Result of EGM

    RNS Number : 6273V
  Cobra Bio-Manufacturing PLC
  30 May 2008
   

 For Immediate Release  30 May 2008


    Cobra Biomanufacturing Plc

    ("Cobra" or the "Company")

    Result of Extraordinary General Meeting

    The Company is pleased to announce that all of the resolutions proposed at the Company's extraordinary general meeting held on 30 May
2008 were duly passed.

    Following the passing of all the resolutions the Concert Party (consisting of Mark and Diane Dixon) will hold 19,450,000 (43.87%) New
Ordinary Shares following the Placing and Reorganisation of the Company's share capital. The Company expects the New Ordinary Shares to be
admitted to trading and the share capital to be reorganised on or shortly after 05 June 2008.

    The Company also confirms that following the Placing, Peter Fothergill, will become Non Executive Chairman and Simon Saxby will become
Chief Executive. 

    For the avoidance of doubt all capitalised terms have the same meaning as those defined in the EGM Circular dated 06 May 2008. The EGM
Circular is available via the Company's website at www.cobrabio.com under Investor Relations/AIM Rule 26/Public Documents.

    For further information, please contact:
 Cobra Biomanufacturing Plc                Tel: [phone]
 Peter Fothergill, Chairman
 Peter Coleman, CFO and Company Secretary
  
 Buchanan Communications                   Tel: [phone]
 Tim Anderson/Rebecca Skye Dietrich 
  
 Seymour Pierce Ltd                        Tel: [phone]
 Stuart Lane / Roger Clement 




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