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FORM 8.3

Lodge with the Irish Stock Exchange (Company Announcements Office)
(which will publicise) and with the Panel.

Use separate form for each class of securities in which dealings have
been made.

Date of Disclosure   22/07/03

DISCLOSURE UNDER RULE 8.1(a), 8.1(b) and 8.3 OF THE IRISH TAKEOVER
PANEL ACT, 1997 (TAKEOVER) RULES, 1997

Date of dealing      21/07/03

Dealing in (name of company)               Galen Holdings Plc

(1)    Class of securities (e.g. ordinary shares)      Ordinary

(2)Amount bought  Amount sold  Price per unit (GBP)

(i)5,000                                            9.85
50,000                                             9.86
14,800                                             9.934
25,000                                             9.95
50,000                                             10.00
                                 7,500              10.03
                                 11,000            10.06
                                 10,000            10.07
10,000
10.08


(3) Resultant total of the same class owned or controlled
      (and percentage of class)

1,923,674            (1.05%)

(4) Party making disclosure Bank of Ireland Group Compliance

(5) (a) Name of purchaser/vendor (Note 1)               J & E Davy

      (b) If dealing for discretionary client(s), name of fund
management organisation   Bank of Ireland Asset  Management Ltd.

(6) Reason for Disclosure (Note 2)

      (a) Offeror or associated offeror (Note
3)                              N/A
            Offeree or associate
Offeree                                            N/A

Specify which categories of associate ((a) to (l) page 3/4)

If Category (l) explain

      (b) Rule 8.3 (i.e. disclosure because of ownership or control
of 1% or more of the class of relevant securities held)     Yes

Signed, for and on behalf of the party named in (4) above

(Also print name of signatory
)                                                          Nicola
Krawczyk

Telephone and extension
number                                                  01-6615933
Ext. 4127



Note 1.   Specify owner, not nominee or vehicle company.  If
relevant, also identify controller of owner, eg where an
               owner normally acts on instruction s of a controller.
Note 2.   Disclosure might be made for more than one reason:  If so,
state all reasons.
Note 3.   Specify which offeror if there is more than one.
Note 4.   When an arrangement exists with any offeror, with the
offeree company or with an associate of any offeror or
               of the offeree company in relation to relevant
securities, details of such arrangement must be disclosed, as
               required by Rule 8.7.
Note 5.   It may be necessary, particularly when disclosing
derivative transactions, to append a sheet to this disclosure
               form so that all relevant information can be given.
Note 6.   In the case of an average price bargain, each underlying
trade should be disclosed.
Note 7.   Unless otherwise stated, references to Rules are to Rules
in Part B of the Rules.

For full details of disclosure requirements, see Rule 8. If in doubt,
consult the Panel.



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