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Techne Corporation Releases Unaudited Fourth Quarter Results for Fiscal Year 2009
Date:8/4/2009

--- --- ----- Total operating expenses 13,799 15,080 57,688 60,244 ------ ------ ------ ------ Operating income 36,435 38,801 150,780 144,287 Other income (expense): Interest income 1,038 2,783 7,634 12,188 Other non-operating expense, net (49) (1,079) (3,051) (2,644) ---- ------- ------- ------- Total other income 989 1,704 4,583 9,544 --- ----- ----- ----- Earnings before income taxes 37,424 40,505 155,363 153,831 Income taxes 12,038 13,248 50,121 50,273 ------ ------ ------ ------ Net earnings $25,386 $27,257 $105,242 $103,558 ======= ======= ======== ======== Earnings per share: Basic $0.68 $0.70 $2.78 $2.65 Diluted $0.68 $0.70 $2.78 $2.64 Weighted average common shares outstanding: Basic 37,248 38,665 37,802 39,139 Diluted 37,332 38,788 37,900 39,247

                        TECHNE CORPORATION
                   CONSOLIDATED BALANCE SHEETS
                          (In thousands)
                           (Unaudited)

    ASSETS                                     6/30/09  6/30/08
    ------                                     -------  -------
    Cash and equivalents                      $160,940 $166,992
    Short-term available-for-sale investments   41,947   39,353
    Trade accounts receivabl
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