Exelixis share issue to Sanyo approved

Exelixis Investment Public Limited announced that on December 14, 2006, the Securities and Exchange Commission approved the Prospectus for the issue and listing to the CSE of 5,440,166 ordinary shares of nominal value CYP0.17 each.

The 5,440,166 ordinary shares were issued on the basis of the Companies’ Law Chapter 113 and were allocated exclusively to Sanyo Hellas Holding SA on December 15, 2006 at the price of CYP0.245 (EUR0.425) per share.
The Prospectus will also be available at the SEC web page (www.cysec.gov.cy).
The listing of the above 5,440,166 ordinary shares issued and allocated exclusively to Sanyo Hellas Holding SA will be carried out after the approval of the application submitted to the CSE.
It is noted that the above 5,440,166 ordinary shares will rank pari passu with the existing issued and listed ordinary shares and will bear the same voting rights.

Meanwhile, Exelixis Investment announced that at a meeting held on Friday, December 15, 2006, the Board of Directors appointed Messrs. Nicos Papageorgiou, Polychronis Ladonicolas, Stelios Panayides and Pagratis Leveras as Board members.