AGM Trading Update

Genus PLC 16 November 2006 For Immediate Release 16 November 2006 Genus plc Annual General Meeting Trading Update At the Annual General Meeting of Genus plc ('Genus') to be held today at 2.30pm, the Chairman, John Hawkins, will make the following statement: 'Genus is now a world leading animal genetics company. The Group has the benefits of greater critical mass, economies of scale, reduced dependency on only one animal species, and an enlarged research and development programme of greater diversity. Genus continues to benefit from the increased opportunities arising from the Sygen acquisition. The integration has progressed well and I am pleased to confirm that first quarter trading has been in line with the Board's expectations and the prognosis for the remainder of our financial year remains good. In addition, Genus has progressed its strategy to divest the loss making SyAqua shrimp business and non-core businesses by the disposal in October of SyAqua Thailand, the second SyAqya shrimp business to be sold, to an MBO-led team. Offers are currently being considered for the Mexican shrimp business and other non-core businesses. This strategy will hasten the reduction in net debt and will drive the opportunity to introduce further species in due course.' For further information please contact: Genus plc Tel: 01256 347 100 Richard Wood, Chief Executive David Timmins, Finance Director Buchanan Communications Tel: 020 7466 5000 Charles Ryland Suzanne Brocks Simon Potter This information is provided by RNS The company news service from the London Stock Exchange

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Genus (GNS)
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