Update on Cellcast Asia Holdings

14 October 2011

Cellcast plc

("Cellcast", or the "Group")

Update on Cellcast Asia Holdings

The Board of Cellcast plc (AIM: CLTV) are pleased to announce that the Group has finalised agreements with its associate company, Cellcast Asia Holdings' ("CAH"), for CAH to buy back 3,221,555 shares in CAH from Cellcast for a consideration of US$1.5m, further details of which were contained in the Group's interim results announced on 30 September 2011.

In addition, CAH's investors have agreed with to terminate their put right over the Series A Preferred Stock in CAH, details of which were announced by Cellcast on 21 August 2007.

For further information: