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Phorm, Inc. ("Phorm" or the "Company")

Transfer of Shares from Unrestricted Line (PHRX) to Reg S Line (PHRM) 

Phorm, Inc., (AIM: PHRX and PHRM), today announces that the Company applied to AIM for the following shares to be transferred from the unrestricted line, trading under PHRX, to the Reg S line, trading under PHRM, and from the Reg S line, trading under PHRM to the unrestricted line, trading under PHRX. 

The transfers are expected to take effect from 8 January 2010.

Description of Security             Old Ticker Symbol                  New Ticker Symbol                          No. of Shares 

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Common Shares of 

$0.001 each                             PHRX                                 PHRM                         79,345

Common Shares of 

$0.001 each                             PHRM                                PHRX                          113,740

No new shares have been issued. Following the transfer of these shares the Company still has a total of 17,293,863 issued and outstanding Common Shares. Following the transfer 16,416,203 are trading on AIM under the ticker PHRM, the Reg S line and 832,660 are trading on AIM under the ticker PHRX, the Unrestricted Line.  A further 45,000 Common Shares are held in treasury.

Dealings in the shares under the new ticker symbols will commence on 8 January 2010.

For Enquiries

Phorm, Inc. +44 20 7297 2433

Sarah Simon 

Citigate Dewe Rogerson  +44 20 7638 9571

Simon Rigby

Justin Griffiths

Canaccord Adams Limited +44 20 7050 6500

Mark Williams

Andrew Chubb

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