Roche Purchases Shares in Tender Offer for FMI

Roche and Foundation Medicine, Inc. (NASDAQ:FMI) today announced that Roche's wholly owned subsidiary 062018 Merger Subsidiary, Inc. has accepted for payment all shares validly tendered and not validly withdrawn pursuant to its tender offer for all outstanding shares of common stock of Foundation Medicine not already owned by Roche or its affiliates, at a price of $137.00 per share in cash. The tender offer expired at 12:00 midnight, Eastern Time, at the end of the day on 30 July 2018 and was not extended. Roche has been advised by Citibank, N.A., the depositary for the tender offer, that a total of approximately 12,535,376 shares of Foundation Medicine's common stock were validly tendered and not validly withdrawn in the tender offer, which represent approximately 77.278559% of the total number of shares of Foundation Medicine's common stock outstanding (excluding the shares of common stock already held by Roche and its affiliates). Roche intends to promptly complete the acquisition of Foundation Medicine through a merger of 062018 Merger Subsidiary, Inc. with and into Foundation Medicine without a vote or meeting of Foundation Medicine's shareholders.