Statement re. Suspension

Reflexion Cosmetics PLC
29 July 2005


Reflexion Cosmetics plc (the 'Company')
Trading Update
29 July 2005


Since its shares began trading on AIM on 8 March 2004, the Company (AIM: RFX)
has investigated a number of potential acquisitions, none of which have
completed. This has given rise to a number of costs some of which were incurred
on a contingent basis.

The production of the Company's accounts has been delayed while certain issues
relating to these costs have been addressed. These are now resolved and it is
hoped that the accounts will be posted shortly but in the interim, the Company's
shares have been suspended from trading on AIM.

The Board continue to look for an acquisition and are encouraged by the number
of potential opportunities which it is considering. The Directors believe that
the Company can procure sufficient funding to complete a transaction, once a
suitable target has been identified.


Enquiries:

Tim Cofman, W.H. Ireland                               0121 616 2101
Mark Court, Buchanan Communications                    0207 466 5000


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