquisition or disposal of voting rights: (    )



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )



An event changing the breakdown of voting rights: (    )



Other (please specify) : (   X )

INITIAL DISCLOSURE



3. Full name of person(s) subject to the notification obligation:

PREMIER FUND MANAGERS LIMITED



4. Full name of shareholder(s) (if different from 3.) :

.................



5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

N/A



6. Date on which issuer notified:

20 MARCH 2007



7. Threshold(s) that is/are crossed or reached:

6%



8. Notified details:

N/A



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE

                                  Number of shares                   Number of voting Rights

GG00B1DVQL92                      3895000                            3895000
                                                        




Resulting situation after the triggering transaction


Class/type of shares if      Number of shares         Number of voting rights           % of voting rights
possible using the ISIN CODE

                             Direct                   Direct       Indirect             Direct      Indirect

                             3895000                  3895000                           6.96%
                                                      






B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.








Total (A+B)
Number of voting rights        % of voting rights

3895000                        6.96%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

.................



Proxy Voting:



10. Name of the proxy holder:

.................



11. Number of voting rights proxy holder will cease to hold:

.................



12. Date on which proxy holder will cease to hold voting rights:

.................



13. Additional information:

.................



14. Contact name:

.................



15. Contact telephone number:

.................



ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES



A:   Identity of the person or legal entity subject to the notification
obligation



Full name (including legal form for legal entities)

PREMIER FUND MANAGERS LIMITED



Contact address (registered office for legal entities)       Eastgate Court


                       High Street
                       Guildford
                       Surrey  GU1 3DE


Phone number           O1483 306090



Other useful information                See Below





B:   Identity of the notifier, if applicable



Full name (including legal form for legal entities) Mark Boswell



Contact address (registered office for legal entities)       

                       Eastgate Court
                       High Street
                       Guildford
                       Surrey  GU1 3DE



Phone number           O1483 306090



Other useful information

                        For and on behalf of
                        Premier Fund
                        Managers Limited
                        Compliance Department



C:   Additional information

















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