Positive Preclinical Data

Evolutec Group PLC 27 February 2006 For immediate release 27 February 2006 EVOLUTEC GROUP PLC ('Evolutec' or 'Company') POSITIVE PHARMACOKINETIC PROFILE FOR rEV131 Further details in analyst briefing and webcast of Evolutec's results for the year ended 31 December 2005 to be announced on 28 February 2006 Evolutec Group plc (AIM: EVC), the biopharmaceutical company developing novel products for the treatment of allergic, inflammatory and autoimmune diseases, is pleased to announce a positive preclinical metabolic result for its lead molecule, rEV131. This study demonstrates that rEV131 has a favourable pharmacokinetic profile including: • a circulating half-life of approximately 8 hours; • uniform tissue distribution; and • 95 per cent clearance from the body via the renal route within 24 hours. This profile is well suited for a drug intended for use once or twice a day in indications such as allergic rhinitis (hay fever) and asthma. Furthermore, the trial showed that rEV131 does not cross the blood brain barrier, reducing the possibility of unwanted effects such as drowsiness. Mark Carnegie Brown, Evolutec's Chief Executive Officer, commented: 'This result underpins the potential of rEV131, our lead drug product candidate. It also endorses Evolutec's technology and approach, which is based around proteins sourced from the saliva of ticks.' Further details will be included in a briefing tomorrow for analysts on Evolutec's 2005 results, which will be held at 10.30am (28 February 2006) at the offices of Buchanan Communications, 45 Moorfields, London EC2Y 9AE. The briefing will also be webcast live. To connect to the webcast, please go to the Company's website: http://www.evolutec.co.uk approximately 10 minutes (10.20am) before the start of the briefing. The webcast will also be available for replay shortly after the presentation. ENDS For further information: Evolutec 0118 922 4480 Mark Carnegie Brown, Chief Executive Officer Nicholas Badman, Chief Financial Officer www.evolutec.co.uk Buchanan Communications 020 7466 5000 Mark Court/Tim Anderson/Mary-Jane Johnson Notes for Editors: About Evolutec Evolutec is a biopharmaceutical company developing drugs for allergy, inflammation and autoimmune disease. Evolutec's lead drug candidate, rEV131 has efficacy in both acute and chronic respiratory indications including allergic rhinitis (hay fever) and asthma. In 2005, Evolutec announced a positive result for rEV131 in a 112 patient Phase IIa proof of concept study in allergic rhinitis. rEV131 met the primary efficacy endpoint (p < 0.05). In addition, rEV131 showed efficacy against mucus and congestion, the most difficult to treat symptoms of rhinitis as well as a rapid onset of action. Evolutec intends to carry out additional proof of concept Phase II trials with rEV131 in post-cataract surgery and dry eye. Positive preclinical data has also been generated in asthma. rEV131 is a histamine binding protein and is understood to be the only product currently in clinical trials that impacts the recently discovered H4 receptor, a receptor implicated in many forms of inflammatory disease. The Company has a further two molecules in preclinical development. rEV576, a complement inhibitor that was very effective in a preclinical model of myasthenia gravis, and rEV598, which is being evaluated in carcinoid syndrome and CINV (chemotherapy-induced nausea and vomiting). Evolutec is working with Merial to develop anti-tick and anti-tick borne disease vaccines. Evolutec, which is based in Reading, UK, was founded in 1998 to exploit research carried out by the Natural Environment Research Council. Evolutec's drugs were first isolated from the saliva of ticks but are now manufactured by bacterial fermentation procedures. The tick remains undetected by its hosts, including humans, by injecting an array of molecules into the skin that suppresses normal defence mechanisms. These stealth molecules have evolved over millions of years to enable the tick to take a blood meal from its host. Evolutec employs the tick's evolutionary stealth technology to offer the potential of treating human diseases. Safe Harbour statement: this news release may contain forward-looking statements that reflect the current expectations of the Company regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion of clinical studies, the uncertainties related to the regulatory process, the successful integration of completed mergers and acquisitions and achievement of expected synergies from such transactions, and the ability of the Company to identify and consummate suitable strategic and business combination transactions. This information is provided by RNS The company news service from the London Stock Exchange
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