The Company announces that in accordance with the Executive Incentive Plan 50,000 performance shares have been converted to ordinary shares.

Following receipt of the conversion notice the Company has, on 17 March 2008, issued and allotted 50,000 ordinary shares of 0.5p.  Following the issue of these shares, the Company will have 66,114,113 ordinary shares in issue.  Application has been made for the shares to be admitted to trading on AIM and this will take place on 25 March 2008.

For further information please contact:

Simon McDonald (Neptune MD and CEO):                                   T: +61 (0) 2 9957 5244

By email to the Company                                                                  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Richard Hail (Fox Davies Capital Limited, Broker):                     T: +44 (0) 20 7936 5200

Fiona Owen (Grant Thornton Corporate Finance, Nomad):      T: +44 (0) 20 7383 5100

Rozanne Ichikowitz (Grant Thornton Sydney):                              T: +61 (0) 2 8297 2522

Nadja Vetter / Matthew Law (Cardew Group, PR):                       T: +44 (0) 20 7930 0777