VANCOUVER, BRITISH COLUMBIA--(Marketwire - February 14, 2008) - Forbes Medi-Tech Inc. (TSX: FMI)(NASDAQ: FMTI) today announced that securityholders have approved the Company’s corporate reorganization. For resolutions one and two, ‘Reduction in Stated Capital’ and ‘Name Change’ respectively, over 88% of votes cast were in favor of the resolutions. For resolution three, the ‘Plan of Arrangement’, over 82% of votes cast were in favor. Prior to the meeting, the plan of arrangement was amended to broaden the range of the exchange ratio for Forbes Medi-Tech shares to a range of two to eight Forbes shares for each Newco share. The exchange ratio was adjusted in light of recent market prices, and to provide flexibility to the Board of Directors in an effort to help regain compliance with Nasdaq’s minimum US$1 bid requirement. The actual exchange ratio will be announced as soon as it is set by the Board and will affect share, option and warrant holders equally.
