Offer Update

Microgen plc 10th September 2004 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. Recommended Offer by UBS Investment Bank on behalf of Microgen plc for AFA Systems plc Result of Mix and Match Facility The board of Microgen plc ('Microgen') announces that as at 3.00 p.m. (London time) on 9 September 2004 it has received a number of valid elections under the Mix and Match Facility both from AFA Shareholders wishing to receive additional cash in respect of 20,462,416 AFA Shares and from those wishing to receive additional New Microgen Shares in respect of some 14,324,549 AFA Shares. Under the basic terms of the Offer for each AFA share an AFA Shareholder would receive 4.51 pence in cash and 0.18168 in New Microgen Shares. As the Mix and Match Facility is now closed, elections under the Mix and Match Facility will be satisfied as follows: * for each AFA Share for which a valid election for additional cash was made 7.67 pence in cash and 0.12862 in New Microgen Shares * for each AFA Share for which a valid election for additional New Microgen Shares was made 0.25748 New Microgen Shares The Offer still remains open for acceptance until further notice. Microgen Mike Phillips, Group Finance Director Phone: 01753 847122 UBS Investment Bank Nick Adams Phone: 020 7567 8000 Financial Dynamics Giles Sanderson Phone: 020 7831 3113
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