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Tuesday 09 January, 2007

S.P. Angel Corporate

Offer Update - Kuju plc

S.P. Angel Corporate Finance LLP
09 January 2007



For immediate release                                             9 January 2007

Not for release, publication or distribution in or into the Republic of Ireland,
the United States of America, Canada,  Australia or Japan

                               RECOMMENDED CASH OFFER

                                        by

                          S.P. ANGEL CORPORATE FINANCE LLP

                                   on behalf of

                        CATALIS DEVELOPMENT SERVICES LIMITED

                     (a wholly-owned subsidiary of CATALIS N.V.)

                                       for

                                    KUJU PLC

                             LEVEL OF ACCEPTANCES

                      OFFER UNCONDITIONAL TO ACCEPTANCES

                              EXTENSION OF OFFER

On 18 December 2006, S.P. Angel Corporate Finance LLP made a recommended cash
offer (the 'Offer') on behalf of Catalis  Development Services Limited ('CDS' or
the 'Offeror'), a wholly-owned subsidiary of Catalis N.V. ('Catalis '), for the 
entire issued and to be issued share capital of Kuju Plc ('Kuju') not already
owned by Catalis. At 18 December 2006,  Catalis held 2,087,830 Kuju Shares,
representing approximately 13.2 per cent. of Kuju's existing issued ordinary
share  capital.

The directors of CDS and Catalis are pleased to announce that the Offer has been
declared unconditional as to  acceptances.

As at 1.00 p.m. (London time) on 8 January 2007, the first closing date of the
Offer, valid acceptances of the Offer  had been received in respect of a total
of 9,215,717 Kuju Shares, representing approximately 67.3 per cent. of the Kuju 
Shares to which the Offer relates ('Offer Shares') and representing
approximately 58.4 per cent. of Kuju's existing  issued ordinary share capital.

In addition, acceptances of the Offer have been received in respect of a further
586,275 Kuju Shares, representing  approximately 4.3 per cent. of the Offer
Shares and representing approximately 3.7 per cent. of Kuju's existing issued 
ordinary share capital, which require further action to be taken before they can
be counted as valid acceptances.

On 18 December 2006, the directors of CDS and Catalis announced that they had
received irrevocable undertakings to  accept the Offer in respect of 8,614,437
Kuju Shares, representing approximately 63.0 per cent. of the Offer Shares and 
approximately 54.6 per cent. of the existing issued ordinary share capital of
Kuju. Valid acceptances have been  received in respect of 8,159,892 of those
Kuju Shares, representing approximately 59.6 per cent. of the Offer Shares  and
representing approximately 51.7 per cent. of Kuju's existing issued ordinary
share capital.

In addition, acceptances of the Offer have been received in respect of the
balance of irrevocable undertakings, being  454,545 Kuju Shares, representing
approximately 3.3 per cent. of the Offer Shares and representing approximately
2.9  per cent. of Kuju's existing issued ordinary share capital, which require
further action to be taken before they can be  counted as valid acceptances.

In the period from 18 December 2006 (being the date on which the Offer was made)
to 8 January 2007 (inclusive), S.P.  Angel & Co Limited, acting on behalf of
CDS, has purchased in the market a total of 1,680,000 Kuju Shares representing 
approximately 12.3 per cent. of the Offer Shares and representing approximately
10.7 per cent. of Kuju's existing  issued ordinary share capital.

Accordingly, as at 1.00 p.m. (London time) on 8 January 2007, CDS has acquired
or received valid acceptances under the  Offer in respect of a total of
10,895,717 Offer Shares, representing approximately 79.6 per cent. of the Offer
Shares  and representing approximately 69.1 per cent. of Kuju's existing issued
ordinary share capital. As at 1.00 p.m. (London  time) on 8 January 2007, CDS
and Catalis therefore own, have acquired or have received valid acceptances
under the  Offer in respect of a total of 12,983,547 Kuju Shares, representing
approximately 82.3 per cent. of Kuju's existing  issued ordinary share capital.

The directors of CDS and Catalis announce that the Offer has been extended for a
period of 21 days and will therefore  remain open for acceptance until 1.00 p.m.
(London time) on 29 January 2007.

Kuju Shareholders who have not yet accepted the Offer and who hold Kuju Shares
in certificated form are urged to  complete, sign and return the Form(s) of
Acceptance by hand (during normal business hours) or by post as soon as 
possible but no later than 1.00 p.m. (London time) on 29 January 2007, to the
receiving agents to the Offer, Capita  Registrars at Capita Registrars,
Corporate Actions, PO Box 166, The Registry, 34 Beckenham Road, Beckenham, Kent
BR3  4TH.

Additional Forms of Acceptance are available from Capita Registrars, by
telephoning 0870 162 3121, or if calling from  outside the UK, on +44 20 8639
2157.

If you hold your Kuju Shares in uncertificated form (that is, in CREST) you are
urged to accept the Offer by TTE  instructions as soon as possible and, in any
event, so as to be settled not later than 1.00 p.m. (London time) on 29  January
2007.

All terms defined in the Offer Document have the same meaning in this
announcement, unless the context requires  otherwise.

Save as disclosed above, no Kuju Shares have been acquired or agreed to be
acquired by or on behalf of CDS or any  person acting in concert with CDS during
the Offer Period and neither CDS nor any person acting in concert with CDS has 
the benefit of any irrevocable commitment or letter of intent in respect of any
Kuju Shares or has any interest in any  Kuju Shares, or any short position
(whether conditional or absolute and whether in the money or otherwise and
including  any short position under a derivative), any agreement to sell, any
delivery obligation, any right to require another  person to purchase or take
delivery in respect of any Kuju Shares, any right to subscribe for any Kuju
Shares or any  stock borrowing or lending arrangement in respect of any Kuju
Shares.

Enquiries

Catalis Group

Robert Kaess
+49 89 2111 280

S.P. Angel Corporate Finance LLP
(Financial adviser to Catalis Development Services Limited and Catalis N.V.)

David Facey
+44 (0)20 7647 9641

Kuju plc

Jonathan Newth
Chief Executive Officer
+44 (0)1483 414 344

Noble & Company Limited
(Financial adviser and broker to Kuju plc)

Nick Naylor
Nick Athanas
+44 (0)20 7763 2200

Further Information

The CDS Directors accept responsibility for the information contained in this
announcement. To the best of the  knowledge and belief of the CDS Directors (who
have taken all reasonable care to ensure that such is the case) the  information
contained in this Announcement is in accordance with the facts and does not omit
anything likely to affect  the import of such information.

This announcement does not constitute, or form part of, an offer or solicitation
of any offer to sell or an invitation  to purchase any securities or the
solicitation of an offer to buy any securities, pursuant to the Offer or
otherwise.  The Offer is being made solely by the Offer Document and (in respect
of certificated Kuju Shares) the Form of  Acceptance, which together contain the
full terms and conditions of the Offer, including details of how the Offer may 
be accepted.

The availability of the Offer to Kuju Shareholders who are not resident in the
United Kingdom may be affected by the  laws of the relevant jurisdictions in
which they are located. In particular, the Offer has not be made directly or 
indirectly in or into a Restricted Jurisdiction. Persons who are not resident in
the United Kingdom should inform  themselves about, and observe any applicable
legal or regulatory requirements.

Unless determined by CDS and permitted by applicable law and regulation, the
Offer has not been, and will not be, made,  directly or indirectly, in or into,
or by the use of the mails of, or by any means or instrumentality (including, 
without limitation, facsimile transmission, telex, telephone or e-mail) of
interstate or foreign commerce of, or by any  facilities of a national
securities exchange of, a Restricted Jurisdiction and the Offer is not capable
of acceptance  by any such use, means, instrumentality or facility or from
within a Restricted Jurisdiction. Accordingly, copies of  this announcement and
any other documents related to the Offer are not being, and must not be,
directly or indirectly,  mailed or otherwise forwarded, distributed or sent in,
into or from a Restricted Jurisdiction, and persons receiving  such documents
(including, without limitation, custodians, nominees and trustees) must not mail
or otherwise distribute  or send such documents in, into or from a Restricted
Jurisdiction as doing so may invalidate any purported acceptance  of the Offer.

S.P. Angel Corporate Finance LLP, an appointed representative of S.P. Angel &
Co. Limited, which is authorised and  regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively as financial adviser to CDS 
and Catalis and no one else in connection with the Offer and this announcement
and will not be responsible to anyone  other than CDS and Catalis for providing
the protections afforded to clients of S.P. Angel Corporate Finance LLP nor  for
providing advice in connection with the Offer or this announcement or any matter
referred to in this announcement.

Noble & Company Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority,  is acting exclusively as financial adviser
to Kuju and no one else in connection with the Offer and this announcement  and
will not be responsible to anyone other than Kuju for providing the protections
afforded to customers of Noble &  Company Limited nor for providing advice in
connection with the Offer or this announcement or any matter referred to in 
this announcement.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                             

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