RNS Number:0514N
Skyepharma PLC
02 July 2003


Immediate Release                                                2 July 2003




                         SkyePharma PLC ("the Company")



As a result of transactions on 30 June 2003 by the SkyePharma PLC Share Purchase
Plan (an Inland Revenue approved all employee share purchase plan), Michael
Ashton and Donald Nicholson, directors of the Company, as trustees of the Plan,
became the beneficial owners of an additional 4,722 Ordinary Shares of the
Company, bringing the total held by the Plan to 67,626 Ordinary Shares of the
Company.



As a result the executive directors of the Company have the following additional
interests as a result of their personal participation in the Plan:-




                           Partnership             Matching
                           Shares purchased        Shares awarded             Total number of
                           on 30 June 2003         on 30 June                 Partnership and
                           at 70 pence per         2003 at 70                 Matching Shares held
                           share.                  pence per share.           on 30 June 2003.

Ian Gowrie-Smith           179                     179                        2,378
Michael Ashton             178                     178                        7,806

Donald Nicholson           178                     178                        7,806





In accordance with the rules of the Plan these directors have been awarded the
Matching Shares on the basis of one Matching Share for each Partnership Share.



The beneficial ownership of the Matching Shares will pass to the directors in
three years time subject to continued employment and the retention of the
underlying Partnership Shares.





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