Loan Conversion

RNS Number : 8726D
Zyzygy PLC
19 September 2008

Zyzygy plc ("Zyzygy" or the "Company")
Loan conversion
The directors of Zyzygy today announce that they have issued a total of 62,500,000 Ordinary Shares of 0.1p each ("Ordinary Shares") at a
price of 0.12p per share.

The shares have been issued to Jemima Hoskins in settlement of monies owed to her by the Company. As a result of the issue of these
shares, Zyzygy will have 1,054,158,658 Ordinary Shares in issue with voting rights. The Company holds no shares in treasury. Mrs Hoskins'
holding of 62,500,000 shares represents 5.9 per cent. of the Company's total voting rights

Application has been made for the shares to be admitted to trading on AIM with admission expected to take place on 24 September 2008.

By virtue of the size of the placing and because of Mrs Hoskins' connection with Billam AG, which is a substantial shareholder in the
Company, this placing falls to be disclosed as a related party transaction under Rule 13 of the AIM Rules for Companies. The Zyzygy
directors, having consulted with the Company's nominated adviser, consider that the terms of the transaction are fair and reasonable insofar
as its shareholders are concerned.

Contact:

Zyzygy plc
Duncan Lipscombe (Chairman)
07775 681648

Grant Thornton Corporate Finance
Philip Secrett/Colin Aaronson
020 7383 5100

This information is provided by RNS
The company news service from the London Stock Exchange

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