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Following a Good Start to the Year Shire Reaffirms Full Year 2008 Financial Guidance
Date:4/25/2008

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Net earnings of equity method investees of $1.6 million were recorded for the three months to March 31, 2008 (2007: $0.5 million). This comprised earnings of $1.3 million from the 50% share of the anti-viral commercialization partnership with GSK in Canada (2007: $1.5 million) and $0.3 million being the Company's share of profits in the GeneChem, AgeChem and EGS Funds (2007: loss $1.0 million).
Financial Information

Unaudited US GAAP results for the three months to March 31, 2008

Consolidated Balance Sheets

March 31, December

2008 31, 2007

$M $M

_________ _________

ASSETS

Current assets:

Cash and cash equivalents 790.6 762.5

Restricted cash 34.5 39.5

Accounts receivable, net 492.6 441.5

Inventories, net 179.5 174.1

Assets held for sale 10.4 10.6

Deferred tax asset 125.4 143.3

Prepaid expenses and other current assets 106.1 125.3

_________ _________

Total current assets 1,739.1 1,696.8

Non current assets:

Investments 68.4 110.2

Property, plant and equipment, net 380.4 368.6

Goodwill 221.9 219.4

Other intangible assets, net 1,743.6 1,764.5

Deferred t
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SOURCE Shire plc
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