RNS No 8227m
THERAPEUTIC ANTIBODIES INCORPORATED


                             DOCUMENT RE:
                              PLACING BY 
                     PANMURE GORDON & CO. LIMITED 
        OF 21,300,000 NEW SHARES OF US$0.001 EACH AT 40p PER SHARE 
    AND THE ISSUE OF 7,390,561 NEW SHARES OF US$0.001 EACH AT 40p PER SHARE
     IN CONNECTION WITH THE CONVERSION OF LOAN NOTES AND PREFERRED STOCK 
                            SPONSORED BY 
                   THE BRITISH LINEN BANK LIMITED

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END

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