Transaction in Own Shares

GlaxoSmithKline PLC
15 March 2005


GlaxoSmithKline plc (the "Company") announces that in accordance with the
authority granted by shareholders at the Company's Annual General Meeting on
17th May 2004 it purchased 70,000 of its Ordinary Shares of 25 pence each
("Shares") on 15 March 2005 at a price of 1266.60 pence per Share.

The Company intends to hold these Shares in treasury.

Following the purchase of these Shares, the Company holds 79,893,000 of its
shares in treasury and has 5,860,442,057 Shares in issue (excluding treasury
shares).

This announcement does not constitute, or form part of, an offer or any
solicitation of an offer to purchase or subscribe for securities in any
jurisdiction.


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