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IRSH: J.P. Morgan Securities plc.: Form 38.5 Elan Corporation plc

  IRSH: J.P. Morgan Securities plc.: Form 38.5 Elan Corporation plc

UK Regulatory Announcement

LONDON

                                                                     FORM 38.5

                             IRISH TAKEOVER PANEL

      DISCLOSURE UNDER RULE 38.5 OF THE IRISH TAKEOVER PANEL ACT, 1997,

                      TAKEOVER RULES, 2007 (AS AMENDED)

                  DEALINGS BY CONNECTED EXEMPT MARKET-MAKERS

1. KEY INFORMATION

Name of exempt market-maker               J.P. Morgan Securities plc
Company dealt in                           Elan Corporation plc
Class of relevant security to which the
                                           Ordinary Shares
dealings being disclosed relate (Note 1)
Date of dealing                            26 February 2013

2. DEALINGS (Note 2)

Purchases and sales

Total number of relevant secuities    Highest price paid  Lowest price paid
acquired                               (Note 3)             (Note 3)

Total number of securities     Highest price paid      Lowest price paid
disposed                        (Note 3)                 (Note 3)
99                              8.4517 EUR               8.4517 EUR

(b) Derivatives transactions (other than options transactions)

Product name   Nature of
              transaction   Number of relevant securities   Price per unit
e.g. CFD                      (Notes 5)                        (Notes 3)
               (Note 4)
Equity Swap    Long           99                               8.4517 EUR

(c) Options transactions in respect of existing relevant securities

(i) Writing, selling, purchasing or varying

Product   Writing,      Number of               Type,
name,     selling,      securities              e.g.                 Option money
e.g.     purchasing,  to which    Exercise  American,  Expiry  paid/received
call      varying       the option   price      European    date     per unit
options   etc.          relates                 etc.                 (Note 3)
                        (Note5)

(ii) Exercising

Product name,
                   Number of securities  Exercise price per unit (Note 3)
e.g. call options

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.

Date of disclosure                            27 February 2013
Contact name                                   Jay Supaya
Telephone number                               +44 (0) 207 134 6126
Name of offeree/offeror with which connected   RP Management LLC
Nature of connection (Note 6)                  Adviser to RP Management LLC

Contact:

J.P. Morgan Securities plc.
 
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