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Imumed Announces Stock Split

08 August 2001

Hamilton, Bermuda: 8 August, 2001- The Directors and Shareholders of ImuMed International Ltd. wish to announce that, after due consideration, they have approved a 3 to 1 reverse stock split effective 6th August, 2001. All fractional shares will be rounded up to the nearest whole share.

The Directors continue work towards restructuring the Company to the position it enjoyed prior to the suspension of trading of the Company's shares in April 2001. The 3 for 1 reverse stock split referred to above being part of the overall strategy being employed to achieve this goal.

Enquiries:

Edith G. Conyers Phone (001-441-296-1300)

Secretary

ImuMed International Ltd.

ede-conyers@forum-financial.com

Michael Schroter Phone (001-441-295-1330)

First Bermuda Financial Services Limited

schroter@fbs.bm