Settlement of contract issues

Genus PLC
19 September 2002


Immediate Release                                              19 September 2002


                                  Genus plc

                         Settlement of contract issues


Genus plc ('Genus') purchased Hunting Technical Services ('HTS') from Hunting
Plc in July 1998. HTS specialises in project management and consultancy services
in international development. At the time of the acquisition, HTS had an
outstanding claim against the European Commission for indemnification for the
premature termination of work being carried out by HTS in Nigeria. As part of
the agreement to purchase HTS it was agreed that Genus would continue to pursue
the claim and that in the event a favourable settlement was reached, a
substantial proportion of the receipt would be paid over to Hunting Plc.

Genus is pleased to announce that the claim has now been settled. As a result of
the settlement and after the payment to Hunting Plc and netting off the receipt
against advance contract payments already received by HTS at the time of the
contract termination, Genus has received an additional £0.1 million in cash and
will record income in the current financial year of approximately £0.4 million.

The Board of Genus would like to record its appreciation of the work carried out
by the European Ombudsman and others on behalf of HTS in assisting with the
settlement of this claim.

Contacts:


Genus plc                                                    Tel: [phone]

Richard Wood, Chief Executive
Philip Acton, Finance Director

Buchanan Communications Ltd                                  Tel: [phone]
Charles Ryland / Catherine Miles




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