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Alere Inc. Statement Regarding Axis-Shield Offer
Date:10/5/2011

WALTHAM, Mass., Oct. 5, 2011 /PRNewswire/ --

Not for release, publication or distribution, in whole or in part, in, into or from Australia, South Africa, Japan or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction5 October 2011CASH OFFERBYALERE AS HOLDINGS LIMITED ("ALERE AS HOLDINGS" OR THE "OFFEROR")A WHOLLY-OWNED SUBSIDIARY OF ALERE INC. ("ALERE") FORAXIS-SHIELD PLC ("AXIS-SHIELD" OR THE "COMPANY")STATEMENT REGARDING THE OFFERThe Board of Alere would like to remind Axis-Shield Shareholders to accept the Offer of 460 pence per Axis-Shield Share in cash immediately, as it will remain open only until 1.00 p.m. (London time) (corresponding to 2.00 p.m. (Oslo time)) on 10 October 2011.

Should the number of valid acceptances required to be received in respect of the Offer (together with the number of shares in which Alere AS Holdings is interested) carry, in aggregate, more than 50 per cent. of the voting rights normally exercisable at general meetings of Axis-Shield, then it is Alere's intention to declare the Offer unconditional as to acceptances. As at the date of this announcement, Alere AS Holdings holds 14,950,000 Axis-Shield Shares, representing approximately 29.9 per cent. of the current issued share capital of Axis-Shield.

In the event that the Offer is not declared unconditional as to acceptances by 10 October 2011, it will lapse and, under the rules of the City Code, Alere would not be permitted to make another offer for Axis-Shield for a minimum period of twelve months, except with the consent of the Takeover Panel and as otherwise permitted by the City Code. Alere would also like to remind shareholders that there is no certainty that another offer for Axis-Shield would be made by Alere in the future, should the Offer lapse. Alere will, as Axis-Shield's largest individual shareholder, expect the Board of Axis-Shield, subject to its general fiduciary and regulat
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SOURCE Alere Inc.
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