DiaGenic provides update on its financing process

Based inter alia on the announced negative results of the validation study for MCItect®, and further to the announced cost reduction programme for DiaGenic ASA (the “Company”), the board of directors has decided to intensify the efforts to obtain equity financing, or facilitate an asset or trade sale. The Company has appointed DNB Markets to assist in this process (contact details below). If a solution for the Company’s working capital requirement is not identified in the near future, the board of directors will evaluate the financial basis for the Company’s future operations.

Contact:

Paul de Potocki, CEO

Telephone: 47 2324 8950

e-mail: paul.depotocki@diagenic.com

Ruben Ekbråten, CFO

Telephone: 47 2324 8950

E-mail: ruben.ekbraten@diagenic.com

Contact details for DNB Markets:

Corporate Finance

Tel: +47 23 26 81 01

About DiaGenic ASA

DiaGenic is an innovative Norwegian diagnostic company that seeks to create value for patients, partners and investors by developing innovative and patient friendly in vitro diagnostic (IVD) products for early detection of diseases. The company’s proprietary concept implies that a disease evokes systemic responses in the blood unique for the disease, and which can be measured by using a blood sample. DiaGenic is a world leader in identifying gene expression signatures in blood and is focused on the development of IVD biomarker products in the field of Alzheimer’s disease. The company protects its technology through an extensive patent portfolio. DiaGenic is listed on the Oslo Stock Exchange. For more information please visit: www.diagenic.com