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The Board of Directors of Biohit Plc. de

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BIOHIT PLC   PRESS RELEASE   14.6.1999   9:15 P.M.               1 (1)

The Board of Directors of Biohit Plc. decided to discontinue the share
issue directed to Finnish and international institutional investors as
well  as  the  Finnish public due to oversubscription of the  directed
issue.  The Extraordinary Shareholders' Meeting of Biohit Plc. decided
on  June  13,  1999 to carry out the directed issue. The Extraordinary
Shareholders' Meeting decided to change the terms of the  share  issue
proposed  by  the  Board of Directors and described  in  the  Offering
Circular  so that the size of the share issue was reduced to 2.000.000
B-shares in order to create good preconditions for the development  of
the share price on the secondary markets. The demand for the shares of
the  Company was also active before the subscription period  prior  to
the  Extraordianry  Shareholders' Meeting, and  the  share  issue  was
oversubscribed  also  in  comparison with the  original  4.000.000  B-
shares.   In  particular,  the  interest  shown  by  the  public   was
considerable. Altogether approx. 3.100 subscriptions, of  which  2.900
were  subscriptions made by the public, were made in the  share  issue
discontinued  today. It is estimated that the Board of Directors  will
make  a  decision  concerning the distribution  of  the  shares  among
institutional  investors and the public on June 16, 1999.  A  separate
press release will be issued concerning this decision.

Biohit Plc.

Further information: Osmo Suovaniemi, President, tel: 09-773 861, fax:
773 86 205

Distribution:  Helsinki Exchanges
               Press

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