Grant of Share Options

Verona Pharma plc ("Verona Pharma" or the "Company") Grant of Share Options 11 November 2014, Cardiff - Verona Pharma plc (AIM: VRP) announces that theBoard has today granted options over 6,000,000 ordinary shares in the Companyto its recently appointed CFO and director, Biresh Roy, in accordance with theterms of the Company's share option plan. The options, which have an exercise price of 2.2 pence, will vest one third oneach of 26 September 2015, 2016 and 2017. Following the grant, Mr. Roy willhold the following shares and options over shares in the Company: Director No. of No. of No. of Options Exercise Price of Shares Options Vested Options Biresh Roy - 6,000,000 - 2.2 pence -Ends- For more information, please contact: Verona Pharma plc Tel: 020 7863 3300Jan-Anders Karlsson, CEOBiresh Roy, CFO N+1 Singer Tel: 020 7496 3000(Nominated Adviser & Broker)Aubrey PowellJen Boorer