ChiRex Inc.
Ticker: CHRX 33 Locke Drive
Exchange: NASDAQ-National Market Marlborough, Massachusetts 01752
Industry: Manufacturing (508) 460-1212

Type of Shares:Common Shares Filing Date:12/26/95
U.S. Shares:5,340,000 Offer Date:3/5/96
Non-U.S. Shares:1,335,000 Filing Range:$12.00 - $14.00
Primary Shares:6,675,000 Offer Price:$12.00
Secondary Shares:0 Gross Spread:$0.91
Offering Amount: $86,775,000 Selling:$0.54
Expenses:$1,600,000 Reallowance:$0.10
Shares Out After:10,843,389

ManagerTierPhone
CS First BostonLead Manager (212) 909-3312
Lehman Brothers IncorporatedCo-manager (212) 640-6129
Smith Barney Inc.Co-manager (718) 921-8473

Auditor: Coopers & Lybrand
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 12/31/95
Revenue:$90.43Assets:$128.68
Net Income:-$3.02Liabilities:$82.70
EPS:-$0.10Equity:$45.98

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company markets chemicals, including pharmaceutical intermediates and active ingredients. The company is a unique combination of (i) a chiral chemistry business with patented and proprietary technologies, (ii) a well-established pharmaceutical fine chemical business with significant operating leverage and (iii) a vertically integrated generic drug joint venture.

Use of Proceeds
Proceeds from the proposed offering will be used to finance combinations and mergers, repay bank debt and for general corporate purposes.

Last updated: 10/28/96

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