– Ready To Enhance Present And Offer Value of at-Least $200 a Share – Desires Allergan Panel to Take Control of Procedure LAVAL, Quebec, Oct. 27, 2014 /PRNewswire/ — Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) declared today that it has provided a correspondence towards the Board of Allergan, Inc. (NYSE: AGN). The writing of the notice reads as follows: 2014, July 27 Board Allergan, Dupont Irvine, California 92612 Dear Board, A month ago I expanded an olive part, that was summarily denied the exact same morning. You’ve refused all of our offers remedy and to fulfill any inquiries you might have about Valeant or just around our present. Instead, you have helped supervision to continue creating baseless attacks. Your third-quarter earnings have obviously refuted these strikes and absolutely endorsed our business model. Allergan wouldn’t be dealing anywhere near wherever it is absent our offer, and our offer, even at the current stock price of Valeant, presents a quality that is very considerable.

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Before we built our supply, Allergan’s shares were trading at $110 at $117, and the beginning of the year. The peer and market team are flat this season. With all this, it is incomprehensible that Allergan could be trading anywhere near where it is today without our supply, despite having the cost reductions you belatedly applied in reaction that is direct to us. We think our stock is exchanging at quantities that are artificially low C our shareholders are informing people that our shares must be dealing at a lot more than $150 per share. Your own personal bank had Valeant on its ” Purchase Listing” having a goal price of $164 before we supplied our 2015 view that didn’t get account of synergies and the upside that might be a consequence of a combination and D and before we made our present. There is of $150 a trading price only 15 moments analyst consensus for 2015 Cash EPS. To become distinct, Valeant is prepared to strengthen its offer and supply price. We’re confident that an escalation in our stock price, as well as in concern, will provide that importance.

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No different possible acquirer of Allergan has got the duty and working synergies that people have, no other potential acquirer of Allergan can supply the price that we can. Because we created our offer many of your long only shareholders, together with your biggest shareholder other than Square, have sold along. Quite a few your large that was remaining long only investors publicly stated their issues regarding actions you had been contemplating, and we realize that several have independently expressed these problems aswell. Equally ISS and Glass Lewis happen to be remarkably essential of the Table. Management shows its correct shades through “horse-choking” lawsuit that was frivolous and attacks. It’s activity for the panel do what is not amiss for that Allergan shareholders to manage this technique and arrive at the desk. December 18 isn’t far. Seriously, J. Michael Chairman & Ceo About Valeant Valeant Pharmaceuticals Worldwide, Inc.

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(NYSE/TSX:VRX) is really a multinational specialty pharmaceutical organization that develops, makes and markets an extensive selection of pharmaceutical products generally in the aspects of dermatology, attention health, neurology and branded generics. More information about Valeant are available at www.valeant.com. Forward-looking Statements This connection may include forward looking statements inside the Private Securities Litigation Reform Act of 1995 and Canadian securities laws’ meaning. These forwardlooking statements include, but aren’t limited by, claims regarding Valeantis present to acquire Allergan, its money of the proposed purchase, its predicted future efficiency (including predicted results of operations and financial advice), along with the mixed business’s future financial issue, managing effects, approach and plans. Forwardlooking statements might be identified by the use of the language “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” “target,” “opportunity,” “tentative,” “positioning,” “designed,” “create,” “predict,” “project,” “seek,” “ongoing,” “upside,” “increases” or “proceed” and modifications or equivalent expressions. These statements are based upon management’s present objectives and beliefs and so are subject to hazards assumptions and uncertainties that change-over period and might cause actual leads to change materially from those identified in the forward-looking statements. These assumptions, dangers and concerns include, but aren’t limited to, assumptions, risks and worries reviewed within the business’s most-recent yearly or sydney submitted with all the SEC and also the Canadian Securities Administrators (the “CSA”) and assumptions, risks and worries regarding the proposed combination, as comprehensive from time to time in Valeant’s filings together with the SEC along with the CSA, which factors are designed herein by research. Critical indicators which could cause real leads to change materially from the forward-looking statements we make within this transmission are established in other accounts or files that people record from time to time with the SEC as well as the CSA, you need to include, but are not restricted to: * the ultimate outcome of the present and also the second – merger, like the supreme treatment or even the disappointment to render inapplicable the hurdles to consummation of the supply – action merger explained to exchange within the supply; * the supreme capability to recognize synergies and outcomes of integrating the operations of Valeant and Allergan, the ultimate results of Valeantis pricing and managing strategy applied to Allergan and also the ultimate outcome; * the consequences of the planned mixture of Valeant and Allergan, like the combined company’s potential financial condition, strategy, running results and plans; * the consequences of governmental legislation on business mix dealings that are likely or our business; * the capacity meet additional circumstances to the present, such as the necessary stockholder approval and to acquire approvals, over a basis that is timely; * Valeant’s capability to keep and expand earnings and cash-flow from businesses inside our markets and also to support our customer base, the requirement for development along with the relevant capital fees and the unknown fiscal conditions inside the United States as well as other areas; * competition’s impression from other market members; * the improvement and commercialization of new products; * the supply and entry, in general, of resources to meet up our debt obligations ahead of or if they become due and to finance our procedures and vital capital fees, often through (i) income onhand, (ii) free cash flow, or (iii) access to the money or credit markets; * our ability to abide by all covenants in our indentures any violation of which, amenities, if-not relieved in a way that is reasonable, can trigger a default of our other obligations under corner-default procedures; and * uncertainties and the dangers detailed by Allergan to its business as with respect defined in its stories and papers. All forwardlooking statements owing to us or essay-help-online.com anybody acting on our part are specially qualified in their whole by this statement.

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Readers are informed never to spot undue reliance on any of these forward looking statements. These forward-looking statements talk merely as of the date hereof. Valeant undertakes no-obligation to update some of these forward-looking statements even to reflect real benefits or to reveal circumstances or events following the time of this transmission. MORE INFORMATION This interaction doesn’t comprise solicitation of an offer or an offer to purchase. The swap supply which Valeant has made to stockholders is related to by this conversation. The exchange supply will be manufactured pursuant to your sore present assertion on Schedule TO (including the offer to change, the correspondence of selection and transmittal as well as other relevant offer supplies) plus a registration statement on Type S-4 filed by Valeant using the SEC on August 18, 2014 sufficient reason for the CSA, as each may be reversed from time to time. These supplies incorporate important information, including the offer’s stipulations. In addition, Valeant has recorded a preliminary proxy record with the SEC on August 24, 2014, as maybe amended from time to time, Pershing Square Capital Management, L.P.

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(“Pershing Square”) has recorded a certain proxy statement together with the SEC on June 24, 2014, and Valeant and Pershing Square (and, if a flexible purchase is arranged, Allergan) may record a number of extra proxy claims or different documents using the SEC. This transmission is not a substitute for registration statement, almost any proxy statement file Valeant and/ or have submitted or may document together with the SEC regarding the the proposed deal. SECURITY AND bUYERS HOLDERS OF VALEANT AND ALLERGAN ARE URGED TO READ ANOTHER DOCUMENTS FILED, AND THE OFFER ASSERTION, SUBSCRIPTION ASSERTION WITH THE SEC CAUTIOUSLY WITHIN THEIR WHOLE IF AND WHEN THEY BECOME BECAUSE THEY WILL CONTAIN INFORMATION ABOUT THE PROPOSED PURCHASE. Any specified proxy statement(s) (if and when available) is going to be mailed to stockholders of Allergan and/or Valeant, as appropriate. People and security cases might obtain free clones of the tender offer assertion, the registration statement and different papers (if and when available) filed using the SEC by Valeant and/or Pershing Block through the web site maintained from the SEC at. Info concerning the brands and hobbies in Allergan and Valeant of Valeant and people associated with Valeant who maybe regarded members in any solicitation of Allergan or Valeant investors according of the Valeant proposition to get a business combination with Allergan is available in the excess defined proxy taking supplies in respect of Allergan registered with the SEC by Valeant on April 21, 2014, May 28, 2014 and September 25, 2014. Information concerning the brands and interests in Allergan and Valeant of Pershing Square and persons related to Pershing Block who might be considered players in almost any solicitation of Allergan or Valeant investors in respect of a Valeant proposal for a business mixture with Allergan will come in additional defined proxy taking product in respect of Allergan registered using the SEC by Pershing Square. The excess definitive proxy soliciting substance referred to within this sentence can be obtained totally free in the places indicated above. Contact Info: Pharmaceuticals: Investors: Press: Laurie W.

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Small Renee E. Soto Meghan Gavigan Inc, Pharmaceuticals Worldwide. Sard Verbinnen & Corp. 949-461-6002 212-687-8080 Logo – To see the original type visit, on PR Newswire: ORIGIN Valeant Pharmaceuticals Worldwide.