Disposal

Genus PLC 28 October 2005 For Immediate Release 28 October 2005 Genus plc Disposal of non core business Genus plc ('Genus') the world leading bovine genetics company is pleased to announce that it has completed the disposal of its non core veterinary wholesaling business, Genusxpress Limited, for a total of £8.2m. The completed sale of the business itself realised £7.2m in cash. Following this transaction Genus will realise a further £1m, approximately, from the sale of net assets not included in the sale of Genusxpress. For the year ended 31st March 2005 Genusxpress generated turnover of approximately £66m, and an operating profit of £0.4m. The business utilised net assets of £6.0m. Richard Wood, Chief Executive of Genus, commented: 'We have moved quickly to divest this non-core asset to release cash for the expansion of the bovine genetics business. This disposal will be earnings enhancing.' Contact: Genus plc Richard Wood, Chief Executive Tel: 01256 347101 David Timmins, Finance Director Tel: 01256 347102 Buchanan Communications Suzanne Brocks Tel: 020 7466 5000 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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