Compulsory Acqn of Shares

Billam PLC 31 January 2002 Not for release, publication or distribution in, into or from the United States, Canada, Australia or Japan 31 January 2002 Billam Plc ('Billam') Recommended Offer by KBC Peel Hunt Ltd ('KBC Peel Hunt') on behalf of Billam Plc for World Life Sciences plc ('WLS') Billam commences compulsory acquisition procedures On 18 October 2001, a recommended offer was made by KBC Peel Hunt, on behalf of Billam, for the entire issued share capital of WLS (other than that already owned or controlled by Billam) (the 'Offer'), as set out in the Offer Document dated 18 October 2001. The directors of Billam are pleased to announce that as at 3.00pm on 25 January 2002, acceptances had been received from WLS shareholders holding 405,173,145 shares in that company. This together with the shares owned by Billam's wholly owned subsidiary Billam AG represents in total approximately 94.64% of the issued share capital of WLS. The threshold for compulsory acquisition procedures having now been reached, Billam will invoke sections 428 - 430 of the Companies Act 1985 to acquire the outstanding shares and make WLS a 100% owned subsidiary. Billam will send out shortly section 429 notices to all WLS shareholders who have not yet accepted the Offer. The Offer will close on 17 February 2002. Enquiries: Billam Plc - 020 7702 5544 Angus Forrest Peter Hoskins The directors of Billam accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Billam (who have taken all reasonable care to ensure such is the case), the information contained herein for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. KBC Peel Hunt is acting for Billam in relation to the Offer and is not acting for any other person and will not be responsible to any other person for providing the protections afforded to customers of KBC Peel Hunt or for advising them on any other matter in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Drumz (DRUM)
UK 100