Vernalis PLC Announces Intent to Delist From The Nasdaq Stock Market and to Deregister and Terminate its U.S. Reporting Obligations Under the Securities Exchange Act of 1934

WINNERSH, UK, April 24, 2007 (PRIME NEWSWIRE) -- Vernalis plc (LSE:VER) (Nasdaq:VNLS) (the "Company") announced today that its board of directors approved the delisting of its American Depositary Shares, each representing the right to receive two ordinary shares of five pence each of the Company (the "ADSs"), from The Nasdaq Stock Market (the "Nasdaq") and, provided that the ADSs satisfy the trading volume test set forth in the Securities and Exchange Commission's (the "SEC's") newly-adopted Rule 12h-6(a) as of the date on which the delisting becomes effective as required by newly-adopted Rule 12h-6(b)(1), to deregister and terminate the Company's reporting obligations under Sections 13(a) and 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act").
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