GENEVA, Switzerland, April 24 /PRNewswire-FirstCall/ -- CalciTech Ltd. (OTCBB: CLKTF) announces it has concluded the restructuring of its US$ 4,642,000 6% Unsecured Convertible Debentures due December 2009 as part of its restructuring announced earlier this year. Debenture principle and interest, amounting to US$ 2,526,064, have been converted into common stock of CalciTech Ltd at the placement price of US$0.095 resulting in the issue of 26,590,147 common shares. The balance of the principle, $2,321,000, has been extended for a further term to 31st December, 2010 at a reduced rate of interest of 1.75% per annum. Revised conversion terms have been agreed from US$1.75 per share to US$0.75 per share to reflect the significant reduction in interest charge. In all other respects the terms of the debentures are unchanged. Roger Leopard, CalciTech's CEO, comments, "Our debenture holders have always been very supportive and I am very pleased they have again given their support in our reorganisation. The reduction in interest charge is of material assistance in the management of our cash "burn", while reducing our debt. I expect the rest of our reorganisation plans, announced earlier this year, to now be concluded shortly." 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: Tel.: +41-22-710-40-20 Internet: http://www.calcitech.com/ DATASOURCE: CalciTech Ltd. CONTACT: Contact: CalciTech Ltd., Marc Lakmaaker, E-Mail: , Tel.: +41-22-710-40-20

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