Issue of Equity

7.00am 10 November 2010

Vipera PLC

("Vipera" or "the Company")

Issue of Equity

Further to the announcement made on Monday 8 November 2010, Vipera announces today that it has concluded a placing to raise £1,000,000 before expenses. The money being raised will provide additional working capital for the Group to take advantage of the increasing opportunities which are becoming available.

Accordingly, the Company has today allotted a total of 11,764,701 new ordinary shares ("the Placing") at a price of 8.5p ("the Placing Shares"). The Placing Shares have been issued together with warrants which entitle the holders to subscribe in total for a further 1,176,473 new ordinary shares at a price of 8.5p per new ordinary share at any time until 9 November 2013.

Subscribers to 10,352,937 new Ordinary Shares have agreed to a lock-in of 12 months from the date of issue.

As part of the placing, family interests of Petter Neby, a 25.3% shareholder in the issued share capital of the Company, have subscribed for a further 2,941,176 Ordinary Shares. As Petter Neby is a 25.3% shareholder this is a Related Party Transactions in accordance with the AIM Rules. Accordingly, the Directors, having consulted with Beaumont Cornish Limited, the Company's Nominated Advisor, consider the terms of the transaction to be fair and reasonable insofar as the shareholders of the Company are concerned. As a result of this subscription Petter Neby is beneficially interested in 32,698,608 Ordinary Shares representing 25.21% of the Company's enlarged issued share capital.

The new ordinary shares rank pari passu with the existing ordinary shares and application has been made for 11,764,701 new ordinary shares to be admitted to AIM with trading expected to commence on 11 November 2010.

The following Directors have subscribed for shares in the Placing:

* at 8.5p including warrants previously granted.

In addition, the Company has issued and allotted 352,941 new Ordinary Shares in lieu of placing commissions ('Commission Shares') which will rank pari passu with existing Ordinary Shares. Application will be made for these new Ordinary Shares to be admitted to AIM and trading is expected to commence on 16 November 2010.

Following the Placing and issue of the Commission Shares the total number of ordinary shares in issue will be 129,727,159 with warrants outstanding to subscribe for a further 5,996,812 new ordinary shares.

For further information, please contact:

Vipera Plc:

Marco Casartelli Tel: +39 02 7214 2424

Roger Mitchell Tel: +39 02 7214 2424

Martin Perrin Tel: 07785 505 337

Beaumont Cornish Limited:

Roland Cornish Tel: 0207 628 3396

James Biddle Tel: 0207 628 3396

Daniel Stewart & Company Plc

Colin Rowbury Tel: 0207 776 6550