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TRANSGENE RAISES EURO 34.9 MILLION

July 12, 2005

Transgene has announced the results of its capital increase in the form of an offering of shares with warrants (actions a bon de souscription d'actions or ABSA). The company raised a total of euro 34.9 million corresponding to the subscription of 4,657,500 ABSA at euro 7.50. The capital increase being oversubscribed 2.2 times, the 15% extension clause was put into effect. The ABSA were placed mainly in France, Benelux, the UK, Switzerland and Germany.

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