-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gj/f2XzuucGhsZfzBh2R/IkDaxrHfKi9Jg1OD+W3yiaZAjAAtaFU92n1fPWtBYN2 F2wpUzqOz5KwIPpFLlDfUw== 0000950135-06-000741.txt : 20060213 0000950135-06-000741.hdr.sgml : 20060213 20060213164832 ACCESSION NUMBER: 0000950135-06-000741 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060213 DATE AS OF CHANGE: 20060213 GROUP MEMBERS: SCHRODER VENTURE MANAGERS INC. GROUP MEMBERS: SCHRODER VENTURES INT'L LIFE SCIENCES FUND II STRATEGIC PNRS GROUP MEMBERS: SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.1 GROUP MEMBERS: SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.2 GROUP MEMBERS: SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.3 GROUP MEMBERS: SITCO NOMINEES LTD. VC GROUP MEMBERS: SV (NOMINEES) LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHASE FORWARD INC CENTRAL INDEX KEY: 0001050180 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 043386549 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80374 FILM NUMBER: 06604309 BUSINESS ADDRESS: STREET 1: 880 WINTER STREET CITY: WALTHAM STATE: MA ZIP: 02451 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHRODER VENTURE MANAGERS LTD CENTRAL INDEX KEY: 0001161844 IRS NUMBER: 00000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 22 CHURCH STREET CITY: HAMILTON BERUMUDA STATE: D0 ZIP: HM11 BUSINESS PHONE: 4412987107 MAIL ADDRESS: STREET 1: 27 CHURCH STREET CITY: HAMILTON BERUMUDA STATE: D0 ZIP: HM11 SC 13G/A 1 b59107gasc13gza.txt SCHRODER VENTURE MANAGERS LIMITED UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2) PHASE FORWARD INCORPORATED --------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE --------------------------------------- (Title of Class of Securities) 71721R406 --------------------------------------- (CUSIP Number) December 31, 2005 --------------------------------------- (Date of Event Which Requires Filing of this Statement) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: [_] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) CUSIP No. 71721R406 13G/A Page 2 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SCHRODER VENTURE MANAGERS LIMITED - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 3 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SCHRODER VENTURE MANAGERS INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 4 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.1 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 5 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.2 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 6 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.3 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 7 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II STRATEGIC PARTNERS L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 8 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SITCO NOMINEES LTD. VC 01903 AS NOMINEE OF SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II GROUP CO-INVESTMENT SCHEME - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 9 of 19 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SV (NOMINEES) LIMITED AS NOMINEE OF SCHRODER VENTURES INVESTMENTS LIMITED - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION GUERNSEY - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER --0-- --------------------------------------------------- NUMBER OF SHARES 6. SHARED VOTING POWER 661,276 BENEFICIALLY OWNED BY EACH --------------------------------------------------- REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER --0-- --------------------------------------------------- 8. SHARED DISPOSITIVE POWER 661,276 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,276 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- CUSIP No. 71721R406 13G/A Page 10 of 19 Pages ITEM 1(a). NAME OF ISSUER: Phase Forward Incorporated (the "Issuer") ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 880 Winter Street Waltham, MA 02451 ITEM 2(a). NAME OF PERSON FILING: This statement is being filed by the following persons: (i) Schroder Ventures International Life Sciences Fund II L.P.1 ("SVILSF II LP1"), Schroder Ventures International Life Sciences Fund II L.P.2 ("SVILSF II LP2"), Schroder Ventures International Life Sciences Fund II L.P.3 ("SVILSF II LP3"), Schroder Ventures International Life Sciences Fund II Strategic Partners L.P. ("SVILSF II Strategic Partners"), SITCO Nominees Ltd. VC 01903 as Nominee of Schroder Ventures International Life Sciences Fund II Group Co-Investment Scheme ("SVILSF II Co-Investment") and SV (Nominees) Limited as Nominee of Schroder Ventures Investments Limited ("SVIL") (collectively, the "Funds"), direct owners of the shares of Common Stock of the Issuer; (ii) Schroder Venture Managers Inc., a New York corporation ("SVMI"), and general partner of SVILSF II LP1, SVILSF II LP2, SVILSF II LP3 and SVILSF II Strategic Partners; and (iii) Schroder Venture Managers Limited, a Bermuda limited company ("SVML"), and fund manager to SVMI. Each of SVILSF II LP1, SVILSF II LP2, SVILSF II LP3, and SVILSF II Strategic Partners, SVILSF II Co-Investment, SVIL, SVMI and SVML are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons." ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Address for SVILSF II LP1, SVILSF II LP2, SVILSF II LP3, and SVILSF II Strategic Partners, SVILSF II Co-Investment, SVIL, SVMI and SVML: Schroder Administrative Services (Bermuda) Limited 22 Church Street Hamilton HM 11 Bermuda Attn: Karen Shillingford CUSIP No. 71721R406 13G/A Page 11 of 19 Pages ITEM 2(c). CITIZENSHIP: SVILSF II LP1 - Delaware SVILSF II LP2 - Delaware SVILSF II LP3 - Delaware SVILSF II Strategic Partners - Delaware SVILSF II Co-Investment - Bermuda SVIL - Guernsey SVMI - New York SVML - Bermuda ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per share (the "Common Stock") ITEM 2(e). CUSIP NUMBER: 71721R406 ITEM 3. Not applicable. ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. For SVILSF II LP1, SVILSF II LP2, SVILSF II LP3, and SVILSF II Strategic Partners, SVILSF II Co-Investment, SVIL, SVMI and SVML: (a) Amount beneficially owned: 661,276 shares of Common Stock (b) Percent of class: 2.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: --0-- (ii) Shared power to vote or to direct the vote: 661,276 (iii) Sole power to dispose or to direct the disposition of: --0-- (iv) Shared power to dispose or to direct the disposition of: 661,276 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X]. CUSIP No. 71721R406 13G/A Page 12 of 19 Pages ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. Not applicable. This statement on Schedule 13G is not filed pursuant to Rule 13d-1(b) or Rule 13d-1(c). CUSIP No. 71721R406 13G/A Page 13 of 19 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 13, 2006 ----------------------------------------- Date SCHRODER VENTURE MANAGERS INC. /s/ Deborah Speight /s/ Peter Everson ----------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ----------------------------------------- Name/Title SCHRODER VENTURE MANAGERS LIMITED /s/ Deborah Speight /s/ Peter Everson ----------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ----------------------------------------- Name/Title CUSIP No. 71721R406 13G/A Page 14 of 19 Pages SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.1 By: Schroder Venture Managers, Inc., its General Partner /s/ Deborah Speight /s/ Peter Everson ---------------------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ---------------------------------------------------- Name/Title SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.2 By: Schroder Venture Managers, Inc., its General Partner /s/ Deborah Speight /s/ Peter Everson ---------------------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ---------------------------------------------------- Name/Title SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II L.P.3 By: Schroder Venture Managers, Inc., its General Partner /s/ Deborah Speight /s/ Peter Everson ---------------------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ---------------------------------------------------- Name/Title CUSIP No. 71721R406 13G/A Page 15 of 19 Pages SITCO NOMINEES LTD. VC 01903 AS NOMINEE OF SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II GROUP CO-INVESTMENT SCHEME By: SITCO Nominees Ltd. VC 01903 /s/ Deborah Speight /s/ Peter Everson ----------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ----------------------------------------- Name/Title SCHRODER VENTURES INTERNATIONAL LIFE SCIENCES FUND II STRATEGIC PARTNERS L.P. By: Schroder Venture Managers Inc., its General Partner /s/ Deborah Speight /s/ Peter Everson ----------------------------------------- Signature Deborah Speight, Peter Everson, Authorized Signatories ----------------------------------------- Name/Title SV (NOMINEES) LIMITED AS NOMINEE OF SCHRODER VENTURES INVESTMENTS LIMITED By: SV (Nominees) Limited /s/ John Marren ----------------------------------------- Signature John Marren, Authorized Signatory ----------------------------------------- Name/Title CUSIP No. 71721R406 13G/A Page 16 of 19 Pages EXHIBIT INDEX Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.* *Filed with the Schedule 13G/A No. 1 on March 29, 2005. -----END PRIVACY-ENHANCED MESSAGE-----