Press Releases

	12/28/04	Arbios Systems, Inc. to Test New Platform for its Bioartificial Liver
	11/04/04	Arbios Appoints Jack E. Stover as Board Member
	11/02/04	Arbios' Bioartificial Liver Preclinical Data Presented at the 55th Annual Meeting of the American Association for the Study of Liver Diseases
	10/21/04	Arbios Provides Shareholders with an Update of Recent Events
	07/21/04	Arbios Announces Positive Preclinical Data For Sepet™ - An Extracorporeal Blood Purification Device For Treatment of Patients in Liver Failure
	04/21/04	Arbios Systems, Inc. Acquires Assets from Circe Biomedical, Inc.
	03/22/04	Arbios Systems Commences Trading of its Common Stock on OTC Bulletin Board
	02/18/04	Arbios Presents Preclinical Data on its Novel Bioartificial Liver LIVERAID™