Interim Management Statement

Microgen PLC 22 April 2008 MICROGEN PLC www.microgen.com 22 April 2008 INTERIM MANAGEMENT STATEMENT Microgen plc ('Microgen') announces its first Interim Management Statement covering the period from 1 January 2008 to the date of this announcement. Microgen announced its final results for the year ending 31 December 2007 on 21 February 2008. The Group's financial results for the three months ended 31 March 2008 are in line with the Board's expectations. There have been no significant changes in the trading or financial position of Microgen and its balance sheet remains strong. Microgen closed the quarter with £20.1 million of cash (31 December 2007: £18.1 million) and net funds of £16.0 million (31 December 2007: £13.8 million). Rationalisation of the Group's property portfolio has now been completed. Settlements have been agreed with the landlords of two properties, resulting in Microgen now utilising all its properties for operational purposes. Additionally, in June 2008 Microgen expects to complete the disposal of its London long-leasehold property for £2.05 million and to occupy its new London facility located at 17 St Helen's Place. Since 31 March 2008 Microgen has acquired 3,670,686 shares in Scisys plc at an average price of 32.6p, equivalent to 12.89% of the issued share capital and a total consideration of £1.2 million. The background to this shareholding has been explained in recent announcements. Although markets remain unpredictable, Microgen has had a good start to the year and the Board's outlook for the year remains positive. Contacts Martyn Ratcliffe, Chairman 01252-772300 David Sherriff, Chief Operating Officer Philip Wood, Group Finance Director Giles Sanderson, Financial Dynamics 020-7831-3113 Haya Chelhot, Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange
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