BPO NEUDORFF !, page-2

Signs Neudorff to Evaluate QCIDE

BIOPROSPECT LIMITED 2002-10-29 ASX-SIGNAL-G

HOMEX - Perth

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BioProspect Limited is pleased to announce that W.Neudorff GmbH of
Germany has been selected to evaluate Qcide for the Household and
Domestic garden market in Europe.

A subsidiary of the Dr Paul Lohmann Group, Neudorff is a market
leader in the European natural product derived domestic gardening and
agricultural fields. The insecticide market targeted by Neudorff is
worth more than 25 million Euro (AU$43.8 million) in Germany alone.
With 600 employees in the group, this company based in Germany
specialises in the development and manufacture of chemicals and
pharmaceuticals.

Neudorff will begin their preliminary evaluation of Qcide in the
ornamental garden market testing on aphids, white fly, spider mites
and mealybugs. With lead products in the insecticide and snail and
slug areas, Neudorff has extensive distribution throughout Europe
including the UK and France.

BioProspect's collaboration with Neudorff ensures penetration into
the European natural pesticide market which has led the world in the
move away from the traditional pesticide products.

BioProspect Chief Executive Officer Selwyn Snell added "BioProspect
is proud to be associated with Neudorff which is a leading European
natural product company focussing on the European home garden market.
It is a company that exhibits both innovation and quality in both its
R&D as well as its marketing and sales activities"'.

The arrangement with Neudorff is the first that BioProspect has
established outside of the crop protection market. The Company is
focussed on a strategy that will ensure that Qcide is evaluated in
all its target markets including crop protection, animal health,
industrial, garden and domestic use. BioProspect estimates that the
size of these markets combined is AU$20 billion.


S Snell
CHIEF EXECUTIVE OFFICER

For further information, please contact:

Mr Selwyn Snell - Chief Executive Officer
(Ph) +61 7 3229 5755

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