Transfer of Shares

16 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 applied to AIM for the following shares to be transferred from the Reg S, restricted line, trading under PHRM, to the unrestricted line, trading under PHRX.

The transfers are expected to take effect from 22 July 2010.

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

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

Common Shares of

$0.001 each PHRM PHRX 5,000

No new shares have been issued. Following the transfer of these shares the Company still has a total of 18,479,907 issued and outstanding Common Shares. Following the transfer 17,700,305 are trading on AIM under the ticker PHRM, the Reg S line and 779,602 are trading on AIM under the ticker PHRX, the Unrestricted Line. 45,000 of the aforementioned PHRM Common Shares are held in treasury.

Dealings in the shares under the new ticker symbols will commence on 22 July 2010.

For Enquiries

Phorm, Inc. +44 20 7297 2433

Sarah Simon

Citigate Dewe Rogerson +44 20 7638 9571

Simon Rigby

Justin Griffiths

Canaccord Genuity Limited +44 20 7050 6500

Mark Williams

Andrew Chubb

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