Astra and zeneca in merger discussions

Södertälje, Sweden, December 8, 1998

ASTRA AND ZENECA IN MERGER DISCUSSIONS

Following recent speculation, the Boards of Astra and Zeneca announce that
they are engaged in advanced discussions regarding a possible combination of
the two companies in a merger of equals transaction.
A further announcement will be made as soon as possible.
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Astra and zeneca in merger discussions