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The Concerned Shareholders of Biovail Say Biovail Has Misled Shareholders
Date:5/15/2009

likely had Biovail taken a reasonable approach with respect to the requisition while considering the interests of its shareholders. xxxxxxxxx

Biovail's continued irrational attacks on the Concerned Shareholders and the requisition should demonstrate that the current Board in unable to operate constructively and is unable to embrace an opportunity to strengthen the Board to better position Biovail for its path forward. A change is needed to, at a minimum, correct this one of many concerns at Biovail. Biovail needs to shed its past and focus on the real challenges of the future. Challenges that can be best served by having positive relationships with its stakeholders and the best possible Board representation. Both Biovail and the Concerned Shareholders agree that Mr. Haggis and Mr. Potter's credentials and ethics are unquestionable, the Concerned Shareholders therefore ask that shareholders support the election of Mr. Haggis and Mr. Potter to the Board.

Please ensure you vote your YELLOW proxy today FOR the election of Mr. Paul G. Haggis and Mr. Frank Potter as directors of Biovail at the annual and special meeting of shareholders to be held on May 28, 2009. Copies of the proxy circular prepared and filed by the Concerned Shareholders can be obtained via SEDAR (www.sedar.com) or by contacting Laurel Hill Advisory Group toll-free at 1-888-882-6742 or if outside North America at 416-637-4661 (collect calls accepted).

TIME IS SHORT: Biovail shareholders are encouraged to contact Laurel Hill Advisory Group toll-free at 1-888-882-6742 or if outside North America at 416-637-4661 (collect calls accepted) with any questions or if they require assistance voting their YELLOW form of proxy. If you support Mr. Haggis and Mr. Potter you must act quickly to complete the appropriate documents. If you support Mr. Haggis and Mr. Potter you sh
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SOURCE Concerned Shareholders of Biovail
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