CalciTech Files Results for the Ten-Month Period to 31st December 2006.

HAMILTON, Bermuda -- CalciTech Ltd. (Plus Markets: CLK; OTCBB: CLKTF) announces it has filed with the SEC and PLUS Markets its audited accounts for the for the 10 month period ending December 31st 2006. Full results can be downloaded via CalciTech's website and from http://www.sec.gov/edgar.shtml

CalciTech's Board has changed the company's year-end from 28th February to a calendar year to better reflect European and American practice. Due to the change of accounting date to 31st December, the Company is required to present figures for four different accounting periods: 10 months to December 31, 2006; 10 months to December 31, 2005 (unaudited); 12 months to February 28, 2006 and 12 months to February 28, 2005.

Revenues for the ten-month period decreased from $59,805 to $47,640 compared to the previous twelve-month period to February 28, 2006, and were entirely generated through the sale of SCC samples. Trials for non-paper applications, where CalciTech has been very active this last year, require significantly less material than normally required for trials by the paper industry, which explains this decrease.

With the continued development of the Company's projects and products, and the increased rate at which these are undergoing feasibility studies, the Board of Directors has decided to capitalise both project and product development costs to the value of $1,011,251. These will be funded through owned and joint venture companies as they complete. Consequently, project and product development expenses were $nil, compared to $309,810 for product development expenses in the 12 month period to February 28, 2006.

The Board of Directors have further included $544,946 in intangible assets, which represent pre-finance costs incurred related to the planned commercial plant at Leuna, and will be funded out of the project finance on closing.

General and Administrative expenditure decreased by $725,000 compared to the ten-month period to December 31, 2005. This is due to expenditures directed at the pre-build stage of the Leuna plant, which are included in Intangible Assets in the Balance Sheet. Net losses for the ten-month period decreased to $620,221 from $1,857,998 in the twelve-month period to February 28, 2006.

CalciTech finished the ten-month period with $385,133 in cash and cash equivalents and, under International Financial Reporting Standards, the Company now reports a small shareholders' deficit of $76,333, compared to shareholders equity of $730,269 as at February 28, 2006.

The information in this document was extracted from the accounts audited by

H W Fisher and Company
Chartered Accountants
Acre House
11-15 William Road
London
NW1 3ER
United Kingdom
[TABLE OMITTED]
[TABLE OMITTED]
[TABLE OMITTED]
[TABLE OMITTED]

The directors of the company take responsibility for this announcement.

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.