Life Sciences Research, Inc. Announces New $70 Million Financing; Proceeds To Be Used In Part To Redeem Outstanding Bonds

EAST MILLSTONE, N.J.--(BUSINESS WIRE)--March 2, 2006--Life Sciences Research, Inc. (Pink Sheets: LSRI) announced today that it has secured new long term financing of $70 million. Net proceeds of the loan of approximately $63 million will be used to redeem the $46.2 million outstanding principal amount of HIH 7.5% Convertible Capital Bonds, which were due to mature in September 2006, and for general corporate purposes.

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