WATERLAND BECOMES REFERENCE SHAREHOLDER IN ARSEUS

Waregem (Belgium), 9  November 2009  (07:30 CET) -  Omega Pharma  NV,
Arseus NV  and  Waterland Private  Equity  Investments  ('Waterland')
jointly announce  today  that  Waterland  has  signed  agreements  to
purchase a minority 25.10% interest  in Arseus. Via its fourth  fund,
Waterland will purchase 7,500,000  shares (24.04%) from Omega  Pharma
and 330,000  shares (1.06%)  from  Couckinvest NV  at 8.00  euro  per
Arseus share, plus an earn-out of up to 2.75 euro per share,  payable
when Waterland  exits,  depending  on the  future  shareholder  value
created by Arseus.  Completion of  the transaction  is scheduled  for
25 November 2009.

Arseus, the  former Professional  Health  Division of  Omega  Pharma,
became an independent entity on 5 October 2007 via an IPO. After  the
IPO, Omega Pharma held 7,500,000 Arseus shares or 24.04% of the total
shares in issue.

Based on the denominator of  31,195,121 (total number of shares)  and
the relevant  notifications  received  by  Arseus,  the  shareholding
structure after completion of the transaction will be as follows:


+-------------------------------------------------------------------+
| Arseus                   | Number of shares | Percentage of total |
|--------------------------+------------------+---------------------|
| Waterland Private Equity |        7,830,000 |              25.10% |
| Fund IV CV               |                  |                     |
|--------------------------+------------------+---------------------|
| Couckinvest NV / Coucke  |        3,528,080 |              11.31% |
|--------------------------+------------------+---------------------|
| Fortis Investment        |        2,756,357 |               8.84% |
| Management SA            |                  |                     |
|--------------------------+------------------+---------------------|
| Arseus NV (treasury      |          973,915 |               3.12% |
| shares)                  |                  |                     |
|--------------------------+------------------+---------------------|
| Public                   |       16,106,769 |              51.63% |
+-------------------------------------------------------------------+



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hugin.info/138311/R/1353496/327854.pdf


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