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Maxygen Announces Tax Treatment Of 2012 Cash Distribution

Maxygen, Inc. (Nasdaq: MAXY), a biotechnology company, today announced that its distribution of cash in September 2012 primarily will be classified as a return of capital to its stockholders for U.S. Federal income tax purposes.

On September 6, 2012, Maxygen distributed approximately $100.0 million in cash to its stockholders. The table below summarizes the U.S. Federal income tax treatment of the distribution for the common stock of Maxygen:

                    U.S. Federal Income Tax Treatment
Distribution Record Date

Ex-Dividend Date

Payment Date

Distribution Per Maxygen Share ($)

Ordinary Dividend

 

Non-dividend Distribution (Return of Capital)

Cash 08/21/12 09/07/12 09/06/12 $3.60000 $0.167810 $3.43219

Maxygen’s tax return for the year ended December 31, 2012 has not been filed. As a result, the tax treatment for the distribution discussed above has been calculated using the best available information as of the date of this release.

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