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MediCult Acquires US-Based MidAtlantic Diagnostics to Further Strengthen ART Presence

t strong additional exposure to the world's largest

IVF market with US sales driven by a dedicated 5 person sales team

- Complementing MediCult's current product portfolio within ART products

and thus enabling further potential for product bundling to its target


- Accelerating international sales via shared distributors and Medicult

subsidiaries in key global markets

- Gaining greater operational efficiencies through sales and marketing


Updated FY Guidance

The impact on the FY Guidance of the acquisition of MidAtlantic Diagnostic for Q4 2008 is estimated to be:

Previous Guidance as of August 21, 2008 New Guidance as of September

26, 2008

- Topline growth ~ 35% of which >10% - Topline growth > 45% of which

organic >10% organic

- GCM of 65-70% - GCM of 60-65%

- EBITA% 10-12% - EBITA% 8-10% (due to IFRS 3*)

- Cash flow from operations >= 10 - Cash flow from operations >=

million 10 million

*In the new guidance, the effect of accounting rule IFRS 3 on inventory is estimated to be a maximum of DKK 4,5 million thus decreasing GCM and EBITA. Excluding these charges EBITA% guidance for FY 2008 after the acquisition would have been 10-12%.

About MediCult a/s

MediCult a/s is a leader in delivering leading innovative ART solutions to the benefit of families. Through innovation and product advancements, MediCult aims to help the number 1 dream of every infertile couple come true. In 2007, it was estimated that a child is born every 8 minutes after conception using a MediCult product. MediCult, which is located in Jyllinge, Denmark and has subsidiaries in 8 countries, is listed on the Oslo Stock Exchange (MEC). For further information,

SOURCE MediCult a/s
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