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Applied Biosystems Group and Celera Genomics Group First Quarter FY 2003 Financial Results and Conference Call Scheduled For October 24, 2002

Norwalk, CT - October 15, 2002

Applera Corporation announced today that it will issue fiscal year 2003 first quarter results for Applied Biosystems Group (NYSE:ABI) and Celera Genomics Group (NYSE:CRA) on Thursday, October 24, 2002. Results are scheduled for release before the opening of trading on the New York Stock Exchange.

Tony L. White, Applera Corporation's Chief Executive Officer, Dennis L. Winger, Applera's Chief Financial Officer, and senior managers from the Corporationís businesses will lead a conference call the same day at 10:00 a.m. (EDT) to discuss these results and to address management's current financial outlook for the company. The call will be formatted to focus on each of the Applera businesses separately, with the following expected start times:

Applied Biosystems Group      10:00 a.m. (EDT)
Celera Diagnostics      10:45 a.m.
Celera Genomics Group      11:00 a.m.

During each segment, the management team will make prepared remarks and answer questions from securities analysts and investment professionals. Investors, securities analysts, representatives of the media and other interested parties who would like to participate should dial 706.634.4992 (code "Applera") at any time from 9:45 a.m. until the end of the call. This conference call will also be webcast. Interested parties who wish to listen to the webcast should visit www.applera.com and go to the "Investor Relations" section of the web site, or www.celera.com and go to the "Investor" section, or www.appliedbiosystems.com and go to the Investor Relations web page within the "About Us" section. A digital recording will be available approximately two hours after the completion of the conference call on October 24 until November 2, 2002. Interested parties should call 706.645.9291 and enter conference ID 6096430.

About Applera Corporation
Applera Corporation comprises two operating groups. The Applied Biosystems Group develops and markets instrument-based systems, reagents, software, and contract services to the life science industry and research community. Customers use these tools to analyze nucleic acids (DNA and RNA), small molecules, and proteins to make scientific discoveries, leading to the development of new pharmaceuticals, and to conduct standardized testing. Applied Biosystems is headquartered in Foster City, CA, and reported sales of $1.6 billion during fiscal 2002. The Celera Genomics Group (NYSE:CRA), located in Rockville, MD, and South San Francisco, CA, is engaged principally in integrating advanced technologies to discover and develop new therapeutics. Celera intends to leverage its proteomics, bioinformatics, and genomics capabilities to identify and validate drug targets and diagnostic marker candidates, and to discover and develop novel therapeutic candidates. Its Celera Discovery SystemTM online platform, marketed exclusively through the Knowledge Business of Applied Biosystems, is an integrated source of information based on the human genome and other biological and medical sources. Celera Diagnostics, a 50/50 joint venture between Applied Biosystems and Celera Genomics, is focused on discovery, development, and commercialization of novel diagnostics tests. Information about Applera Corporation, including reports and other information filed by the company with the Securities and Exchange Commission, is available on the World Wide Web at www.applera.com, or by telephoning 800.762.6923.


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