GENEVA, June 8 /PRNewswire-FirstCall/ -- CalciTech Ltd. (OTC:CLKTF) announces that Epsom Asset Management Ltd. ("Epsom") has confirmed that it is completing the conversion of the balance of its outstanding debt as at 31st December 2008 and will result in the issue of an additional 42,222,053 shares. The Company's issued share capital will stand at 185,639,086 common shares. Epsom has now confirmed a further extension to our working capital credit facility in the amount of USD 3 million to 31st August 2010. This facility will carry a revised interest rate of 1.75% per annum payable quarterly. This will complete the restructuring of the Company's debt and forward financing arrangements as announced on 24th February 2009. The Board of the Company has approved the extension of 3,450,000 options, with an average exercise price of USD 0.32 to directors and management, for a further five years. Additionally, a further 3,100,000 options were granted to directors and management with an exercise price of USD 0.095. This brings the total outstanding options to 9,250,000 representing 4.98% of the now issued shares of the Company. Roger Leopard, CalciTech's CEO, comments, "Our audit is now proceeding in order that we may meet our filing obligations with The Securities Exchange Commission by the 30th June, 2009, and the financial statements will reflect our restructure. New options will provide an incentive to our dedicated team in fulfilling our plans now that we have agreed our working capital facility." This press release contains 'forward looking statements' including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits. It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission. Contact: CalciTech Ltd. Marc Lakmaaker E-Mail: Phone: +41-22-710-40-20 Internet: http://www.calcitech.com/ DATASOURCE: CalciTech Ltd. CONTACT: Contact: CalciTech Ltd., Marc Lakmaaker, E-Mail: , Phone: +41-22-710-40-20

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