NOMAD BIOSCIENCE GmbH, Munich, Germany (“NOMAD”) is pleased to announce that it has completed the share transfer agreement previously announced on August 6, 2015 with DENKI KAGAKU KOGYO KABUSHIKI KAISHA, Tokyo, Japan (“DENKA”) regarding sale in two phases of all of the shares of Icon Genetics GmbH (“ICON”), NOMAD’s wholly owned subsidiary. The transfer was completed on August 20, 2015. NOMAD has sold 51% of ICON's shares to DENKA ("First Phase") as a result of which ICON has become a subsidiary of DENKA, and after two years of implementation of the First Phase, DENKA will acquire the remaining 49% of
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