Laurus announces pricing of rump offering of 2,542,726 new ordinary shares at EUR 4.75 per ordinary share In connection with its 1 for 1 rights offering of 57,304,493 new ordinary shares (the “Offer Shares”) at an issue price of EUR 3.49 (the "Issue Price") per Offer Share, Laurus N.V. (“Laurus”) today announces the pricing of the offering of shares that were issuable upon exercise of the transferable subscription rights (“Subscription Rights”) but were not subscribed for during the exercise period (the “Rump Offering”). The 2,542,726 new ordinary shares included in the Rump Offering (the “Rump Shares”) were priced and sold via private placements in the Rump Offering at EUR 4.75 per Rump Share. No Rump Shares were placed with Casino Guichard-Perrachon S.A. (“Casino”). Because the aggregate proceeds of the Rump Shares offered and sold in the Rump Offering, after deduction of any selling expenses (including any value added tax, if any), exceed the aggregate Issue Price for such Rump Shares (such amount referred to as the “Excess Amount”), by EUR 3,203,835 each holder of a Subscription Right that was not exercised at the end of the exercise period will be entitled to receive EUR 1.26 per unexercised Subscription Right reflected in each such holder’s securities account. Allotment of the Offer Shares is expected to take place today. Payment and delivery of the Offer Shares are expected to take place on 26 November 2004. Stabilisation In connection with the Offering, the Joint Global Co-ordinators (ABN AMRO Rothschild and ING Investment Banking) or any person acting for them may effect transactions on Euronext Amsterdam or elsewhere in the open market or otherwise in connection with the distribution of Laurus shares with a view to stabilising or maintaining the market price of Laurus shares at levels other than those which might otherwise prevail in the market, provided such transactions are in accordance with any applicable regulations. Any such stabilisation activities, if any, will in any event be discontinued 30 days after the date of payment for and delivery of the Offer Shares, which is currently expected to be 26 November 2004. 1