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Vastox Awarded £400,000 Grant to Support R&D at,Carbohydrate Chemistry Facility

OXFORD, England, 20 June 2007 - VASTox plc (AIM: VOX), a leading UK biotechnology company, announces that it has been awarded a grant of £400,000 by the Welsh Development Agency (”WDA”) under the SMARTCymru scheme. The grant, which runs for 12 months, will support the research and development work undertaken at VASTox’s Aberystwyth facility and provides recognition of the unique skills and expertise of its scientists based there.

The research facility in Wales forms a key part of VASTox's world-leading carbohydrate chemistry technology platform, which also comprises its specialist carbohydrate chemistry subsidiary, Dextra Laboratories, based in Reading. The research at Aberystwyth identifies naturally occurring biologically-active carbohydrate compounds with which VASTox has built a library of unique drug-like molecules. This library is expected to provide the Company with opportunities to create new drug programmes across a broad range of therapeutic areas thereby fuelling its drug pipeline.

Steven Lee, PhD, CEO of VASTox added: "VASTox seeks to find different sources of funding to strengthen the business and the award of this sizeable grant by the WDA is illustrative of this. The grant will support both the infrastructure and R&D undertaken at our Aberystwyth site, which is an integral part of our world-leading carbohydrate chemistry technology platform and commercial offering."

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For more information please contact:

VASTox Steven Lee, PhD, Chief Executive Officer Darren Millington ACMA, Chief Financial Officer Tel: +44 (0)1235 443951

Citigate Dewe Rogerson Mark Swallow / David Dible / Valerie Auffray Tel: +44 (0)207 638 9571 Evolution Securities Tim Worlledge / Bobbie Hilliam / Neil Elliot Tel: +44 (0)207 7071 4300

About SMARTCymru

SMARTCymru is a research and development (R&D) scheme to assist new product a
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