RNS Number:2164D
Cambridge Antibody Tech Group PLC
4 January 2000


DOCUMENT RE:

Collaboration Agreement and proposed equity investment

Collaboration agreement with GD Searle & Co
Proposed issue of 1,870,837 New Ordinary Shares of 10p each
to Monsanto Europe SA (an affiliate of GD Searle & Co)
at 415 pence per share

A copy of the above is available for inspection from the Company Announcements
office of the London Stock Exchange.

END
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