LAVIPHARM S.A.

Announcement

Lavipharm announces that Mr. Telemaque Lavidas, son of Athanase, transferred 180.000 shares (through contribution in kind) to the new established company of his own interests, under the name "T&A Holdings (Luxembourg) s.a.r.l." amounting to 709.200,00 euros, on Tuesday, September 18, 2007.