Commencement of subscription period for subsequent offering

Reference is made to the stock exchange notice dated 26 November 2009
regarding completion of private placement in DiaGenic ASA ("DiaGenic" or
the "Company"), and the resolution on subsequent offering made by the
Company's general meeting on 18 December 2009.

A Prospectus for the subsequent offering was approved by Oslo Børs and
made public on 22 January 2010. Reference is made to the prospectus for
full details on the subsequent offering. The prospectus is available
electronically at www.diagenic.com and by contacting the managers Argo
Securities AS (www.argosec.no) and Orion Securities AS
(www.securities.no).

The subscription period for the subsequent offering commences today, 25
January 2010 at 09:00 (CET), and expires on 8 February 2010 at 17:30
(CET).

The subscription price in the subsequent offering is NOK 2.75 per share.

The Company's shareholders per 25 November 2009, with the exception of
shareholders allocated shares in the private placement resolved by the
Company's board of directors on 25 November 2009, will receive 0.0853
transferable subscription rights for each existing share in the Company
per 25 November 2009. The number of subscription rights to be issued to
each shareholder will be rounded down to the nearest whole subscription
right. Each subscription right entitles the holder thereof to subscribe
for one new share in the subsequent offering. The subscription rights
will be traded on Oslo Børs in the subscription period under ticker
"DIAG T".

Oversubscription and subscription of shares without subscription rights
is permitted.

Upon completion of the subsequent offering, the share capital of the
Company will be increased by up to NOK 175,000 through issue of up to
3,500,000 new shares.

Subscribers of shares in the subsequent offering will receive one
warrant for each share allocated to the subscriber in the subsequent
offering. Each warrant will entitle the holder thereof to require
issuance of one new share in the Company for a subscription price of NOK
3.25. The warrants may be exercised in the period to and including 30
September 2010. Reference is made to the prospectus dated 21 January
2010, and the resolution made by the Company's general meeting on 18
December 2009 regarding issue of warrants, for further description of
applicable terms for exercise of warrants.

The expected time table for the subsequent offering is as follows:

25 January 2010: Commencement of subscription period and issue of
subscription rights
8 February 2010: End of subscription period
On or about 12 February 2010: Allocation, distribution of allocation
letters and announcement of the final result of the subsequent offering
16 February 2010: Payment date
On or about 23 February 2010: Listing and first day of trading of the
new shares on Oslo Børs. Issue of warrants

For further information, please contact:
Håkon Sæterøy (chairman of the board), telephone +47 92 69 51 75

This information is subject of disclosure requirement according to
section 5-12 of the Norwegian Securities Trading Act.