MELBOURNE, AUSTRALIA and AUCKLAND, NEW ZEALAND--(Marketwire - February 29, 2008) - Living Cell Technologies Limited (ASX: LCT) (PINKSHEETS: LVCLY) today announced the half yearly report for Living Cell Technologies (ASX: LCT) for the six-month period ended December 31, 2007. The consolidated operating loss after income tax for the period July 1 to December 31, 2007 was $3.0 million (2006: $3.1 m), a decrease of 4% in the loss from the same period in the previous year and is in line with management’s expectations.