Thursday January 23, 2002

COMPANY PRESS RELEASE

Transgenomic Inc. Invites You to Join Its Fourth Quarter Conference Call on the Web

OMAHA, Neb., Jan. 23 /PRNewswire/ -- In conjunction with Transgenomic Inc.'s Fourth Quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Wednesday, January 30, 2002, at 5 p.m. ET with Collin D'Silva, CEO, and Greg Duman, CFO, of Transgenomic.

About Transgenomic

Transgenomic is headquartered in Omaha, Neb., and has offices in the United States, Europe and Japan. Major research and development facilities are located in San Jose, Calif., and Crewe, Cheshire, United Kingdom. The company provides versatile and innovative research tools and related consumable products to the Life Sciences industry for the synthesis, separation, analysis and purification of nucleic acids and a wide variety of nucleic acid-based specialty chemicals. These tools enable researchers to discover and understand variation in the human genetic code, or genome, in order to accelerate and improve drug development and diagnostics.

If you are unable to participate during the live webcast, the call will be archived on the Web site www.transgenomic.com. To access the replay, click on the link provided under "New!" from 8 p.m. ET on January 30 through Thursday, February 13, 2002, midnight ET, or simply dial 402-530-9311 from any telephone.

(Minimum requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp, and at least a 28.8 Kbps connection to the Internet. If you experience problems listening to the broadcast, send an e-mail to isproducers@prnewswire.com.)