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|July 12, 2001 11:32 a.m.|
|Teva Announces Cooperation with Mayne Nickless in Bid for F.H. Faulding & Co. Ltd|
Jerusalem, Israel, July 12, 2001 - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced today that it has reached an agreement with Mayne Nickless Limited, one of Australia's largest healthcare companies, regarding Mayne's offer for F.H. Faulding & Co. Ltd., an Australian healthcare and pharmaceutical company. Under Teva's agreement with Mayne, if Mayne is successful in its pending tender offer for Faulding shares, Teva will have an exclusive opportunity to purchase Faulding's injectables business.