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Dow AgroSciences Announces Early Exercise of Option for Commercial License With Sangamo BioSciences for Plants
Date:6/18/2008

Dow AgroSciences Will Sublicense Sangamo's Technology in Plant Agriculture

Under the Trademark EXZACT(TM) Precision Traits

SAN DIEGO, June 18 /PRNewswire-FirstCall/ -- Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company (NYSE: DOW), announced today at the 2008 BIO International Convention that it has exercised its option to obtain a commercial license to zinc finger technology from Richmond, Calif.-based Sangamo BioSciences (Nasdaq: SGMO). The license allows Dow AgroSciences to commercialize products incorporating or developed from plant cells using Sangamo's zinc finger DNA-binding protein (ZFP(TM)) technology, in agricultural crops, industrial products and plant-derived biopharmaceuticals. Sangamo and Dow AgroSciences have been collaborating in research to apply ZFP technology to plants under a three-year research and commercial license option agreement initiated in October 2005. Dow AgroSciences exercised its commercial option four months before expiration of the option period.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080618/AQW037)

Dow AgroSciences and Sangamo BioSciences will host a media briefing at 2:00 p.m. (PT) at the 2008 BIO International Convention in San Diego. Sangamo will host live webcast of the briefing which may be accessed via a link on the Sangamo BioSciences Web site in the Investor Relations section

SOURCE Sangamo BioSciences, Inc.
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