Rule 2.10 - amendment

RNS Number:2423K
Aquilo PLC
10 October 2006


AQUILO PLC ("Aquilo")

Disclosure in accordance with Rule 2.10 of the City Code - amendment

The following amends the Aquilo plc announcement dated 9 October 2006 at 7am,
RNS number 1217K.  That announcement did not make reference to the dealing
disclosure requirements under Rule 8 of the Takeover Code.  The full, amended
announcement follows:

AQUILO PLC ("Aquilo")

Disclosure in accordance with Rule 2.10 of the City Code

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Aquilo
confirms that it now has 437,469,900 ordinary shares of 1p each in issue and
admitted to trading on AIM under the UK ISIN code GB0008010653.

A further announcement will be made if appropriate.

Further enquiries:

Clive Nicholls, Chief Executive Officer, Aquilo plc         020 3008 5514
Crispin Burdett, Company Secretary, Aquilo plc              020 3008 5515
Alasdair Robinson, Noble & Company Limited                  0131 225 9677



Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of Aquilo plc, all "dealings" in any
"relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
"interest" in "relevant securities" of Aquilo plc, they will be deemed to be a
single person for the purpose of Rule 8.3.



Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Aquilo plc by Aquilo plc or by any of their respective
"associates", must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.



A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.



"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.



Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.






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