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SIP Sipef

53.00
-0.40 (-0.75%)
Last Updated: 12:01:51
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sipef EU:SIP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.75% 53.00 52.60 53.00 53.20 52.60 53.00 447 12:01:51

Disposal

03/12/2003 3:15pm

UK Regulatory


    FOR IMMEDIATE RELEASE

3 December 2003

SCIPHER PLC

Scipher sells 3D Sound business valued at US$6.4 million

The technology development and licensing company, Scipher plc ("Scipher"), is
pleased to announce that it has today completed the sale of its 3D Sound
business to Creative Technology Ltd. ("Creative") (Nasdaq: CREAF), the
worldwide leader in digital entertainment products for PC users.

Creative has acquired the business and assets of Scipher's 3D Sound business,
Sensaura, including the intellectual property and commercial agreements
relating to the business.

Creative paid cash on completion of $5.6 million and, in addition, Scipher has
retained the outstanding trade debtors of $US0.8 million, valuing the Sensaura
business at US$6.4 million. The proceeds of the disposal will be used to
strengthen Scipher's balance sheet.

Dr Rudolph Burger, Chief Executive Officer of Scipher said: "The sale of
Sensaura demonstrates Scipher's ability to create value from commercialising
IP, either through licensing or the development of IP-protected businesses
which are then spun out or sold."

Scipher was advised by Regent Associates, the leading European M&A advisory
firm focusing exclusively on technology, media and telecoms.

Scipher also announces that it will publish its interim results for the six
months ended 30 September 2003 on Wednesday 17 December 2003.

Enquiries

Financial Dynamics:                                                            
                                                                               
James Melville-Ross                     Tel: 020 7831 3113                     
                                                                               
Juliet Clarke                           Tel: 020 7831 3113                     
                                                                               
Scipher plc:                                                                   
                                                                               
Dr Ruldolph Burger, CEO                 Tel: 020 8848 6555                     
                                                                               
Michael Kendon                          Tel: 020 8848 6444                     

About Scipher

Scipher is a technology development and licensing company that delivers value
from IP in two principal ways:

  * Product licensing and sale - commercialising Scipher-owned technology in
    high growth markets through licensing or the sale of developed products
   
  * Patent Licensing - building on Scipher's extensive experience on IP
    management to create value for clients by exploiting their IP assets
    through licensing.
   
Scipher's portfolio of advanced technology products and know-how covers the
markets for Displays, Secure Identification, Communications, and Sensors.
Approximately half of Scipher's revenues are earned outside the UK in
approximately 50 countries.

Scipher is backed by more than 70 years in advanced R&D, including developments
of such historic importance as stereo recording, television broadcasting and
the medical CT scanner, which in 1979 won a Nobel Prize for its inventor. For
more information on Scipher, visit the website: www.scipher.com



END



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