re: can anyone help/announcement PSD has just released a...

re: can anyone help/announcement PSD has just released a response to an ASX price query which gives their view of the recent selling:

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ASX Announcement

28 November 2005

Response to ASX Share Price Query.

Dear Christine,

RE: PRICE QUERY

In response to your query concerning the change in price of pSivida Limited (ASX:PSD; NASDAQ:PSDV) securities and the increase in the volume of trading, we respond as follows:

1. The Company is not aware of any information concerning it that has not been announced which, if known, could explain the recent trading in securities;

2. Volumes have been lower than normal from the time of the Control Delivery Systems Inc. acquisition announcement as overseas institutional investors wait for the deal to complete which is due to occur in mid December, although shareholder approval has already recently been given. During that time of lower than usual trading volumes, we have had some shareholders selling stock for reasons not connected with the Company and our expectation is that those lines of stock are almost completely done; and

3. We can confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

Should you have any further queries, please do not hesitate to contact me.

Yours faithfully,

Aaron Finlay
Chief Financial Officer &
Company Secretary
pSivida Limited