Further update re Negotiation

RNS Number:7196H
Henderson Morley PLC
16 August 2006





FOR IMMEDIATE RELEASE                                           16 AUGUST 2006



                              HENDERSON MORLEY PLC
                                     (AIM)


                       Business: Drug Discovery Company


                     FURTHER UPDATE RE: NEGOTIATION PERIOD

Further to Henderson Morley's announcement on 13 July 2006, the Board announces
today that negotiations are progressing  well with the un-named dermatological
pharmaceutical company based in the United States, however, both parties have 
agreed to a further 14 day extension to 31 August 2006 in order to conclude
these negotiations.

A further announcement will be made at that time.

                                  --ENDS--



Enquiries:

HENDERSON MORLEY PLC                                  Tel: 0121 442 4600
Andrew Knight, Chairman

BREWIN DOLPHIN SECURITIES LTD                         Tel: 0113 241 0126
Neil Baldwin


BISHOPSGATE COMMUNICATIONS LTD                        Tel: 020 7430 1600
Maxine Barnes
Scott Robertson




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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