Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

ARK THERAPEUTICS GROUP PLC

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Transfer of voting rights

3. Full name of person(s) subject to the notification obligation:

 Aberforth Partners LLP

4. Full name of shareholder(s) (if different from 3.):

 Shareholder Shares

1. Aberforth Smaller Companies Trust plc 15,257,825

2. Aberforth UK Small Companies Fund 6,711,255

All shares are registered in the name of Nortrust Nominees Ltd A/c Aberfrth

5. Date of the transaction and date on which the threshold is crossed or reached:

15 March 2010

6. Date on which issuer notified:

15 March 2010

7. Threshold(s) that is/are crossed or reached:

11%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Indirect

Direct

Indirect

 Ordinary

GB0034251727

24,822,290

24,822,290

21,969,080

 N/A

21,969,080

 N/A

10.52%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

 N/A

 N/A

 N/A

 N/A

 N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

 N/A

 N/A

 N/A

 N/A

 N/A

Nominal

Delta

 N/A

 N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

21,969,080

10.52%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

 Held by Aberforth Partners LLP

Proxy Voting:

10. Name of the proxy holder:

 N/A

11. Number of voting rights proxy holder will cease to hold:

 N/A

12. Date on which proxy holder will cease to hold voting rights:

 N/A

13. Additional information:

The voting rights attached to shares beneficially held by The Church Commissioners for England ("Church") were transferred to Church with effect from 15 March 2010. Aberforth Partners LLP continue to manage funds for the Church on a discretionary basis.

14. Contact name:

 Pauline Robson, Aberforth Partners LLP

15. Contact telephone number:

 0131 220 0733