Eden News

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that Ken Brooks, Non-Executive Director, has given notice of his intention to retire from the Board at the Company's AGM in June later this year. Ken, who is 58, is seeking to reduce his time commitments and remains a supportive Eden shareholder and advisor.

Sean Smith, Chief Executive Officer of Eden, said: "On behalf of the Board I would like to thank Ken for his contribution to Eden over the last 19 years. We are at a turning point for the Company as we move closer to EU southern zone approval for 3AEY and see more and more of our partners moving towards the commercial launch of products using our patented technologies. I am extremely grateful for all Ken's efforts in getting us to this critical point, and I look forward to continuing to work with him as a member of the Board through the first half of this year as we continue our progress on the transformation of Eden from pre-revenue to post commercialisation."

Enquiries:

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has commented on the draft Registration Report from the regulatory authorities in Malta in relation to its review of the application for the authorisation of 3AEY, Eden's agrochemical product which is used to tackle botrytis, a fungal disease affecting many plants, including grapes.

The Company has provided comprehensive responses to points raised by the Maltese authorities. The Maltese authorities will next collate all comments received and then advise Eden whether or not all of the information that has been submitted by Eden is sufficient for authorisation of 3AEY. Once authorisation has been given by Malta, the remaining Southern EU zone member states will have 120 days in which to issue their authorisations. Eden, its advisors and its licensees fully expect authorisation in due course, following the processes and requirements of the regulatory authorities.

Sean Smith, Chief Executive Officer of Eden, said: "Whilst the process for registering plant protection products in Europe is onerous and lengthy, particularly given the low risk nature of 3AEY, it is designed to protect the environment and consumers and will ultimately lead to Eden and its partners, such as Sipcam and Sumi Agro France, having a strong competitive position in the market, resulting in royalties to Eden.

"Our partners understand these processes very well and are clearly comfortable with our progress, hence the recently-announced licence agreements and further deals which we expect to announce in due course. Furthermore, we are leveraging our partners' expertise and strengths to help secure final regulatory authorisation for 3AEY as quickly as possible."

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has signed an exclusive Licence Agreement with Sumi Agro France SAS ("Sumi Agro") to sell 3AEY, an Eden-developed plant protection product in France. In addition, Sumi Agro will have the right to trial, register, develop and sell certain other plant protection products for use in France using Eden's natural encapsulation technology, GO-E Inside™.

The Licence Agreement, which lasts for 20 years, covers the use of 3AEY in a number of agricultural applications and the initial targeted use will be on grapes for control of Botrytis, a fungus that affects many plants and is a major concern across Europe.

This follows the news announced on 21 November 2014 that Eden signed an exclusive Licence Agreement with Sipcam Italia Spa and Sipcam Iberia to sell 3AEY in Italy and Spain, respectively.

Under the terms of the agreement, Eden will receive an upfront payment followed by a number of milestone payments relating to the approval of the product by the EU, which is expected in spring 2015, and sales targets. Eden will also receive ongoing royalty payments based on product sales.

Sean Smith, Chief Executive Officer of Eden, said: "France is a well-known grape growing country where the market for Botryticides is, historically, the largest in the world. Ensuring that we have the right partner which is able to fully exploit the opportunities for effective products such as 3AEY in this market is, therefore, critical. We strongly believe that SUMIAGRO France is that partner and expect that Eden will benefit greatly from the weight that their name and expertise carries in France.

Beyond this agreement and 3AEY, we look forward to developing other product opportunities with Sumi Agro France as well as with affiliated Sumitomo Corporation companies. "

Antoine Meyer, President of Sumi Agro, said: "We fully recognize that, with 3AEY, Eden's technology is clearly an innovative BioControl answer to vineyard growers looking to satisfy their workers' concerns and consumers' demand: 3AEY botryticide provides distributors and growers with a new tool adapted to modern and increasingly sustainable farming.

This agreement expresses our Sumi Agro commitment to invest in modern crop protection solutions based on conventional as well as BioControl tools."

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with both natural and synthetic hydrophobic compounds. The technology uses yeast cells that are a by-product of numerous commercial production processes to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property and seeking regulatory approval for products that rely upon the Company's technologies. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, gaining regulatory approvals, identifying suitable industrial partners, and entering into licence agreements.

In May of 2013, the three actives that comprise Eden's first commercial product, 3AEY, were approved as new ingredients for use in plant protection products. This represents a major milestone in the commercialisation of Eden's technology and is a significant accomplishment for any company. To illustrate this point, one should note that in all of 2013, Eden's approvals represented 3 of only 10 new active ingredients approved by the EC.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com

Sumi Agro France is a European affiliated company of the Japanese SUMITOMO CORPORATION group, one of the largest trading house in the World. In 2012, Sumi Agro and Sipcam signed an alliance, creating a common platform for the development, marketing and distribution of products for Agriculture, covering all European markets.

Thanks to its closed relationship with numerous corporations, not only in Asia, but everywhere in the World, Sumi Agro has a continuous access to new active ingredients and technologies.

Sumi Agro built solutions for an efficient crop protection, economically relevant and consistent with a Sustainable Agriculture, respecting the Environment and able to supply quality food for all.

Sumi Agro is a member of ECPA / UIPP and IBMA associations.

For more information about SUMI AGRO, please visit www.sumiagro.fr - www.sumiagro.com

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has converted £2,295,192 being all of the loans of the Company at the date of this announcement, together with accrued interest and finance charges relating to the loans, into 20,865,382 new  ordinary shares in the Company at a price of 11p per share.

Following this debt conversion, and once the shares have been admitted to trading on AiM, the number of shares in issue will be 154,142,880. Application will be made for the new ordinary shares to be admitted to AIM and we expect dealings to begin with effect from Thursday 4 December.

Sean Smith, Chief Executive Officer of Eden, said: “I am very pleased to report that the Company is now debt free and this, together with the recent placing which raised an additional £750,000 to fund continued development of our proprietary encapsulation technology, means that we are moving forward on a very firm footing, and we look to the future with great confidence.

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden’s encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with both natural and synthetic hydrophobic compounds. The technology uses yeast cells that are a by-product of numerous commercial production processes to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden’s platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property and seeking regulatory approval for products that rely upon the Company’s technologies. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, gaining regulatory approvals, identifying suitable industrial partners, and entering into licence agreements. 

In May of 2013, the three actives that comprise Eden’s first commercial product, 3AEY, were approved as new ingredients for use in plant protection products.  This represents a major milestone in the commercialisation of Eden’s technology and is a significant accomplishment for any company.  To illustrate this point, one should note that in all of 2013, Eden’s approvals represented 3 of only 10 new active ingredients approved by the EC.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com 

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has raised £750,000 before expenses through a placing of 10 million new ordinary shares of 1p each at a price of 7.5p per ordinary share ("the Placing").

The Placing is to provide additional working capital to fund the Company's commercialisation of its suite of products using plant terpenes and its proprietary encapsulation technology.

Application will be made for the new ordinary shares to be admitted to AIM and it is expected that admission will take place and trading in the new ordinary shares will commence on 28 November 2014.

Tom Lupton, Chairman and Ken Brooks, deputy Chairman, are participating in the Placing through the subscription by each of them of 333,333 new ordinary shares at the Placing price.

The directors (apart from Tom Lupton and Ken Brooks) having consulted with WH Ireland, confirm their opinion that the terms of the transaction are fair and reasonable insofar its shareholders are concerned.

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces its interim results for the six months ended 30 June 2014.

Operational highlights

• Data Access Licence and Royalty Agreement signed with Daymsa
• First commercial launch of products using Eden's GO-E™ technology in the biocides sector
• Three further grants of patents strengthening Eden's Intellectual Property portfolio
• Confirmation of Completeness-Check for dossier submitted to gain approval for lead plant protection product, 3AEY, using the Company's three EU approved active substances

Financial highlights

• Revenue for the period of £0.02m (H1 2013: £0.05m
• Operating Loss for the period, excluding amortization and share based payments, of £0.55m (H1 2013: £0.4m)Administrative expenses £0.57m (H1 2013: £0.45m)
• Cash at bank £0.08m (H1 2013: £0.40m)

Tom Lupton, Non-executive Chairman, said:

"The Operational Highlights above show the traction that Eden is rapidly gaining as it heads towards significant commercialization of products using its proprietary GO-E technology. As part of this progress, I am pleased to reiterate that, since the reporting period, Eden has strengthened its management team with the appointment of Sean Smith as Chief Executive Officer. Sean's experience in intellectual property, speciality chemicals and industrial biotechnology will, I believe, be very valuable to Eden as it advances into its next commercial phase.

"In addition to Sean's appointment, since the half year Eden announced that it has signed an exclusive evaluation agreement with Belgian speciality chemicals company Taminco BVBA for our nematicide product "B2Y". This is a potentially significant deal for Eden and is the first of a number of commercial arrangements which Eden expects to announce in the second half of 2014 in addition to news on the first EU approval of 3AEY, which will pave the way to further contractual milestone payments and royalties."

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that its Greece based licence partner, Redestos S.A ('Redestos'), has carried out successful pre-launch trials on grapes using Eden's plant protection product, 3AEY, which uses low-risk active ingredients and Eden's natural encapsulation technology, GO-E Inside™, to combat botrytis, a fungus that affects many plants and is a major concern for grape producers and vineyards.

The trials have been carried out in advance of completion of the EU regulatory process which is expected in spring 2015, and mark the early stages of preparation for commercial launch in Greece and sales of products containing Eden's active ingredients and technology. The work reinforces the results seen in Eden's regulatory trials across the southern Mediterranean zone where 3AEY showed comparable disease control to conventional synthetic products.

Eden entered into a Licence Agreement with Redestos in 2006 to develop and commercialise agricultural products to treat botrytis in grapes which will be sold in Greece and the Balkan states. The results of the trials have shown that the product is effective against botrytis, including when infestation has already occurred, and that it did not cause any phytotoxicity issue, i.e. the discolouring of the grapes.

Sean Smith, Chief Executive Officer of Eden, said: "We are delighted that our technology has stood up to the rigorous testing that our partners in Greece have subjected it to and that testing is taking place now, ahead of the completion of EU regulatory approval for our product, 3AEY, as this will allow Redestos to move to commercial launch shortly after we receive final approval."

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that the Norwegian Patent Office has formally granted a patent (number 334975) for its platform encapsulation technology.

The Patent, number 334975, which expires in 2025, relates specifically to "compositions containing a hollow glucan particle or a cell wall particle encapsulating a terpene component, methods of making and using them."

The patent is owned outright by Eden and is already granted elsewhere in Europe and also New Zealand, Australia, China, Mexico, Singapore, the Philippines, South Africa and across a number of designated African states covered by the African Regional Intellectual Property Organisation (ARIPO).

Sean Smith, Chief Executive Officer, said: “I am pleased to report that Eden has successfully secured the patent in Norway which further strengthens our growing intellectual property portfolio. Every time a patent is granted for Eden, the inherent value of the business increases while at the same time it validates the technologies and, therefore, products that Eden has to offer. This is why events such as these are important to the success of the Company and its licensees and also valuable to shareholders.”

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden’s encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with both natural and synthetic hydrophobic compounds. The technology uses yeast cells that are a by-product of numerous commercial production processes to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden’s platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property and seeking regulatory approval for products that rely upon the Company’s technologies. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, gaining regulatory approvals, identifying suitable industrial partners, and entering into licence agreements. 

In May of 2013, the three actives that comprise Eden’s first commercial product, 3AEY, were approved as new ingredients for use in plant protection products.  This represents a major milestone in the commercialisation of Eden’s technology and is a significant accomplishment for any company.  To illustrate this point, one should note that in all of 2013, Eden’s approvals represented 3 of only 10 new active ingredients approved by the EC.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com 

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces the appointment of Sean M. Smith as Chief Executive Officer of Eden, with effect from 1 September 2014. At the same time, Ken Brooks, currently Executive Deputy Chairman will become Non-Executive Director and Clive Newitt, Managing Director, will become Business Development Director.

Mr Smith has extensive experience as an international business leader with a record of success and career progression over 25 years within large corporate and start-up environments. Mr Smith joins Eden Research from Intellectual Ventures having been Head of Europe, Innovation Advisor within its Invention Development Fund. Intellectual Ventures collaborates with leading inventors, partners with pioneering companies and invests both expertise and capital in the process of invention. Sean was responsible for the Invention Development Fund's efforts in Europe and secured deals across multiple channels and technology areas.

Between January 2012 and December 2013, Mr Smith was CEO for MatOx Group, a group of companies that develop and commercialise new materials technologies. During his time at MatOx, Mr Smith secured multiple high-value, long term technology commercialisation contracts, secured substantial non-dilutive funding commitments and agreed terms for the investment of up to €1.65m from US and European private equity and venture capital investors.

Mr Smith has an in-depth knowledge of the speciality chemical and biotechnology sectors Eden works in having led life sciences technology commercialisation at Bath Ventures (The University of Bath) and previously leading Ciba's business development activities in the area of bioprotection. He obtained his Bachelor of Arts (Honours) degree from the University of Kansas in Microbiology.

Tom Lupton, Non-Executive Chairman of Eden Research, said: "The restructuring of the Board and Sean's appointment as Chief Executive comes at a key inflection point for the business. In recent months we have seen the products using Eden's GO-E™ technology sold to customers for the first time and with the huge progress that has been made in gaining EU approval for the first plant protection products using our key active substances, Eden is poised to become a commercially active business with a wide range of revenue streams.

"We know we still have more to do and the opportunities available for our natural encapsulation GO-E™ technology are numerous. It is with great confidence that we look forward to taking advantage of these opportunities and benefitting from Sean's wealth of experience in leadership, corporate development, project management, as well as intellectual property licensing."

Additional information:

Mr Sean Michael Smith, aged 47, is currently a director, or has held directorships at the following companies during the previous five years:

Mr Smith holds no shares in Eden Research Plc, but as part of his remuneration package has been granted the following conditional shares options:

At any point after the first six months' service Mr Smith will also be entitled to share options over a further 1,000,000 shares at three times the opening offer price on 1 September 2014.

The options will be valid for three years while Mr Smith remains in Eden's employment or for three months after leaving Eden's employment (after the six month probation period has been satisfactorily completed).

There is no further information to be disclosed under Schedule 2(g) and Rule 17 of the AIM rules in respect of Mr Smith's appointment as Chief Executive Officer.

Directors' Share Options

The share options below, which lapsed on 19 May 2014, have been reinstated with effect from the 14 August 2014 at an exercise price of 10 pence and with an expiry date of 19 May 2019.

The grant of share options to directors is a related party transaction. The Directors who include the Chairman (who is not participating in the transaction and who chairs the Remuneration Committee) have consulted with the Company's Nominated Adviser, W H Ireland Ltd, and having done so, consider the transaction to be fair and reasonable and in the interests of shareholders.

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com 

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has signed an exclusive evaluation agreement ("Agreement") with Belgian speciality chemicals expert, Taminco BVBA ("Taminco").

The Agreement grants Taminco the right to evaluate Eden's nematicide product for crop protection uses until 31 December 2014. It is anticipated, in case of a successful evaluation and if a profitable business case can be made, that Eden and Taminco will negotiate a global licensing arrangement to allow the commercialisation of the nematicide product which is expected to use Eden's active ingredients and GO-E Inside™, Eden's natural encapsulation technology.

Clive Newitt, Managing Director of Eden, said: "The market for nematicides is worth around $1 billion per year at grower level and, in recent years, has seen a significant number of effective products being removed from sale due to their risk  profiles. Eden has created an effective, natural alternative to replace some of these products' uses which we believe Taminco will be able to commercialise alongside their existing soil fumigant business in order to fully exploit this opportunity."

Notes:

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

For more information about Eden, please visit www.edenresearch.com

This document contains statements that may constitute forward-looking statements. A variety of factors, many of which are beyond Taminco's or Eden's control could cause the actual developments to be materially different from any developments that may be expressed or implied by such forward-looking statements.

Taminco and Eden neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.