Eli Lilly and Company Declares Second-Quarter Dividend

INDIANAPOLIS, April 24 /PRNewswire-FirstCall/ -- The Board of Directors of Eli Lilly and Company today declared a dividend for the second quarter of 2006 of 40 cents a share on outstanding common stock. This is the same dividend as was paid in the first quarter and maintains the annual dividend for 2006 of $1.60 per share.

The dividend is payable June 9, 2006, to shareholders of record at the close of business on May 15, 2006.

Lilly, a leading innovation-driven corporation, is developing a growing portfolio of first-in-class and best-in-class pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers -- through medicines and information -- for some of the world's most urgent medical needs. Additional information about Lilly is available at www.lilly.com. F-LLY

(Logo: http://www.newscom.com/cgi-bin/prnh/20031219/LLYLOGO )

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20031219/LLYLOGOPRN Photo Desk, photodesk@prnewswire.comEli Lilly and Company

CONTACT: Terra L. Fox of Eli Lilly and Company, +1-317-276-5795

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