Fibrocell Science, Inc. (OTCBB:FCSC) announced today that it has entered into a definitive agreement to sell its majority ownership stake in Agera Laboratories, a skincare company offering anti-aging, pigmentation and acne treatment products, to Rohto Pharmaceutical Co., Ltd. for $0.85 million. Within ten days, $0.40 million is to be paid and the remaining balance will be paid at the closing of the transaction, which is expected by August 31, 2012. Fibrocell acquired a 57 percent ownership stake in Agera Laboratories in August 2006.

“With the recent FDA approval of our lead product LAVIV, we are now focusing our efforts on the commercialization of LAVIV and the pursuit of additional indications for the product,” said David Pernock, Fibrocell’s Chairman and CEO.

About Fibrocell Science, Inc.

Fibrocell Science, Inc. (OTCBB:FCSC) is an autologous cellular therapeutic company focused on the development of innovative products for aesthetic, medical and scientific applications. Fibrocell Science is committed to advancing the scientific, medical and commercial potential of autologous skin and tissue, as well as its innovative cellular processing technology and manufacturing excellence. For additional information, please visit www.fibrocellscience.com.

Forward-Looking Statements

All statements in this press release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under Item 1A "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2011, as updated in "Item 1A. Risk Factors" in the Company's Quarterly Reports on Form 10-Q filed since the annual report. The Company operates in a highly competitive and rapidly changing environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statements. Readers are also urged to carefully review and consider the other various disclosures in the Company's public filings with the SEC.