RNS Number:5026I
Henderson Morley PLC
10 March 2003







                              HENDERSON MORLEY PLC



        HENDERSON MORLEY - UPDATE ON NEGOTIATIONS WITH CROMA PHARMA GmbH





In the Company's interim results released on 31 January 2003, the Company
announced it expected to complete the signing of a patent licence with Croma
Pharma by the end of February 2003.



Since this announcement, Croma Pharma has requested additional territories from
those originally selected to be covered by the patent licence. This has led to
negotiations taking longer and therefore an extension to the original timetable.



A further update will be made as soon as practicable.





Enquiries:
HENDERSON MORLEY PLC                                                                   Tel: 0121 442 4600

Andrew Knight, Chairman
BREWIN DOLPHIN SECURITIES LTD                                                          Tel: 0113 241 0126

Neil Baldwin

BARNES AND WALTERS LTD                                                                 Tel: 020 7430 1600
Maxine Barnes                                                                         Mobile 07860 489571




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

MSCBGGDXGSBGGXG