RNS Number:7677Q
Theratase PLC
10 October 2003

Immediate Release                                                10 October 2003

                                 Theratase plc

                   8% Cumulative Redeemable Preference Shares

Theratase plc announces today, that, the preference dividend payment of #853,940
and the redemption of 578,000 preference shares due to be made to the Company's
preference shareholders on 30 September 2003 shall be made following the
approval of the Company's audited accounts for the year ended 30 September 2003
at the next Annual General Meeting of the Company subject to the Company having
sufficient available profits on that date. This is in accordance with the
requirements of the Companies Act.


For further information, please contact:

Theratase plc
Colin Anderson, Finance Director

Jo Rooke, Company Secretary                           Tel: +44 (0) 20 7863 8819



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