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Holding(s) in Company

21st Jan 2008 16:10

Vernalis PLC21 January 2008 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached (ii): 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 theacquisition 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 (iii): GAM International Management Limited 4. Full name of shareholder(s) (if different from 3.) (iv): 5. Date of the transaction (and date on which the threshold is crossed orreached if different) (v): 15th January 2008 6. Date on which issuer notified: 21st January 2008 7. Threshold(s) that is/are crossed or reached: 3% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible Situation previous to theusing the ISIN CODE Triggering transaction (vi) Number of Number of voting shares Rights (viii) Ordinary 5p Shares 7,586,724GB 0032750324 Resulting situation after the triggering transaction (vii) Class/type of shares Number of shares Number of voting rights (ix) % of voting rightsif possible usingthe ISIN CODE Direct (x) Indirect (xi) Direct Indirect Ordinary 5p Shares 10,586,724 10,586,724 3.23%GB 0032750324 B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Date Exercise/Conversion Number of voting % of votingfinancial (xiii) Period/ Date (xiv) rights that may be rightsinstrument acquired if the instrument is exercised/ converted. N/A N/A N/A N/A N/A Total (A+B)Number of voting % of votingrights rights 10,586,724 3.23% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable (xv): GAM International Management Limited is the discretionary investment manger forthe following: Period of Interest: 12-Jan-2008 - 17-Jan-2008 Security: Vernalis Plc Ordinary GBP0.05 ISIN: GB 0032750324 SEDOL: 3275032 Uptix Code: 3275032 Number of Shares in Issue: 327,979,652 Trade Date Fund Name Nomina Running %of Total Issue12-Jan-2008 Opening Balance 7,586,724 7,586,724 2.3115-Jan-2008 GAM Exempt Trust - UK 564,991 8,151,715 2.49 Opportunities15-Jan-2008 GAM UK Diversified 1,384,795 9,536,510 2.9115-Jan-2008 St James's Place Recovery 1,050,214 10,586,724 3.23 Unit Trust Proxy Voting: 10. Name of the proxy holder: Institutional Shareholders Services 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: 14. Contact name: JAD Slater, General Counsel & Company Secretary 15. Contact telephone number: 0118 977 3133 This information is provided by RNS The company news service from the London Stock Exchange

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Vernalis PLC
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