NAN Nanoscience

    Immediate Release: Monday 4 February 2008

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which

voting rights are attached (ii):

Nanoscience Inc.

2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: (Yes)

An acquisition or disposal of financial instruments which may result in the

acquisition of shares already issued to which voting rights are attached: ()

An event changing the breakdown of voting rights: ( )

Other (please specify) : ()

3. Full name of person(s) subject to the notification obligation (iii):

Corvus Capital Inc.

4. Full name of shareholder(s) (if different from 3.) (iv):

Corvus Capital Inc.

5. Date of the transaction (and date on which the threshold is crossed or

reached if different) (v):

30 January 2008

6. Date on which issuer notified:

31 January 2008

7. Threshold(s) that is/are crossed or reached:

4.02% to 0.0%

8. Notified details:

A: Voting rights attached to shares

Class/type of  Situation previous  Resulting situation after the triggering    
shares if      to the Triggering   transaction (vii)                           
possible using transaction (vi)                                                
the ISIN CODE                                                                  
                                                                               
               Number of Number of Number of Number of voting  % of voting     
               shares    voting    shares    % of voting (ix)  rights          
                         Rights                                                
                         (viii)                                                
                                                                               
                                   Direct    Direct   Indirect Direct  Indirect
                                             (x)      (xi)                     
                                                                               
KYG6390E1070   7,400,000 7,400,000 0         0        0        0%      0%      

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of         Expiration     Exercise/       Number of       % of voting   
financial       date (xiii)    Conversion      voting rights   rights        
instrument                     Period/ Date    that may be                   
                               (xiv)           acquired if the               
                                               instrument is                 
                                               exercised/                    
                                               converted.                    
                                                                             
N/A                                                                          

Total (A+B)

Number of voting rights                % of voting rights                    
                                                                             
0                                      0%                                    

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Tim Moss

15. Contact telephone number:

+41 22 308 6999



END

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