ARGONAUT TECHNOLOGIES –

San Carlos, Calif.

Went public on 7/19/2000 at $15 per share

Filing Range: 4 mil. shares @ $13 to $15

Shares Outstanding: 16.4 mil. shares

Underwriters: UBS Warburg/ING Barings/SG Cowen

Company Counsel: Wilson Sonsini Goodrich & Rosati

Manager Counsel: Dewey Ballantine LLP

Auditor: Ernst & Young LLP

The Company:

Develops instruments, reagents and consumable products for use in medicinal chemistry. The company’s products apply solid-phase technology to the synthesis and purification of small organic molecules. Solid-phase synthesis utilizes polymeric resins as a means for manipulating molecules during their synthesis and purification.

Venture Backers:

Schroder Ventures International Life Sciences

Kleiner Perkins Caufield & Byers

Institutional Venture Partners

Robertson Stephens & Co. LLC

Avalon Ventures

Integral Capital Partners

Techno-Venture Co.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 01/13/1995 3 Early Stage 4500.0

2 04/23/1996 5 Expansion 9500.0

3 01/01/1997 1 Expansion 736.0

4 06/21/1999 7 Expansion 14999.8

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $10.6

Net Income: -7.6