For Immediate Release 8 November 2011 Asterand plc Asterand Receives Contract Extension From NCI

Asterand plc ("Asterand" or the "Company" - LSE: ATD) announces today that, further to the announcement on 23 September 2011, it has received notification from the National Cancer Institute ("NCI") that it will grant the Company a no cost contract extension to 30 September 2014 for The Cancer Genome Atlas contract ("TCGA"). This extension will allow Asterand to realise unexpended funds for the initial $5.4m contract beyond the original expiration date of 23 February 2012.
Contacts:

Asterand plc

Jack Davis, Chairman and Interim Chief Executive Officer Tel: + 44 (0) 1763 211 600 / + 1 (313) 263-0960
Alan Fishman, Interim Chief Financial Officer As above

Buchanan Communications

Lisa Baderoon / Mark Court / Isabel Podda Tel: +44 (0) 20 7466 5000

Daniel Stewart & Company plc

Antony Legge Tel: +44 (0) 20 7776 6550
Martin Lampshire

About Asterand

Asterand plc is a leading supplier of high quality human tissue and tissue-based services. Our comprehensive approach to human tissue and research services offers pharmaceutical, biotech and diagnostic companies the unique opportunity to have one company meet all of their human biomaterial needs along the continuum of drug discovery and development. Our mission is to accelerate target discovery and compound validation and enable pharmaceutical and biotechnology companies to take safer and more effective drugs into the market. For more information about Asterand, go to www.asterand.com
- 1 -