Recommended All Share Merger of Vectura Group with Skyepharma

Peel Hunt are acting as Joint Corporate Broker to Vectura Group plc in its Recommended All Share Merger with Skyepharma PLC (to be implemented by way of a Scheme of Arrangement of Skyepharma PLC) which values Skyepharma PLC at approximately £441.3m in aggregate, as announced on 16 March, 2016.