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PharmaNet Extends Expiration Time in its Tender Offer and Consent Solicitation
Date:6/29/2011

Consent Payment Deadline and possible completion of the Offer, are qualified by these cautionary statements and investors are cautioned not to place undue reliance on these forward-looking statements. In addition, these forward-looking statements present our estimates and assumptions only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, except, with respect to the Offer, as specifically set forth in this press release or as otherwise required by law.Contact:

Lilian G. BurkePharmaNet Development Group, Inc.609-951-6839www.pharmanet.com
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SOURCE PharmaNet Development Group, Inc.
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1. PharmaNet Extends Consent Payment Deadline for Notes Tendered in Its Tender Offer and Consent Solicitation
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