Contract Win

Genus PLC 14 December 2004 For Immediate Release 14 December 2004 Genus plc Contract Win Genus plc ('Genus') the Global bovine genetics company announces that it has won the first of a series of new contracts to supply an Iraqi wholesale company with bull semen. Genus beat competition to re-open the supply of semen through the Iraqi wholesale company HMBS, (M. Mahmood J.Al Bunnia and Sons Company), which is one of the largest private sector companies in Iraq with bull semen. HMBS has been appointed as the Genus exclusive distribution agent in Iraq. Besides being a major civil engineering contractor, HMBS operates a 6,000 cow dairy and acts as an agricultural wholesaler. The Iraqi market, although small by European standards is both fast growing and highly priced. The first order of 5,000 doses has already been cleared by the reconstruction authority in Iraq and an import permit into Iraq is being approved. Middle East regional sales have increased this year by 25% to $1million. New agents have been appointed in Tunisia and sales to Iran are increasing. The Iran market comprises 2 million cows, similar in size to that in the UK. Sales have grown by 30% there. By contrast, Iraq is a small market with only 40,000 cows. However, it comprises top farmers who are seeking the very best genetics so that prices are high. Richard Wood, Chief Executive of Genus, commented: 'I am delighted to announce that Genus has won this small, but prestigious, contract to supply HMBS in Iraq. As our new agents, we are looking for a growing business relationship, in line with our stated strategy of growing the business of our bovine genetics division into new markets throughout the world.' Contact: Richard Wood Chief Executive Tel: 01256 347101 David Timmins Finance Director Tel: 01256 347102 Charles Ryland/Suzanne Brocks Tel: 020 7466 5000 Buchanan Communications This information is provided by RNS The company news service from the London Stock Exchange

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Genus (GNS)
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