euro adhoc: Intercell AG / Mergers - Acquisitions - Takeovers / IOMAI shareholders approve acquisition by Intercell

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Company Information

01.08.2008

» Iomai shareholders voted in favour of the acquisition at the
special shareholder meeting on August 1, 2008 » Important closing
condition fulfilled - closing expected within the next few days

Vienna (Austria), August 1, 2008 - Intercell AG today announced that
the acquisition of Iomai by Intercell has been approved by the
shareholders of Iomai in a special meeting which was held today at
Iomai´s offices in Gaithersburg, MD. The merger was approved by 99,97
% of the votes cast - corresponding to more than 71% of the
outstanding shares entitled to vote at the special meeting. After
this important condition for the acquisition has been met, the
closing of the transaction is expected within the next few days.

Transaction Terms

As previously announced, on May 12, 2008, Iomai and Intercell AG
entered into an Agreement and Plan of Merger (the "Merger Agreement")
whereby Iomai agreed to be acquired by Intercell AG subject to the
terms and conditions of the Merger Agreement. Under the terms of
the Merger Agreement, Intercell will acquire Iomai for USD 6.60 per
share of Iomai´s common stock representing a fully diluted equity
value of Iomai of approximately USD 189 million (EUR 122 million).
Iomai´s public shareholders, representing approximately 59 percent of
Iomai´s outstanding common stock will receive cash. Certain of
Iomai´s largest shareholders (and their affiliates), together
representing approximately 41 percent of Iomai´s outstanding common
stock, agreed to exchange their shares for Intercell stock at an
exchange ratio corresponding to a value of USD 6.60 per share of
Iomai common stock upon closing.

end of announcement euro adhoc
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ots Originaltext: Intercell AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Intercell AG

Lucia Malfent

Head of Communications

Tel. +43 1 20620-303

lmalfent@intercell.com

Branche: Biotechnology
ISIN: AT0000612601
WKN: A0D8HW
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official market