Stmnt re Share Price Movement

VPhase plc

("VPhase" or the "Company" or the "Group")

Statement re. Share Price Movement

VPhase notes the movement today in its share price and announces that it is in the advanced stages of raising equity capital through a non pre-emptive placing of ordinary shares of 0.25p in the Company for cash (the "Placing").

Whilst the Company fully expects the Placing to be successful, in the event that it is not successful, the Company is unlikely to have sufficient funds for its present purposes and the directors will have to consider all options, which may result in little or no value for shareholders of the Company.

Further to the Company's preliminary results announcement dated 25 March 2013, and in line with recent reports in the press, there has been a noticeable slowdown in the demand for energy efficiency products as customers come to terms with the Green Deal and how it impacts them. This has had a short term impact on the Group's performance in the first five months and full year expectations are currently being reviewed.

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Notes to Editors:

About VPhase

VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.

The VPhase device:

- has been proven to save up to 12% off home electricity bills;

- is easily installed by a qualified electrician;

- does not require a change in lifestyle or electricity supplier;

- is low cost, with a typical payback of under 5 years;

- has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;

- can save up to 4.5 tonnes of CO2 over its 25+ year life;

- attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;

- is the next most affordable and effective green option for the home, after insulation.

The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as reducing the homes electricity bill, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.

Web: www.vphase.co.uk

Facebook: http://on.fb.me/cUBnek 

Twitter: www.twitter.com/vphase 

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YouTube: www.youtube.com/vphase