Vernalis PLC Regulatory News (VER)

21 May 2009 16:02



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Vernalis Plc

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : (  )

3. Full name of person(s) subject to the notification obligation:

GAM International Management Limited

4. Full name of shareholder(s) (if different from 3.) :

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

18 May 2009

6. Date on which issuer notified:

21 May 2009

7. Threshold(s) that is/are crossed or reached:

20%

8. Notified details:

Placing

A: Voting rights attached to shares

Resulting situation after the triggering transaction 

B: Financial Instruments

Resulting situation after the triggering transaction

Total (A+B)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :

Proxy Voting:

10. Name of the proxy holder:

Institutional Shareholder Services

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

JAD Slater, Chief Operating Officer

15. Contact telephone number:

0118 977 3133.