BPH ENERGY LTD — Capital/Financing Update 2009

Sep 28, 2009

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29[th] September 2009

Companies Announcements Office Australian Securities 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 successful completion of its Shareholder Share Purchase Plan on 28[th] September 2009 which has raised $2,730,000.

The Shareholder Share Purchase Plan was 93% subscribed and the directors of BioPharmica would like to thank its shareholders for their continued support.

The discounted volume weighted average price was calculated at $0.1307 per share. Application for listing to the ASX of the 20,887,529 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, Western Australia 6906 14 View Street, North Perth, Western Australia 6006 admin@biopharmica.com.au www.biopharmica.com.au

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

t:- biopharmica ltd\announcements\2009\sspp closure announcement.doc

Yours sincerely

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David Breeze Managing Director