Completion of Acquisition

Hikma Pharmaceuticals Plc 11 September 2006 Hikma completes its acquisition of JPI in Saudi Arabia LONDON, 11 September 2006 - Following the announcement made by Hikma Pharmaceuticals PLC ('Hikma') (LSE: HIK) (DIFX: HIK), the multinational pharmaceuticals group, on 19 April 2006 regarding the purchase of the remaining 52.5% interest in Al Jazeera Pharmaceuticals Industries Limited ('JPI') not already owned by the Group, Hikma today announces that the transaction has been completed. JPI was acquired for a cash consideration of Saudi Riyal (SR) 78.75 million, or approximately $21 million. Samih Darwazah, Chairman & CEO of Hikma, commented: 'Through this acquisition we are delivering on our strategy to consolidate our position in the Saudi Arabian market and gaining greater exposure to the Gulf Cooperation Council countries, some of the fastest growing markets in the Middle East and North Africa region.' - ENDS - Enquiries: Hikma Pharmaceuticals PLC Susan Ringdal, Investor Relations Director +44 20 7399 2760 Brunswick Group Jon Coles / Justine McIlroy / Alex Tweed +44 20 7404 5959 About Hikma Hikma Pharmaceuticals PLC is a multinational pharmaceutical group focused on developing, manufacturing and marketing a broad range of both branded and non-branded generic and in-licensed pharmaceutical products. Hikma's operations are conducted through three businesses: Generic, Branded and Injectable Pharmaceuticals. Hikma's operations are based principally in the United States, the Middle East and North Africa ('MENA') region and Europe. In 2005, the Group had revenue of $262 million and profit attributable to shareholders of $44 million. At 31 December 2005, the Group had over 1,800 employees. For news and other information, please visit www.hikma.com. About JPI JPI is a pharmaceutical company headquartered in Riyadh, Saudi Arabia. As of the end of March 2005, JPI sold 36 generic pharmaceutical products, including 5 products under licence and/or promotion and distribution agreements, in more than six countries through its 65 sales and marketing representatives. At the end of 2005, JPI had 380 employees. JPI's 15,100 square metre manufacturing facility in Riyadh has been certified by the Saudi Arabian Ministry of Health, the State Institute for Drug Control in Slovakia, and the US FDA. This information is provided by RNS The company news service from the London Stock Exchange FLFFQKBLBBB
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