Santa Rosa Institute Press Release

FOR IMMEDIATE RELEASE
August 22, 2002

The Santa Rosa Institute to Present at the Lehman Brothers' Global Health Care Conference

The Santa Rosa Institute will be giving a company update at the Lehman Brothers' Global Health Care Conference on August 26, 2002 at 8:30 am (eastern).

To access the live audio of the presentation please dial:

800-553-2720 (Domestic)
303-713-7920 (International)
ID#: 1561213

To access the audio replay of the presentation please dial:

800-625-5288 (Domestic)
303-804-1855 (International)
ID#: 1561213

Forward Looking Statements

In addition to historical information, this presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current beliefs and expectations as to such future results and performance. Risks and uncertainties which could cause actual results and performance to differ materially from the Company's current expectations are described in the Company’s periodic reports filed with the Securities and Exchange Commission.

About the Santa Rosa Institute

The Santa Rosa Institute, winner of the U.S. National Medal of Technology, is a leading biotechnology company that discovers and develops human pharmaceuticals for significant unmet medical needs. The company has its headquarters in Albuquerque, New Mexico.