Disposal Completion

Microgen PLC
14 May 2007



14 May 2007


                        Update on Property Disposal


At the Company's Annual General Meeting on 24 April 2007, Microgen announced 
that it was in negotiation regarding the disposal of one of its long-leasehold 
properties. This transaction for the sale of 13/14 Angel Gate, London was 
completed on Friday 11 May 2007.  The price realised was £2.1 million. An 
exceptional profit in the order of £0.4 million is anticipated to be reported 
from this transaction, after costs associated with the disposal. The funds will
be used to repay the mortgage on this property and for general corporate 
purposes.


Contact:

Philip Wood, Group Finance Director      01252 772312




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