RNS Number:2741I
Henderson Morley PLC
31 August 2006

FOR IMMEDIATE RELEASE                                             31 AUGUST 2006



                              HENDERSON MORLEY PLC                                      
                                      (AIM)    
                                        
                        Business: Drug Discovery Company
                                                                              
                             RE: NEGOTIATION PERIOD
                                        
Further to Henderson Morley's announcement on 16 August 2006, the Board 
announces today that although negotiations continue with the un-named 
dermatological pharmaceutical company based in the United States, it will be 
necessary to extend the negotiations by a further 20 days.

A further announcement will be made in due course.

                                    --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: 0207 430 1600
Maxine Barnes
Scott Robertson




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