Genus PLC
8 March 2001
GENUS PLC ('GENUS')
FURTHER RE TRADING UPDATE
In response to the current outbreak of foot and mouth disease and the effect
this has had on Genus' operations, as identified in the company's previous
announcement of 1 March 2001, the board of Genus has taken the following
steps:
* 714 staff in the UK agricultural sections of the Breeding and Consulting
divisions and the head office staff have been put on short time working
hours or reduced salary to reduce staff costs by 20%
* All executive directors have taken a 20% cut in base salary
* All non-executive directors have waived their fees for March
These steps have been put into effect for the month of March. The board will
continue to review the situation as more information on the outbreak becomes
available, and is committed to protecting shareholder value in these extremely
difficult conditions.
Contact:
Richard Wood Genus plc Tel: 01270 536 501
Giles Elliott Bridgewell Corporate Finance Tel: 020 7523 5803
Charles Ryland Buchanan Communications Tel: 020 7466 5000