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MediCult Acquires US-Based MidAtlantic Diagnostics to Further Strengthen ART Presence
Date:9/25/2008

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

customers

- Accelerating international sales via shared distributors and Medicult

subsidiaries in key global markets

- Gaining greater operational efficiencies through sales and marketing

synergies

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,
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SOURCE MediCult a/s
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