Transfer of Shares

30 July 2010

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

Transfer of Shares from Reg S Line (PHRM) to Unrestricted Line (PHRX)

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

The transfers are expected to take effect from 5 August 2010.

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

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

Common Shares of

$0.001 each PHRM PHRX 17,000

 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 17,683,305 will be in the restricted line, trading under PHRM, and 796,602 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 5 August 2010.

For Enquiries

Phorm, Inc. +44 20 7297 2433

Sarah Simon

Citigate Dewe Rogerson +44 20 7638 9571

Justin Griffiths

Michael Berryman

Canaccord Genuity Limited +44 20 7050 6500

Mark Williams

Andrew Chubb

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