Option Exercise

Hikma Pharmaceuticals Plc
19 September 2007



For Immediate Release                                          19 September 2007

                                                                               

                   Hikma Pharmaceuticals PLC (the 'Company')                    

                           Director/PDMR Shareholding                           

                        Notification of Option Exercise                         


On 19 September 2007 the following PDMRs exercised their option to purchase the
number of ordinary shares of 10 pence each set out in the table below in the
capital of the Company. These options were granted on the dates shown below
pursuant to the Company's 2004 Stock Option Plan:

 
+--------------------+---------------+-------------------------------------+
|Name                |Date of Grant  |Number of Shares Exercised           |
+--------------------+---------------+-------------------------------------+
|Majda Labadi        |12 October 2004|120,000                              |
+--------------------+---------------+-------------------------------------+
|Taghreed Al Shunnar |12 October 2004|120,000                              |
+--------------------+---------------+-------------------------------------+

 
On 19 September 2007, the PDMRs disposed of the following number of shares 
acquired pursuant to the exercise of the options set out above:

 
+-------------------+-----------------+------------------------+-------------------------+---------------------------+
|Name               |Date of Disposal |Market Price on Disposal|Number of Shares Disposed|Percentage of Share capital|
|                   |                 |                        |                         |                           |
+-------------------+-----------------+------------------------+-------------------------+---------------------------+
|Majda Labadi       |19 September 2007|£4.210201               |120,000                  |0.0708%                    |
+-------------------+-----------------+------------------------+-------------------------+---------------------------+
|Taghreed Al Shunnar|19 September 2007|£4.210201               |120,000                  |0.0708%                    |
+-------------------+-----------------+------------------------+-------------------------+---------------------------+
 

As a result of the above transactions the Executive Directors and PDMRs listed
below now have the following holdings in the ordinary share capital of the
Company:
 
 
+-------------------+------------------------------+---------------------------+
|Name               |Ordinary Shares in the Company|Percentage of Share capital|
|                   |                              |                           |
+-------------------+------------------------------+---------------------------+
|Majda Labadi       |305,740                       |0.1804%                    |
+-------------------+------------------------------+---------------------------+
|Taghreed Al Shunnar|29,640                        |0.0175%                    |
+-------------------+------------------------------+---------------------------+
 
The issued share capital of Hikma Pharmaceuticals PLC is now 169,435,407 
ordinary shares of 10 pence each.
 


Date of Notification: 19 September 2007
 
Henry Knowles
Company Secretary
020 7399 2760




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