GlobeNewswire Inc | Jan 27, 2022 02:00AM EST

January 27, 2022

LONDON and BOSTON, Jan. 27, 2022 (GLOBE NEWSWIRE) -- OKYO Pharma Limited (LSE: OKYO; OTCQB: EMMLF), a biotechnology company focused on the discovery and development of novel molecules to treat inflammatory dry eye diseases and ocular pain,today announces that it has been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, the Executive Chairman has a beneficial interest, purchased 200,000 ordinary shares of no par value in the market at prices between 5p and 5.5p per share.

The acquisitions increase Mr Cerrone's beneficial interests in the capital of the Company from 52.64% to 52.66%.

1. Details of PDMR / person closely associateda) Name Gabriele Cerrone2. Reason for the notificationa) Position / status Chairmanb) Initial notification /amendment Initial notification3. Details of the issuera) Name OKYO Pharma Limitedb) LEI 213800VVN5CB56Y15A05 Details of the transaction(s): section to be repeated for (i) each type of4. instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial instrument Ordinary Shares of no par valueb) Identification code of the Financial ISIN for OKYO Pharma Limited: Instrument GG00BD3FV870c) Nature of the transaction Market Purchase 5p - 100,000d) Price(s) and volume(s) 5.5p ? 100,000f) Date of the transaction 26 January 2022g) Place of the transaction XLON

Enquiries:

Gary S. Jacob, Chief Executive Officer +44 (0)20 7495OKYO Pharma Limited 2379 Gabriele Cerrone, Non-Executive Chairman Optiva Securities +44 (0)20 3981Limited Robert Emmet 4173(Broker)

Notes for Editors:

About OKYO

OKYO Pharma Limited (LSE: OKYO; OTCQB: EMMLF) is a life sciences and biotechnology company admitted to listing on the standard segment of the Official List of the UK Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc. OKYO is focusing on the discovery and development of novel molecules to treat inflammatory dry eye diseases and chronic pain.

About OK-101

OK-101 is a lipidated chemerin peptide antagonist of the ChemR23 G-protein coupled receptor which is typically found on immunological cells of the eye responsible for the inflammatory response. OK-101 was developed using a membrane-anchored-peptide (MAP) Technology to produce a novel long-acting drug candidate for treating DED. OK-101 has been shown to produce anti-inflammatory activity in mouse models of DED and is designed to combat washout through the inclusion of the lipid anchor contained in the candidate drug molecule to enhance the residence time of OK-101 within the ocular environment.

About Dry Eye Disease (DED)

Dry eye is a multifactorial disease that results in ocular discomfort and tear film instability that can lead to ocular surface damage. It is often a chronic problem, particularly in older adults, and is expected to become even more prevalent with the aging population and increased use of digital screens such as computers and smart phones. Despite new product approvals, dry eye disease (DED) remains a significant unmet medical need and is one of the leading causes for patient visits to eye care specialists. Novel therapies that improve the signs and symptoms of dry eye disease will be beneficial to dry eye patients.

For further information, please visit the Company's website atwww.okyopharma.com.