Correction: Director's Declaration

    RNS Number : 0137J
  Phynova Group PLC
  26 November 2008
   

    The following announcement replaces the announcement released at 16.28 on 
25 November 2008 under RNS number 9184I. 

    26 November 2008

    Phynova Group PLC
    ("Phynova" or the "Company")

    Director's declaration

    The Company announces that it has been advised by John Pool, Executive Chairman of the Company, pursuant to Rule 17 and Schedule 2 (g)
sub-paragraph (v) of the AIM Rules, that a provisional liquidator was appointed in respect of Pleiad Group Limited ("Pleiad") on 17 July
2007.

    Mr Pool was appointed as a director of Pleiad on 20 September 2005 and resigned as a director on 1 April 2007. A winding up order in
respect of Pleiad was made by the Scottish Courts on 10 August 2007. The Company has been informed by Mr Pool that the principal creditor of
Pleiad was the bank with which its principal credit facility was held and that this facility was subsequently repaid in full by another
group company based in the US.

    In addition, Mr Pool was appointed as a director of IDMoS plc ("IDMoS") on 26 August 2004. IDMoS was placed into administration on 16
April 2008. The administration has not yet been concluded and according to the administrator, it is estimated that total ordinary claims
will be in the region of £450,000.

    For further information, please contact: 

 Phynova Group PLC                Tel: [phone]
 John Pool (Executive Chairman)

 John East & Partners Limited    Tel: [phone]
 John East/Bidhi Bhoma

 Capital MS&L                    Tel: [phone]
 Mary Clark/Anna Mitchell



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