Vectura EGM approves £45 million new share Placing

24 Jul 2006

Vectura EGM approves £45 million new share Placing

Chippenham, UK – June 28 2006: Vectura Group plc (LSE:VEC) (“Vectura” or the “Company”) announces that at the extraordinary general meeting (“EGM”) of the Company held earlier today, the resolution put to shareholders was duly passed, approving the increase to the authorised share capital of the Company; authority of the directors to allot shares, inter alia, pursuant to the Placing announced on 28 June 2006 (the “Placing”); and the disapplication of pre-emption rights on the allotment of shares, inter alia, pursuant to the Placing.

The 52,941,177 new Ordinary Shares of 0.025 pence each in the Company to be issued in the Placing at a price of 85 pence per share will be admitted to trading on AIM tomorrow, 25 July 2006. Following admission of the new Ordinary Shares to trading on AIM, there will be 168,210,858 Ordinary Shares in the Company in issue.

Full details of the Placing are set out in the shareholder circular published on 28 June 2006.

Enquiries

Vectura Group plc +44 (0) 1249 667 700
Anne Hyland, Chief Financial Officer and Company Secretary