Radicle Projects PLC

("Radicle" and the "Company")

Issue of Equity

On 15 December 2009, the Company announced that it had raised £822,000, before expenses, by way of a placing of 27,400,000 new ordinary shares at 3 pence per share. Amstel Securities N.V. acted as financial advisor to the placing and pursuant to the engagement letter for the services provided is due 5,000,000 ordinary shares in lieu of fees paid in cash.

As a result application has been made for 5,000,000 ordinary shares of 3 pence each in the Company to be admitted to trading on AIM on Wednesday 3 February 2010. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company.

Following the admission of the new ordinary shares, the Company's issued share capital will consist of 56,673,971 ordinary shares of 3 pence each, with voting rights.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Radicle, under the Disclosure and Transparency Rules.

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