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BPH ENERGY LTD Capital/Financing Update 2007

Jul 26, 2007

64555_rns_2007-07-26_c901d908-236c-46f1-9dad-e339cd7c9691.pdf

Capital/Financing Update

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27[th] July 2007

Companies Announcements Office Australian Stock Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

RE: COMPLETION OF SHAREHOLDER SHARE PURCHASE PLAN

BioPharmica is pleased to confirm the completion of its Shareholder Share Purchase Plan on 23[rd] July 2007 which successfully raised $898,200.

Application for listing to ASX of the 4,491,000 shares issued will be made and notifications to shareholders will be completed within the next two days.

Yours Sincerely

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David Breeze Managing Director

BioPharmica Limited ACN 95 912 002 PO Box 317, North Perth 6906, Western Australia 14 View Street, North Perth, Western Australia 6006 [email protected] www.biopharmica.com.au

T: +61 8 9328 8366 F: +61 8 9328 8733