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Lipoxen PLC (XEN)

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Tuesday 28 March, 2006

Lipoxen PLC

Issuance of Shares

Lipoxen PLC
28 March 2006

                          LIPOXEN PLC (the 'Company')
                               Issuance of Shares

The Company has issued 800,000 ordinary shares of 0.01p each to T Hoare Nominees
Limited pursuant to the partial exercise of warrants granted by the Company to
Canaccord Adams (formerly known as Canaccord Capital (Europe) Limited) on 22
December 2005. The new ordinary shares will rank pari passu in all respects with
the existing issued ordinary share capital of the Company.

Application has been made to the London Stock Exchange for these shares to be
admitted to trading on AIM and admission to is expected to become effective on
31 March 2006.

                      This information is provided by RNS
            The company news service from the London Stock Exchange