Transfer of Shares

20 October 2011

Phorm, Inc. ("Phorm" or the "Company")

Transfer of Shares

Phorm, Inc., (AIM: PHRX and PHRM), today announces that the Company has applied to AIM for the following shares to be transferred from the unrestricted line, trading under PHRX, to the restricted line, trading under PHRM, and from the restricted line, trading under PHRM to the unrestricted line, trading under PHRX.

The transfers are expected to take effect from 21 October 2011.

Description of Security Old Ticker Symbol New Ticker Symbol No. of Shares

----------------------------- ------------------------ ------------------------- -----------------

Common Shares of

$0.001 each PHRX PHRM 95,487

Common Shares of

$0.001 each PHRM PHRX 35,100

Following the transfer of these shares the Company still has a total of 18,479,907 issued and outstanding Common Shares trading on AIM, of which 17,642,956 will be in the restricted line, trading under PHRM, and 836,951 in the unrestricted line, trading under PHRX. 45,000 of the aforementioned PHRM Common Shares are held in treasury.

No new shares have been issued and dealings in the shares under the new ticker symbols are expected to commence on 21 October 2011.

For Enquiries

Phorm, Inc.

Andy Croxson (analysts & investors) +44 20 7297 2326

Alex Laity (media) +44 20 7297 2710

Canaccord Genuity Limited +44 20 7050 6500

(Nominated Advisor)

Mark Williams

Andrew Chubb

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