Result of EGM

Cambridge Antibody Tech Group PLC
16 December 2004


FOR IMMEDIATE RELEASE

13.15 GMT, 8.15 EST, Thursday 17 December 2004

For further information contact:            Weber Shandwick Square Mile (Europe)
                                            Tel: [phone]
Cambridge Antibody Technology               Kevin Smith 
Tel: [phone]                   Sarah MacLeod  
Peter Chambre, Chief Executive Officer       
John Aston, Chief Financial Officer
Rowena Gardner, Director of Corporate
Communications                               BMC Communications/
                                             The Trout Group(USA)
                                             Tel: [phone]
                                             Brad Miles, ext 17 (media)
                                             Brandon Lewis, ext 15 (investors)

CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC ANNOUNCES RESULT OF EGM

Cambridge, UK... Cambridge Antibody Technology Group plc (LSE: CAT; NASDAQ:
CATG) announces that at its Extraordinary General Meeting, held earlier today,
all resolutions were duly passed.

Application has been made to the UK Listing Authority and the London Stock
Exchange for 10,217,983 new ordinary shares in relation to AstraZeneca's
subscription to be admitted to the Official List and to be admitted to trading
on the London Stock Exchange's market for listed securities. It is expected that
admission of the new ordinary shares will become effective and dealings in them
will commence on 17 December 2004 and not on 21 December 2004 as set out in the
listing particulars dated 26 November 2004. The new ordinary shares will rank
pari passu with the existing ordinary shares.

                                     -ENDS-

Notes to Editors
Cambridge Antibody Technology (CAT):

   • CAT is a biopharmaceutical company using its proprietary technologies
     and capabilities in human monoclonal antibodies for drug discovery and drug
     development. Based near Cambridge, UK, CAT currently employs around 280
     people.
   • CAT is a leader in the discovery and development of human therapeutic
     antibodies and has an advanced proprietary platform technology for rapidly
     isolating human monoclonal antibodies using phage display and ribosome
     display systems. CAT has extensive phage antibody libraries, currently
     incorporating more than 100 billion distinct antibodies. These libraries 
     form the basis for the Company's strategy to develop a portfolio of 
     antibody-based drugs.
   • Four CAT human therapeutic antibody products are now at various stages
     of clinical development, with one further product candidate in pre-clinical
     development.
   • HUMIRA, the leading CAT-derived antibody, isolated and optimised in
     collaboration with Abbott, has been approved for marketing as a treatment
     for rheumatoid arthritis in 51 countries. Six further licensed CAT-derived
     human therapeutic antibodies are in clinical development, with six further
     licensed product candidates in pre-clinical development.
   • CAT has alliances with a number of pharmaceutical and biotechnology
     companies to discover, develop and commercialise human monoclonal
     antibody-based products. In particular, CAT has a broad collaboration with
     Genzyme for the development and commercialisation of antibodies directed
     against TGF, a family of proteins associated with fibrosis and scarring. 
     This collaboration has so far given rise to one antibody product candidate 
     at clinical development stage, and one at pre-clinical development stage.
   • CAT has also licensed its proprietary technologies to several companies.
     CAT's licensees include: Abbott, Amgen, Chugai, Genzyme, Human Genome
     Sciences, Merck & Co, Pfizer and Wyeth Research.
   • CAT is listed on the London Stock Exchange and on NASDAQ. CAT raised
     £41m in its IPO in March 1997 and £93m in a secondary offering in March
     2000.

Application of the Safe Harbor of the Private Securities Litigation Reform Act
of 1995: This press release contains statements about Cambridge Antibody
Technology Group plc ("CAT") that are forward looking statements. All statements
other than statements of historical facts included in this press release may be
forward looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934. These forward looking statements are based on numerous 
assumptions regarding the company's present and future business strategies and 
the environment in which the company will operate in the future.Certain factors 
that could cause the company's actual results, performance or achievements to 
differ materially from those in the forward looking statements include: market 
conditions, CAT's ability to enter into and maintain collaborative arrangements, 
success of product candidates in clinical trials, regulatory developments and 
competition. We caution investors not to place undue reliance on the forward 
looking statements contained in this press release.  These statements speak only 
as of the date of this press release, and we undertake no obligation to update 
or revise the statements.




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