Product Development Pipeline - Progress

The Acquisition materially enhances Animalcare’s portfolio of intellectual property and trademarks, which will help to protect the Enlarged Group’s overall market position. Together, the Enlarged Group will have a broader and more diversified new product development pipeline, supported by the greater cash generation of the Enlarged Group.

The combined new product development pipeline of the Enlarged Group is as follows:

Product development pipeline

* CAP: companion animal products; FAP: farm (production) animal products; EQ: equine products