Issue of Equity

14th May 2008 07:00

Verona Pharma plc (the "Company") Issue of Equity

The Company announces that, following the exercise of options over 1,250,000 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at 2p each, the Company has issued 1,250,000 new Ordinary Shares (the "Option Shares") to Herbert Stuart Bottomley, a director of the Company. Application has been made for the Option Shares to be admitted to trading on AIM and dealings are expected to commence on 19 May 2008 ("Admission").

As a result of the issue of the Option Shares, Mr. Bottomley's interest in the Company has increased to 10,700,0000 Ordinary Shares, representing 5.19% of the Company's issued ordinary share capital.

On Admission, the Company will have 206,108,325 Ordinary Shares in issue.

For further information please contact:

Professor Clive Page, Verona Pharma plc Tel: 07971 504 931

David Youngman, WH Ireland Limited Tel: 0161 832 2174

vendor

---

Related Shares:

VRP.L