Warner Chilcott PLC ('Warner Chilcott' or the 'Company') Statement Regarding Offer Discussions

Oct 25, 2004, 01:00 ET from Warner Chilcott PLC

    CRAIGAVON, Northern Ireland and ROCKAWAY, N.J., Oct. 25 /PRNewswire-
 FirstCall/ -- The Company notes the recent press comment in relation to the
 status of offer discussions.  The Company confirms that it has received an
 approach from a party concerning an offer for the Company at a price of 837p
 per Ordinary Share subject to certain pre-conditions.  Discussions with this
 party are ongoing.  As previously announced, two other parties have expressed
 interest in putting forward an offer for the Company.  Discussions with these
 parties are also continuing and the Company will make a further announcement
 as soon as possible. This statement is not made with the agreement or approval
 of any of the parties referred to in it as being in discussions with the
 Company. There can be no certainty that an offer will be put forward for the
 Company or as to the terms of any offer that may be made.
      Warner Chilcott PLC                Telephone +44 (0) 28 3836 3620
      John King
      Geoffrey Elliott
      Hoare Govett Limited (joint        Telephone +44 (0) 20 7678 8000
       financial adviser and
       corporate broker)
      Andrew Chapman
      Justin Jones
      Andrew Foster
      Greenhill & Co International LLP   Telephone +44 (0) 20 7440 0400
      (joint financial adviser)
      Simon Borrows
      Brian Cassin
      Financial Dynamics                 Telephone +44 (0) 20 7831 3113
      Andrew Dowler
     Hoare Govett Limited and Greenhill & Co. International LLP are acting for
 Warner Chilcott and no one else in connection with the possible offer and will
 not be responsible to any other person for providing the protections afforded
 to clients of Hoare Govett Limited or Greenhill & Co. International LLP or for
 providing advice in relation as to any offer.
     Rule 8 notices
     Any person who, alone or acting together with any other person(s) pursuant
 to any agreement or any understanding (whether formal or informal) to acquire
 or control securities of Warner Chilcott PLC, owns or controls, or becomes the
 owner or controller, directly or indirectly, of one per cent or more of any
 class of securities of Warner Chilcott PLC, is generally required under the
 provisions of Rule 8 of The City Code on Takeovers and Mergers (the "Code") to
 notify a Regulatory Information Service (as specified in the Listing Rules of
 the UK Listing Authority) and the Panel on Takeovers and Mergers by no later
 than 12.00 noon (London time) on the business day following the date of the
 transaction of every dealing in such securities from 20 September 2004 until
 the first closing date of any offer or, if later, the date when any offer
 becomes or is declared unconditional as to acceptances or lapses (the "offer
 period").  Dealings by Warner Chilcott PLC and or by its "associates" (within
 the meaning of the Code) in any class of securities of Warner Chilcott PLC
 during the offer period must also be disclosed. Please consult your financial
 adviser immediately if you believe this Rule may be applicable to you.

SOURCE Warner Chilcott PLC