PRANA Biotechnology Responds to Press Comments on Visits by Pharmaceutical Executives

MELBOURNE, AUSTRALIA--(Marketwire - March 04, 2008) - Prana Biotechnology Limited (NASDAQ: PRAN) (ASX: PBT), has become aware of certain comments which appeared in today’s press which have followed on from the release of 26 February 2008 when Prana announced the successful outcome of its Phase IIa Clinical Trial of PBT2 in Early Alzheimer’s Disease. The comments relate to a visit to Prana by pharmaceutical company executives and expressed the belief that Prana was engaged in confidential commercial discussions to fund further trials of PBT2.

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