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VaxGen, Inc. (VXGN)	www.vaxgen.com

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December 11, 2002 - 8:00 AM Eastern
VaxGen Educational Symposium

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About The Company

VaxGen, Inc. (Nasdaq: VXGN - News) is a biopharmaceutical company engaged in the development, manufacture and commercialization of biologic products for the prevention and treatment of human infectious disease. Based in Brisbane, Calif., the company is developing preventive vaccines against anthrax, smallpox and HIV and is the largest shareholder in Celltrion, Inc., a joint venture formed to build biopharmaceutical manufacturing operations for the manufacture of biopharmaceutical products, including those from VaxGen, should they be licensed. Celltrion is funded by a consortium of South Korean investors, with VaxGen contributing manufacturing technology, know-how and training. For more information, please visit the company's web site at: www.vaxgen.com.

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