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Monday 29 January, 2007

S.P. Angel Corporate

Offer Update - Kuju plc

S.P. Angel Corporate Finance LLP
29 January 2007



For immediate release                                            29 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

               OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS


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.  On 9 January 2007, the directors of CDS and Catalis announced
that the Offer had been declared unconditional  as to acceptances.

The directors of CDS and Catalis are pleased to announce that the Offer has been
declared unconditional in all respects.

As at 1.00 p.m. (London time) on 26 January 2007, valid acceptances of the Offer
had been received in respect of a  total of 9,974,564 Kuju Shares, representing
approximately 72.9 per cent. of the Kuju Shares to which the Offer relates 
('Offer Shares') and representing approximately 63.2 per cent. of Kuju's
existing issued ordinary share capital.

In addition, acceptances of the Offer have been received in respect of a further
12,619 Kuju Shares, representing  approximately 0.1 per cent. of the Offer
Shares and representing approximately 0.1 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 all of those Kuju
Shares.

In the period from 18 December 2006 (being the date on which the Offer was made)
to 26 January 2007 (inclusive), S.P.  Angel & Co Limited, acting on behalf of
CDS, has purchased in the market a total of 1,780,000 Kuju Shares representing 
approximately 13.0 per cent. of the Offer Shares and representing approximately
11.3 per cent. of Kuju's existing  issued ordinary share capital.

Accordingly, as at 1.00 p.m. (London time) on 26 January 2007, CDS has acquired
or received valid acceptances under the  Offer in respect of a total of
11,754,564 Offer Shares, representing approximately 85.9 per cent. of the Offer
Shares  and representing approximately 74.5 per cent. of Kuju's existing issued
ordinary share capital.  As at 1.00 p.m.  (London time) on 26 January 2007, CDS
and Catalis therefore own, have acquired or have received valid acceptances
under  the Offer in respect of a total of 13,842,394 Kuju Shares, representing
approximately 87.8 per cent. of Kuju's existing  issued ordinary share capital.

The consideration due under the Offer to all Kuju Shareholders who have already
validly accepted the Offer will be  effected on or before 9 February 2007. 
Settlement for Kuju Shareholders who validly accept the Offer from today 
onwards will be effected within 14 days of receipt of their valid acceptance.

The directors of CDS and Catalis announce that the Offer will remain open until
further notice.

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 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.

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)
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 been 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.





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