Disposal of SyAqua Mexico

Genus PLC 04 October 2007 For Immediate Release 4 October 2007 Genus plc Disposal of SyAqua Mexico Genus plc, a world leading animal genetics company, is pleased to announce the disposal of its SyAqua Mexico shrimp business for a total consideration of $2.6m (£1.3m) in cash. For the year ended 30 June 2007, SyAqua Mexico generated turnover of £2.4m and an operating profit of £0.5m with net assets of £0.8m. Commenting on the disposal Richard Wood, Chief Executive, said 'We are continuing to implement our strategy for non-core business disposals, and the three SyAqua shrimp businesses in Brazil, Thailand and Mexico have now been sold.' For further information please contact: Genus plc Tel: 01256 345970 Richard Wood, Chief Executive Martin Boden, Finance Director Buchanan Communications Tel: 020 7466 5000 Charles Ryland / Suzanne Brocks This information is provided by RNS The company news service from the London Stock Exchange

Companies

Genus (GNS)
UK 100

Latest directors dealings