Revolymer Ltd - Announces £2m funding; expands management team

Mostyn, Wales Revolymer Ltd ("Revolymer" or the "Company"), a rapidly growing polymer technology company, today announced the completion of a £2m financing led by Swarraton Partners with co-investors Top Technology Ventures, the venture capital subsidiary of IP Group plc ( "IP Group"), IP Venture Fund, IP Group's new venture capital fund and the management team. Revolymer will use the proceeds to continue development of its proprietary polymers in detergents, coatings and drug delivery.

Revolymer is also pleased to announce the appointment of Stephen Brooke, Managing Partner of Swarraton Partners, as a non-executive director of the Company as well as the expansion of its management team with Dr Matthew Leach joining as Development Director and responsible for Revolymer's technology centre in Mostyn.

As part of this financing round, the Company reached a key milestone and the intellectual property licensed from The University of Bristol will be assigned to the Company. The Company will continue to invest in research at the University which it considers as a key part of its development. Revolymer obtained seed funding in February 2006 with investments from IP Group and SULIS.

Roger Pettman, Chairman and Chief Executive Officer of Revolymer, said: “I am delighted that Swarraton has joined the Company and welcome Stephen Brooke to our Board of Directors where he will be a valuable asset in helping the Company move forward through its commercialisation process. Our continued support from IP Group, who have been strong supporters of the Company with Top Technology co-investing, is a vote of confidence in the management team and we are delighted to continue our close collaboration with IP Group.”

Stephen Brooke, Managing Partner of Swarraton Partners, said: “I have been following the Company for some time and was impressed with the speed with which it has moved from developing technology to developing products. I am excited about working with the Revolymer team and see this round of financing taking Revolymer to the next level in terms of commercialising its products and building out the business.”