SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

All relevant boxes should be completed in block capital letters.

1. Name of company                   2. Name of shareholder having a major     
                                        interest                               
   Vernalis Group plc                                                          
                                        Shelly Bay Holdings Limited            

3. Please state whether notification 4. Name of the registered holder(s) and,  
   indicates that it is in respect      if more than one holder, the number of 
   of holding of the shareholder        shares held by each of them            
   named in 2 above or in respect of                                           
   a non-beneficial interest or in      Edson Moore Corp                       
   the case of an individual holder                                            
   if it is a holding of that                                                  
   person's spouse or children under                                           
   the age of 18                                                               
                                                                               
   As above                                                                    

5. Number of      6. Percentage of  7. Number of shares 8. Percentage of      
   shares/amount     issued class      /amount of stock    issued class       
   of stock                            disposed                               
   acquired          N/A                                   4.19%              
                                       1,800,000                              
   N/A                                                                        

9. Class of security                10. Date of          11. Date company      
                                        transaction          informed          
   Ordinary 10p shares                                                         
                                        Not Disclosed        21st October 2002 

12. Total holding following this     13.  Total percentage holding of issued    
    notification                          class following this notification     
                                                                                
    1,143,396                             2.66%                                 
                                                                                
14. Any additional information       15. Name of contact and telephone number   
                                         for queries                            
                                                                                
                                         Richard Robinski - 0118 977 3133