Disposal

Genus PLC 15 January 2008 15 January 2008 Genus plc ('Genus' or 'the Company') Animalcare Disposal and Notice of Interim Results Animalcare Disposal Genus, a world leading animal genetics company, is pleased to announce the completion of the disposal of its non-core veterinary pharmaceutical business, Animalcare Limited ('Animalcare'), to Ritchey plc ('Ritchey') for a total cash consideration of £14m, including a deferred element of £0.6m. The agreement to dispose of Animalcare was announced on 27 November, subject to Ritchey raising funds upon its admission to the AIM market. Ritchey was today admitted to trading on AIM. This sale concludes Genus' programme of non-core business disposals, following the sales of SyAqua Mexico, the Company's remaining shrimp business, and HTSPE, the Company's non-core development consulting business, in the first half of the current financial year. Notice of Interim Results Genus will announce its interim results for the six months ended 31 December 2007 on Tuesday 26 February 2008. For further information, please contact: Genus plc Tel: 01256 345970 Richard Wood, Chief Executive Martin Boden, Finance Director Landsbanki Securities (UK) Limited Tel: 020 7426 9000 Financial Adviser & Joint Broker Shaun Dobson Buchanan Communications Tel: 020 7466 5000 Charles Ryland / Suzanne Brocks About Genus Genus sells added value products for livestock farming and food producers by creating advances to animal breeding through biotechnology. Its non-Genetically Modified Organism (GMO) technology is applicable across all livestock species but is only commercialised by Genus in the bovine and porcine farming sectors. Genus' worldwide sales are made in seventy countries under the trade marks 'ABS' (dairy and beef cattle) and 'PIC' (pigs) and comprise semen and breeding animals with superior genetics to those animals currently in production. Customers use Genus genetics in their herds to produce offspring with greater production efficiency, milk and meat output and quality. These offspring are used to supply the global dairy and meat supply chain. Genus' competitive edge has been created from the ownership and control of proprietary lines of breeding animals, the biotechnology used to improve them and the Group's global production and distribution network. Headquartered in Basingstoke, England, Genus companies operate in 30 countries on six continents, with research laboratories located in Madison, USA. 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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