Hugin Ad hoc announcement according to 15 WpHG: Misc. matters: Jerini AG: Jerini AG Sets Offer Price for IPO.

(From Hugin)

Ad-hoc announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Ad-hoc Announcement pursuant 15 WpHG (German Securities Trading Act)

Berlin, November 1, 2005. - Jerini AG together with Credit Suisse First Boston and Deutsche Bank as Joint Global Coordinators and Joint Bookrunners has set the offer price of its initial public offering at 3.20 per share. A total of 15.5 million shares from a capital increase and 0.6 million additional shares from the over-allotment option have been allocated. Before exercise of the greenshoe option and the corresponding potential capital increase to cove over-allotments, the volume of placement will amount to 49.6 million. The company will receive the entire net proceeds from the transaction. Additional Information: ISIN: DE0006787476 Stock Exchange: Frankfurt Stock Exchange, Prime Standard Company For more information, please visit the Jerini website at www.jerini.de. Jerini AG Stacy Wiedenmann Director Investor Relations & Corporate Communications Invalidenstr. 117 10115 Berlin Tel.: + 49 30 97893 285 Fax.: + 49 30 97893 105 wiedenmann@jerini.de Important Note: This document, and the information contained therein, is directed solely at persons in Germany. This document does not constitute an offer to sell or a solicitation of an offer to buy securities. The offering in Germany is solely made through and on the basis of a prospectus to be published. The prospectus in the German language approved by the German Federal Financial Services Supervisory Authority ...