Preliminary result of the subsequent offering

Preliminary counts indicate that DiaGenic has received subscriptions for

approximately 92,738,974 shares in the subsequent offering closed

yesterday. This represents approximately 155 percent of the total number

of offered shares in the subsequent offering. Allocation of offer shares

to the subscribers is expected to be resolved by the board of directors

of DiaGenic on or about 23 November 2010.

Reference is made to the stock exchange notice dated 3 November 2010 and

the prospectus dated 2 November 2010 regarding a subsequent offering of

up to 60,000,000 offer shares in DiaGenic ASA ("DiaGenic" or the

"Company"), each with a nominal value of NOK 0.05, at a subscription

price of NOK 0.50 per share with subscription rights for shareholders of

the Company as of 6 October 2010, except shareholders who were allocated

shares in the private placement completed on 6 October 2010.

The subscription period for the subsequent offering expired yesterday,

17 November, 2010 at 17:30 (CET). By the end of the subscription period,

preliminary counts indicate that DiaGenic has received subscriptions for

approximately 92,738,974 shares. This represents approximately 155

percent of the total number of offered shares in the subsequent

offering.

Allocation of offer shares to the subscribers is expected to be resolved

by the board of directors of DiaGenic on or about 23 November 2010,

following settlement of trading in the subscription rights in the VPS,

in accordance with the allocation criteria set out in the prospectus.

The final result of the subsequent offering is expected to be published

through Oslo Børs' information system on or about 23 November2010 and

notifications of allocated shares and the corresponding subscription

amount to be paid by each subscriber are expected to be distributed in

letters from VPS on or about the same date. The payment date for the

allocated shares is 26 November 2010.

The offer shares to be issued in the subsequent offering will not be

tradable until the shares have been fully paid and the share capital

increase has been registered in the Norwegian Register of Business

Enterprises.

DnB NOR Markets acted as manager in the subsequent offering.

Contact:

Erik Christensen, CEO

Telephone: 47 95939918

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