CONNECTED EXEMPT MARKET-MAKERS;
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in  Celltech Group Plc ...(name of company)

Class of security Ordinary.

Date of disclosure 24 May 2004...

Date of dealing  21 May 2004 ...

Name of EMM J.P. Morgan Securities Ltd...

Name of offeree/offeror with whom connected  Celltech Group Plc 




Total number of securities purchased            200,000 
                                                                
Highest price paid*                             5.42560 GBP

Lowest price paid*                              5.42560 GBP




Total number of securities sold                                         
                                                
Highest price received*                  

Lowest price received*                   

* Currency must be stated








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