9 June 2010

Radicle Projects plc

("Radicle" or the "Company")

Trading Update

Radicle Projects, the AIM quoted UK company which owns and operates Australian agribusiness assets, has today confirmed that the deferred coupon payment due on the 30 June 2010 in respect of Series A Convertible Loan Note (XS0305254939) (the "Loan Note") amounting to £1.208 million has now been paid to bondholders for value 8 June 2010 following a noteholder committee resolution.

As announced on 14 January 2010, Radicle had completed a restructuring of the Loan Note following approval by noteholders.  As part of the restructuring the coupon interest payment due in December 2009 was deferred until 30 June 2010.  The next coupon interest payment will be reduced to approximately £816,000 following the Loan Note restructuring, and is due on 31 December 2010.

The Board can also report that the company reorganisation and operating cost reductions has resulted in a significant reduction in cash outgoings.  Nevertheless certain of the Company's assets continue to require on-going funding and the Company therefore remains cashflow negative.  Further asset sales will be required to continue to finance the Company's operations and Radicle expects to be in a position to announce shortly the further sale of certain assets as part of the restructuring programme.

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