Notification of Shares

Alliance Pharma PLC
27 February 2007


For Immediate Release                                       27 February 2007




                             Alliance Pharma Plc

                 Notification of Major Interests in Shares



On 26 February 2007, the company was notified by RAB Capital plc, acting as
investment manager for RAB Special Situations (Master) Fund Limted, that they
are currently interested in 7,818,399 shares, representing 4.8% of the issued
share capital of Alliance Pharma.

- ENDS -





For further information:


Alliance Pharma plc                                     + 44 (0) 1249 466966
John Dawson, Chief Executive
Maddy Scott, Finance Director
www.alliancepharma.co.uk


Buchanan Communications                                 + 44 (0) 20 7466 5000
Mark Court / Rebecca Skye Dietrich







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