Share Purchase

Alliance Pharma PLC
17 May 2005


For Immediate Release                                             17 May 2005




Alliance Pharma Plc

Notification of Major Interests in Shares


On 11 May 2005, the company was notified by RAB Capital that they have an
interest in 13,018,399 shares of the company, representing 8.83% of the issued
share capital.

RAB Capital does not act as custodian for its clients and therefore the shares
are held in the nominee name of the custodian of its clients, which are CSFB
Nominees Ltd and Morgan Stanley & Co. International Ltd.

-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/Lisa Baderoon/Rebecca Skye Dietrich







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