Millipore Completes Acquisition of Serologicals

Acquisition Will Transform Millipore into a $1.4 Billion Life Science Leader with Leading Positions in Rapidly Growing Markets

BILLERICA, Mass.--(BUSINESS WIRE)--July 17, 2006--Millipore Corporation (NYSE: MIL) announced today that it has completed its acquisition of Serologicals following approval by Serologicals' shareholders last week. The acquisition will transform Millipore into a life science industry leader with combined annual revenues of approximately $1.4 billion, based on 2006 full year projections.

"The strategic combination of Millipore and Serologicals will enable us to leverage the complementary capabilities and resources of both companies," said Martin Madaus, Chairman & CEO of Millipore. "We are gaining high-value, differentiated products in important growth segments such as drug discovery products and services, nucleic function, stem cell research, and cell culture supplements. Our combined global field organization of approximately 1,200 professionals, which includes some of the most technically advanced experts in the industry, will have the ability to sell a broad portfolio of innovative products and further expand our presence in emerging international markets. We now have a well-balanced growth profile between our Bioscience and Bioprocess Divisions, which will allow us to effectively execute our long-term strategy."

Strategic Rationale for Serologicals Acquisition

Expands Bioscience product portfolio into fast growing markets
Extends Bioprocess footprint into upstream biopharmaceutical manufacturing
Accelerates revenue growth
Increases profitability with addition of high-margin consumable products
Establishes important critical mass

The combined organization of approximately 5,800 employees will also have significantly expanded R&D capabilities with more than 500 R&D professionals worldwide. With the addition of Serologicals' R&D capabilities, Millipore will be able to pursue new markets, accelerate investment in new products, and bring together the applications expertise of both companies to generate value for customers.

About Millipore

Millipore is a leading provider of products and services that improve productivity in biopharmaceutical manufacturing and in clinical, analytical and research laboratories. The Company is organized in two operating divisions. Its Bioprocess Division helps enables pharmaceutical and biotechnology companies to optimize their manufacturing productivity, ensure the quality of drugs, and scale up the production of difficult-to-manufacture biologics. Its Bioscience division helps to optimize laboratory productivity and workflows by providing reagents, kits and other enabling technologies and products for life science research and development. Millipore has a deep understanding of its customers' research and manufacturing process needs, and offers reliable and innovative tools, technologies and services. The Company is part of the S&P 500 index and employs approximately 5,800 employees in more than 47 offices worldwide. For additional information on Millipore Corporation, please visit its website at: www.millipore.com.

Forward Looking Statements:

The matters discussed herein, as well as in future oral and written statements by management of Millipore Corporation that are forward-looking statements, are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.

Potential risks and uncertainties that could affect Millipore's future operating results include, without limitation, the inability to successfully integrate Serologicals or other acquired businesses, failure to achieve design wins into our pharmaceutical and biotechnology customers' manufacturing design phase for a particular drug; delay, suspension or termination of a customer's volume production; lack of availability of raw materials or component products on a timely basis; regulatory delay in the approval of new therapeutics; limitations on cash flow for operations and investment due to increased debt service obligations; the inability to establish and maintain necessary product and process quality levels; reduced demand for cell culture products using bovine serum; the inability to realize the expected benefits of development, marketing, licensing and other alliances; competitive factors such as new membrane or chromatography technology; the inability to achieve anticipated cost benefits of our supply chain initiative; risks relating to our concentration of principal manufacturing operations; the inability to utilize technology in current or planned products due to overriding rights by third parties; potential environmental liabilities; conditions in the economy in general and in the bioscience and bioprocess markets in particular; foreign exchange fluctuations; reduced private and government research funding; exposure to product liability claims; and difficulties inherent in transferring or outsourcing of manufacturing operations. Please refer to our filings with the SEC, including our most recent Annual Report on Form 10-K, for more information on these and other risks that could cause actual results to differ.

CONTACT: Millipore Corporation
Joshua Young, 978-715-1527 or 800-225-3384
Director, Investor Relations
joshua_young@millipore.com

SOURCE: Millipore Corporation

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