Amphion Innovations plc

Funding Update

London and New York, 30 January 2009 - Amphion Innovations plc (LSE: AMP) ('Amphion' or the 'Company'), the developer of medical and technology businesses, today announces that it has received a further subscription of £408,750 for the Convertible Promissory Note, first announced on 31 December 2008. This brings the total amount issued to £2,599,650 on the same terms as previously announced. 

For further information please contact

Amphion Innovations
Charlie Morgan
+1 212 210 6224

Cardew Group
Tim Robertson/ Jamie Milton/ Matthew Law
+44 20 7930 0777

Charles Stanley (Nominated Adviser)
Mark Taylor/ Freddy Crossley
+44 20 7149 6000

About Amphion Innovations plc

Amphion (LSE: AMP) builds shareholder value in high growth companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK. Amphion has significant shareholding in 8 Partner Companies, developing proven technologies targeting substantial commercial marketplaces, each in excess of $1 billion. Each Partner Company is chosen with the goal of achieving an exit valuation in excess of $100 million.

On the web: www.amphionplc.com