AMARIN CORPORATION PLC ANNOUNCES $26.4 MILLION PRIVATE PLACEMENT

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Amarin Corporation plc (NASDAQ: AMRN) today announced that it has entered into definitive purchase agreements for a private equity placement, consisting of American Depositary Shares (each representing one ordinary share) ("ADSs") and warrants, resulting in gross proceeds of $26.4 million. In accordance with the terms of the financing, Amarin sold approximately 26.1 million ADSs at $1.01 per share and issued warrants to purchase approximately 9.1 million ADSs at an exercise price of $1.43 per share.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-19-2005/0004236215&EDATE=)