11 Sep 2008 07:39

SCHEDULE 11
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990.
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
All relevant boxes should be completed in block capital letters
| 1 | Name of the Issuer Elan Corporation, plc | 2 | State whether the notification relates to: (i) a transaction notified in accordance with Market Abuse Rules; (ii) a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or (iii) both (i) and (ii). (iii) both (i) and (ii) |
| 3 | Name of person discharging managerial responsibilities/director Paul Gareth Kennedy | 4 | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person As in 3 above |
| 5 | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest As in 3 above | 6 | Description of shares (including class) debentures or derivatives or financial instruments relating to shares Ordinary Shares of €0.05 each as represented by American Depository Shares |
| 7 | Name of registered shareholder(s) and, if more than one, number of shares held by each of them As in 3 above | 8 | State the nature of the transaction Acquisition of Ordinary Shares of €0.05 each, as represented by American Depository Shares |
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| 9 | Number of shares, debentures or financial instruments relating to shares acquired 4,850 | 10 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.001% |
| 11 | Number of shares, debentures or financial instruments relating to shares disposed n/a | 12 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) n/a |
| 13 | Price per share or value of transaction $12.584 | 14 | Date and place of transaction 9 September 2008 ; New York |
| 15 | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 7,650 ADS's ; 0.0016% | 16 | Date issuer informed of transaction 9 September 2008 |
If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:
| 17 | Date of grant n/a | 18 | Period during which or date on which it can be exercised n/a | |
| 19 | Total amount paid (if any) for grant of the option n/a | 20 | Description of shares or debentures involved (class and number) n/a | |
| 21 | Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise n/a | 22 | Total number of shares or debentures over which options are held following notification | |
| n/a | ||||
| 23 | Any additional information None | 24 | Name of contact and telephone number for queries William Daniel: 01 709 4621 | |
| Name and signature of duly designated officer of issuer responsible for making notification ____________________________________________________ William Daniel - Company Secretary Date of notification: 10 September 2008 |
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange.