EPT Disclosure

11th Jan 2006 16:48

Code Securities Limited11 January 2006 FORM 38.5 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS (Rule 38.5 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-----------------------------------+--------------------------------------+|Name of exempt principal trader |CODE SECURITIES LIMITED |+-----------------------------------+--------------------------------------+|Company dealt in |SKYEPHARMA Plc |+-----------------------------------+--------------------------------------+|Class of relevant security to which|ISIN GB0008123571 ||the dealings being disclosed relate| ||(Note 1) | || | |+-----------------------------------+--------------------------------------+|Date of dealing |10th January 2006 || | |+-----------------------------------+--------------------------------------+ 2. DEALINGS (Note 2) (a) Purchases and sales +-----------------------------+----------------------+---------------------+|Total number of securities |Highest price paid |Lowest price paid ||purchased |(Note 3) |(Note 3) || | | |+-----------------------------+----------------------+---------------------+|- |- |- |+-----------------------------+----------------------+---------------------+ +-----------------------------+------------------------+-------------------+|Total number of securities |Highest price received |Lowest price paid ||sold |(Note 3) |received (Note 3) || | | |+-----------------------------+------------------------+-------------------+|25000 |GBP 0.485 |GBP 0.485 |+-----------------------------+------------------------+-------------------+ (b) Derivatives transactions (other than options) +----------------+----------------+----------------------+-----------------+|Product name, |Long/short (Note|Number of securities |Price per unit ||e.g. CFD |4) |(Note 5) |(Note 3) |+----------------+----------------+----------------------+-----------------+| | | | || | | | |+----------------+----------------+----------------------+-----------------+ (c) Options transactions in respect of existing securities(i) Writing, selling, purchasing or varying +----------+-----------+------------+--------+---------+-------+-----------+|Product |Writing, |Number of |Exercise|Type, |Expiry |Option ||name, |selling, |securities |price |e.g. |date |money ||e.g. call |purchasing,|to which the| |American,| |paid/ ||option |varying |option | |European | |received || |etc. |relates | |etc. | |per unit || | |(Note 5) | | | |(Note 3) |+----------+-----------+------------+--------+---------+-------+-----------+| | | | | | | |+----------+-----------+------------+--------+---------+-------+-----------+ (ii) Exercising +-------------------------+-----------------------+------------------------+|Product name, e.g. call |Number of securities |Exercise price per unit ||option | |(Note 3) || | | |+-------------------------+-----------------------+------------------------+| | | || | | |+-------------------------+-----------------------+------------------------+ 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +------------------------------------------------------------------------+|Full details of any agreement, arrangement or understanding between the ||person disclosing and any other person relating to the voting rights of ||any relevant securities under any option referred to on this form or ||relating to the voting rights or future acquisition or disposal of any ||relevant securities to which any derivative referred to on this form is ||referenced. If none, this should be stated. |+------------------------------------------------------------------------+| || ||None |+------------------------------------------------------------------------+ +-------------------------------------+-------------------------------------+|Date of disclosure |11 Jan 2006 || | |+-------------------------------------+-------------------------------------+|Contact name |P J Dixon || | |+-------------------------------------+-------------------------------------+|Telephone number |020 7776 1234 || | |+-------------------------------------+-------------------------------------+|Name of offeree/offeror with which |Innovata Plc ||connected | |+-------------------------------------+-------------------------------------+|Nature of connection (Note 6) |Adviser || | |+-------------------------------------+-------------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange

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