BTG plc ("BTG") and Protherics PLC ("PROTHERICS"): Offer Update - Intended Date of Posting of Offer Documents

BTG plc ("BTG") and Protherics PLC ("PROTHERICS"): Offer Update - Intended Date of Posting of Offer Documents

BTG plc ("BTG") and Protherics PLC ("PROTHERICS"): Offer Update - Intended Date of Posting of Offer Documents

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

London, 16 October 2008

BTG plc ("BTG) and Protherics PLC ("PROTHERICS")

Offer Update: Intended Date of Posting of Offer Documents

Further to the announcement of the recommended all share offer by BTG for Protherics on 18 September 2008 (the "Recommended Offer"), the board of BTG and the Independent Directors of Protherics hereby announce that the Scheme Document relating to the Recommended Offer will be sent to Protherics Shareholders on 17 October 2008, together with a copy of the BTG Prospectus relating to the New BTG Shares to be issued in connection with the Recommended Offer.

At the same time, BTG will send a copy of the BTG Prospectus and the BTG Circular to BTG Shareholders.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the announcement dated 18 September 2008 referred to above.

Enquiries:

BTG

Christine Soden, Chief Financial Officer
Andy Burrows, Director of Investor Relations
Tel: 020 7575 0000

 

Protherics

Andrew Heath, Chief Executive Officer
Rolf Soderstrom, Chief Financial Officer
Tel: 020 7246 9950

 

Rothschild (financial adviser to BTG)

Dr Lynn Drummond
Tel: 020 7280 5000

 

Jefferies (financial adviser to Protherics)

Ian Crosbie
Chris Snoxall (corporate broking)
Tel: 020 7029 8000

 

Piper Jaffray (joint broker and advisor to BTG)

Neil Mackison/Jamie Adams
Tel: 020 3142 8700

 

Credit Suisse (joint broker and advisor to BTG)

Stephanie Leouzon/Tristan Lovegrove
Tel: 020 7888 8000

 

Nomura Code Securities (broker to Protherics)

Chris Collins
Tel: 020 7776 1200

 

Financial Dynamics

Ben Atwell
Tel: 020 7831 3113

 

Rothschild, which is authorised and regulated in the UK by the Financial Services Authority, is acting as financial adviser and sponsor to BTG in connection with the Recommended Offer and no-one else and will not be responsible to anyone other than BTG for providing the protections afforded to clients of Rothschild nor for providing advice in relation to the Recommended Offer nor any other matter referred to in this announcement.

Jefferies, which is authorised and regulated in the UK by the Financial Services Authority, is acting as financial adviser and broker to Protherics in connection with the Recommended Offer and no-one else and will not be responsible to anyone other than Protherics for providing the protections afforded to clients of Jefferies nor for providing advice in relation to the Recommended Offer nor any other matter referred to in this announcement.

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