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Icahn Issues Open Letter to Amylin Shareholders
Date:5/14/2009

NEW YORK, May 14 /PRNewswire-FirstCall/ -- Carl Icahn announced today that he issued the following open letter to shareholders of Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN).

May 14, 2009

Dear Fellow Amylin Shareholders:

Amylin's May 11, 2009 letter to shareholders represents a complete obfuscation of the facts and the reality of this proxy contest. Instead of focusing on what Amylin's board has achieved or, in my opinion, what they have failed to achieve over the past many years as fiduciaries for shareholders capital, Amylin elected to denigrate my track record and especially the success my nominees and I achieved for all shareholders at ImClone. Their recent letter is another example of the Board's habit of misstating the facts and another obvious attempt to hide the Board's failures.

I believe my investment track record speaks for itself and have never needed to defend it in a public proxy contest. However, in light of Amylin's selective attempt to distort facts in an attempt to discredit me, I thought it important to provide a few facts of my own to set the record straight and allow shareholders a more complete set of information from which to make a more informed decision. Something Amylin's board has not done.

Fact: Over the last seven years, this Board has overseen the loss of billions of dollars of shareholder value despite having BYETTA, a blockbuster drug with enormous potential. Meanwhile, during this same period (the period that they have selected to criticize my investments), at the risk of being immodest, I have made billions of dollars for shareholders of the many companies I invested and became actively involved in. Businesses which I have owned and served as a director of, including casino companies, oil & gas businesses, railcar interests
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SOURCE Carl Icahn
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