Regulatory News Item
Jan 20, 2011

Granting of option to subscribe for 14,000,000 (29.9%) New Ordinary Shares in Viridas

Viridas have yesterday granted, for £30,000 payable in three monthly instalments, a three Month option (the "Option") to a group of South African Investors (the "Investors") to subscribe for 14,000,000 new ordinary Viridas Shares at 1p per share (the "New Ordinary Shares") subject to obtaining the requisite shareholder approvals for the reorganisation of the Company's share capital to create new ordinary shares with a nominal value of 1p per share. It is the board's intention to recommend to the Viridas shareholders approval of the share reorganisation to allow exercise of the Option.

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