The Manager

Company Announcements Office

The Australian Stock Exchange Limited

Dear Sir

Re:     Nestlé Nutrition enters commercial discussions with Phosphagenics

Phosphagenics Ltd (“Phosphagenics”) (ASX Code: POH) (AIM Code: PSG) announced today that Nestlé Nutrition has exercised its option to finalise the existing commercial agreement to use Phospha-E® for the treatment and prevention of metabolic syndrome.

Under the terms of the option agreement, both parties must consent to all public announcements, and further details will be released once Phosphagenics has received Nestle Nutrition’s consent.

Yours faithfully
Phosphagenics Limited



per Mourice Garbutt
Company Secretary

Contact details: 

Mr Harry Rosen

Phosphagenics Ltd

Managing Director

+61 3 9605 5900 or +61 (0)421 322 757