23 December 2010

GENEART AG: Squeeze Out of Minority Shareholders and Domination Agreement with Applied Biosystems Deutschland GmbH Effective

Regensburg, December 22, 2010 - The extraordinary general meeting of GENEART AG, Regensburg, on November 12, 2010 resolved upon the transfer of the shares of GENEART AG's minority shareholders to the majority shareholder Applied Biosystems Deutschland GmbH, Darmstadt, in accordance with §§ 327a et seq. German Stock Companies Act (AktG) against payment of an adequate cash consideration.

The transfer of GENEART AG's minority shareholders' shares to Applied Biosystems Deutschland GmbH was registered with the Commercial Register of GENEART AG at the Local Court of Regensburg on December 21, 2010. As per this registration with the Commercial Register all shares of GENEART AG's minority shareholders transferred to Applied Biosystems Deutschland GmbH by operation of law. Pursuant to the transfer resolution the excluded minority shareholders of GENEART AG are entitled to receive a cash consideration of EUR 14.60 per share of GENEART AG. The payment of the cash consideration to the excluded minority shareholders has already been arranged for and will be accomplished soon. The excluded minority shareholders do not have to make any arrangements regarding the receipt of the cash consideration. The listing of the shares of GENEART AG at the Frankfurt Stock Exchange (Entry Standard) will likely end soon.

GENEART AG's extraordinary general meeting on November 12, 2010 also approved the conclusion of a domination agreement with Applied Biosystems Deutschland GmbH as dominating entity. The domination agreement was also registered with the Commercial Register of GENEART AG at the Local Court of Regensburg on December 21, 2010. Upon this registration also the domination agreement has become effective.

For further inquiries, please contact:
Frank Ostermair
Better Orange IR & HV AG
Haidelweg 48
81241 Munich
Germany
Phone: +49-(0)89-8896906-10
Fax: +49-(0)89-8896906-66
info@better-orange.de
www.better-orange.de