25 June 2010

Radicle Projects plc

("Radicle Projects" or the "Company")

Trading Update

Radicle Projects, the AIM quoted UK company which owns and operates Australian agribusiness assets, announced on 9 June 2010 that the Board was continuing with the restructuring of the Company to reduce its cash outgoings. The Company has made good progress in its endeavour to reduce its management and operating costs, however as previously announced certain of the Company's assets continue to require on-going funding and the Company therefore remains cashflow negative.

The Company can also report that it has been in on-going discussions with the holders of the Series A Convertible Loan Note (XS0305254939) (the "Note Holders") and following a meeting between the Company and the Note Holders, the Note Holders have agreed to release £200,000 from the trust account of the Series A Convertible Loan Note which will provide Radicle with sufficient working capital to meet its obligations as they fall due until at least early August 2010.  In addition, the Board continues to explore ways to restructure the Company so as to secure its future and thereby provide a long term solution for both shareholders and Note Holders, that will not only allow the Company to meet its obligations as they fall due but provide the platform from which to grow.

Further announcements will be made as and when appropriate.

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