Statement re Possible Offer

RNS Number:3005V
The Wellcome Trust
20 April 2007



"The Wellcome Trust is the UK's largest medical research charity. We fund 
research that tackles some of the world's major diseases, such as malaria and 
HIV / AIDS.  Our charitable expenditure is dependent on our diverse investment
portfolio, which amounts to over #13 billion pounds. It is solely in the context
of our investment portfolio that we have been exploring a possible interest in a
bid for Alliance Boots and this would represent less than 3% of our portfolio.
We have invested in private equity and venture capital funds for over 12 years.
We also hold long-term direct investments in real estate and in life sciences
companies that amount to almost #1 billion."




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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