OXFORD BIOMEDICA (OXB): MODERATED CHART AND DISCUSSION THREAD

It was this time two years ago that OXB received a take-over approach and I consider the discussions could have been reactivated in association with the progress and discussions on TroVax, and now lead to an offer for the Company.

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RNS Number:5268H
Oxford Biomedica PLC
19th January 2005

Response to Share Price Movement

The Board of Oxford BioMedica notes the recent movement in the Company's share price. The Board confirms that it has received an approach from a third party and that it is in discussions regarding a potential merger.

The Board wishes to stress that discussions are at an early stage and may or may
not lead to an offer for the Company.