Zwijnaarde, Belgium
1 October 2009

Regulated information

Today, Devgen issued 1,753,339 new shares for a total amount of € 14.7 million in a private placement. The new shares were placed with pre-identified investors at the average price of Devgen shares over the past 30 days, i.e. € 8.38 per share.

The pre-identified investors include O.G.B.B. A. van Herk B.V., Biovest CVA, represented by Mr. Rudi Mariën, member of the board of directors of Devgen nv. and Mr. Thierry Bogaert, managing director of Devgen nv.

With this transaction, the amount of shares increases with 9.8%. The shares will be issued and paid for at the closing of the transaction on 6 October 2009. It is expected that the shares will be admitted for listing on Euronext Brussels on or around the aforementioned date.

The proceeds of the offering will be used to grow Devgen's seeds and crop technology business in line with its business plan, in particular to accelerate the growth of its premium hybrid rice seed business and the introduction of its biotech traits in rice in the Indian subcontinent and South-East Asia.

Devgen was assisted in the transaction by KBC Securities (lead manager) and Kempen & Co (co-lead manager).

Website: http://www.devgen.com

Published: October 1, 2009