SAR - Microgen PLC

Schroders PLC 14 August 2003 FORM SAR 3 Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent to the company the shares of which are acquired. Date of disclosure: 14/08/03 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs') Date of acquisition 13/08/03 Acquisition in Microgen Plc Number of shares/rights over If rights over shares acquired, as (1) Class of voting shares shares acquired opposed to the shares themselves, (e.g. ordinary shares) specify nature of rights 5p ordinary shares 25,000 shares rights Resultant total holding of rights Total percentage (2) Resultant total holding over shares (and % of total voting of voting shares (and % of shares in issue) total voting shares in issue) 12,035,200 ( 20.025%) (20.025%) (3) Party making disclosure Schroders plc Schroders plc on behalf of institutional clients on (4) (a) Name of person acquiring a non-beneficial basis shares or rights over shares and, if different, beneficial owner (b) Names of any other persons acting by agreement or understanding (see SAR 5) Signed, for and on behalf of the party named in (3) above (Also print name of signatory) Alison Dunn Telephone and extension number 020 7658 2962 (Direct line) ___________________________ Note. Under SAR 5, the holdings of and acquisitions by persons acting by agreement or understanding must be aggregated and treated as a holding of or acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate holdings to disclose certain disposals. For full details of the SARs disclosure requirements, see Rules 3 and 5 of the SARs. If in doubt, contact the Panel on Takeovers and Mergers, Tel. No.: 020 7638 0129 This information is provided by RNS The company news service from the London Stock Exchange

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