For Immediate Release

Tuesday, September 26

PharmaZen appoints new director

Ken Fergus has been appointed to the board of biotechnology company PharmaZen. Currently a director of a number of substantial private companies in the manufacturing, property and service sectors, he was a partner in Ernst & Young and its antecedent firms from January 1978 to June 2006. His directorships include Kawarau Jet Services (chairman), McCrane Management Group (Queenstown property), De Haan Ltd (inbound tourism), Otago Trust Ltd (finance company). He replaces David Smallbone, who has retired.

ENDS