Offer Update

Microgen PLC 16 April 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 16 April 2008 Microgen plc ('Microgen') Statement regarding Scisys plc ('Scisys') On 11 April 2008, Microgen announced that it had held an informal meeting with Scisys and was considering its options which may or may not include an offer for Scisys. An indicative conditional proposal to acquire the issued and to be issued share capital of Scisys was subsequently submitted by Microgen, which the Board of Scisys have now rejected. As a result, talks between Microgen and Scisys regarding a possible offer for Scisys have terminated. However, Microgen remains interested in a combination of the two companies on the basis of the proposal previously submitted. Microgen is interested in 3,670,686 Scisys shares representing approximately 12.89% of the issued share capital of Scisys and remains the third largest shareholder in Scisys. Microgen and Scisys have collaborated in a number of business areas and it is anticipated that this operational relationship will continue. Enquiries: Microgen plc Tel: 01252 772300 Martyn Ratcliffe Philip Wood Arbuthnot Securities Limited Tel: 020 7012 2000 Tom Griffiths Alasdair Younie Financial Dynamics Tel: 020 7831 3113 Giles Sanderson Haya Chelhot Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Microgen or of Scisys, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Microgen or Scisys, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Microgen or Scisys by Microgen or Scisys, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevant securities''dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange
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