Neogen named to Fortune’s list of fastest growing companies

LANSING, Mich., July 9, 2009 — Fortune Magazine has named Neogen Corporation (Nasdaq: NEOG) as a selection in its annual list of America’s 100 fastest growing small public companies (FSB 100).

In announcing its FSB 100 for 2009, Fortune stated: “In good times the FSB 100 constitutes an elite group of small public companies: the best of the best, measured by revenue growth and stock performance over the past three years. But in this Great Recession, their performance is nothing short of miraculous.”

“We are very pleased that this respected financial publication has once again recognized our company’s financial performance as one of the best in America,” said James Herbert, Neogen’s CEO. “In the financial community, as well as in our food and animal safety industry, trust is earned. We’re extremely proud of the trust we’ve earned from our customers and investors to make this recognition possible.”

In making its selection, Fortune said: “Consider Neogen (number 21 on the list), a firm that specializes in products designed to enhance food safety. Food crises, involving everything from bum lettuce to tainted peanut butter, have occurred with alarming frequency of late. Based in Lansing, Mich., Neogen supplies large foodmakers with detection kits that allow them to self-test for contaminants and allergens, helping prevent mistakes that could lead to deadly consequences.”

In addition to its number 21 ranking on the FSB 100 list, Fortune featured Neogen as one of five companies “Thriving In Hard Times.” Fortune’s ninth annual list of the fastest-growing small public companies in America includes U.S.-based firms with annual revenues of less than $200 million and a stock price greater than $1.

Neogen to announce FY 2009 results on Tuesday, July 21

Neogen has scheduled the release of results for its 2009 fiscal year, which ended May 31, for prior to market opening on Tuesday, July 21. Neogen CEO James Herbert and President Lon Bohannon will host a conference call at 11 a.m. ET that day to discuss Neogen’s performance for the previous fiscal year, as well as provide some perspective on the company’s strategies for future growth. Web links will be available at www.Neogen.com to listen to the call live, or access an audio file of the call at a later date.

Neogen Corporation develops and markets products dedicated to food and animal safety. The company’s Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. Neogen’s Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.

Certain portions of this news release that do not relate to historical financial information constitute forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s most recently filed Form 10-K.