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TECHNE COROPORATION SELECTS
KPMG AS AUDITOR
Minneapolis/November 22,
2002/--Techne Corporation (NASDAQ: TECH) announces that the Audit Committee
of its Board of Directors has selected KPMG to serve as auditors of the
Company's consolidated financial statements. The Company's consolidated
statements formerly were audited by Deloitte & Touche. The Audit Committee
emphasized that there have been no disputes with Deloitte & Touche.
The Company anticipates no changes in its financial reporting as a result
of the change in auditors.
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Techne Corporation has two operating subsidiaries: Research and Diagnostic
Systems, Inc. (R&D Systems) of Minneapolis, Minnesota and R&D
Systems Europe, Ltd. (R&D Europe) of Abingdon, England. R&D Systems
is a specialty manufacturer of biological products and R&D Europe
is a distributor of biotechnology products.
Contact: Kathy Backes, Controller (612) 379-8854
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