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BIOHIT PLC. HAS ACQUIRED THE ENTIRE SHAR

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BIOHIT PLC.  STOCK EXCHANGE RELEASE  15.5.2000 at  15:00     1 (1)

BIOHIT PLC. HAS ACQUIRED THE ENTIRE SHARE CAPITAL OF OY FINIO AB


Biohit  acquired  on  May 15, 2000 the entire  share  capital  of  the
Finnish  company  Oy Finio Ab and, as a result, 51 %  of  the  Russian
Finnbio  Ltd.,  which  acts  primarily as the  distributor  of  Biohit
products  in   Russia  and  other   CIS-countries.   Biohit  Plc.  has
previously owned 5% of the shares of Finnbio Ltd. As a result  of  the
acquisition  the  shares and votes of Biohit  increased  to  56%.  The
business   activities  of  Oy  Finio  Ab  focus   primarily   on   the
administration and organizing of subcontracts originating from Western
countries which are targeted to Finnbio Ltd. The purchase price of the
shares of Oy Finio Ab totalled to MFIM 1,1. The net sales of Oy  Finio
Ab  for  fiscal year having ended on August 31, 1999 totalled to  MFIM
3,7  (net  sales  August 31, 1998 MFIM 16,6) and the profit  MFIM  0,2
(profit  August 31, 1998 MFIM 0,3). The net sales of Finnbio Ltd.  for
fiscal  year having ended on December 31, 1999 totalled to  MFIM  10,6
(net  sales December 31, 1998 MFIM 5,9) and profit MFIM 1,0  (December
31,  1998  loss MFIM 0,6). Irrespective of the economic crisis  facing
Russia,  the  financial situation of both companies can be  considered
satisfactory.


Biohit Plc.
Helena Hentola
Information Management

Additional information:  Osmo Suovaniemi, President & CEO, tel: +358-9-
                         773 861, direct: +358-9-773 86 250, mobile:
                         +358-50 556 5605, fax: +358-9-773 86 205

http://www.biohit.com

Distribution:            Helsinki Exchanges
                         The Financial Supervisory Authority
                         Press

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