Please forgive for a moment whilst I put my Directors hat on, I...

Please forgive for a moment whilst I put my Directors hat on, I know the real directors should be notifing you of this but they have not.

Over the last few weeks shareholders would have recieved 2 mailings from Cephalon a post card dated the 17th April 2009 and more recently a letter dated 23rd April 2009

Both these items made reference to the offer price of $1.40 rising to $1.45 if 90% is attained.

In both instances this is infact incorrect and Cephalon is in fact publishing and distributing false information.

Now that Arana has paid the Dividend on or around the 15th April 2009, Arana not Cephalon.

The documents should read that the offer is $1.35 rising to $1.40 if Cephalon recieves 90% acceptances.

Dont be fooled by the false references in the documents.

I guess we cant expect the management or directors to be ontop of these things, they are probably busy doing something else.

The offer is in fact 1.35 rising to 1.40 if 90% is attained