Amarin Corp Plc (AMRN)

[HDGabor]

To All (to whom it concerns ...)

I could not stand further ...

Corsicanto: It is a 100% (fully) owned subsidiary of Amarin. A different entity legally, but technically equal with Amarin. All SEC report include Corsicanto's (and other subsidiaries) activity. It is called as consolidated report. e.g. 2012 Notes (see below) was reported from day one.

Notes:
- 2012: $150M (CORSICANTO LIMITED, as Issuer, AMARIN CORPORATION PLC, as Guarantor)
- 2014: $118.734M of 2012 Notes were converted (CORSICANTO LIMITED, as Issuer, AMARIN CORPORATION PLC, as Guarantor)
- 2015: $31.266M (AMARIN CORPORATION PLC, as Issuer, no Guarantor). The Notes were 100% subscribed by BAKER BROTHERS and partially ($15.2M) was used to repay 2012 Notes

All Notes are / were hold by 3rd parties, not by Corsicanto or Amarin. With a current exchange the remaining balance is $15.066M (as 2012 Notes) by 3rd parties, not by Corsicanto or Amarin and all shares go to 3rd parties, not to Corsicanto or to Amarin.

The notes are / were exchangeable to shares by:
- Holder (3rd party): anytime
- Amarin / Corsicanto: 20-day $2.86 within any 30 days (it is the short version only ...)

Exchange price: $2.60 (independently from the actual PPS. $2.86 was a threshold only for Amarin to exercise exchange option).

Timing: it was the first time, when Amarin could exercise the exchange option. Again: the exchange rate isn't / won't be affected by actual PPS (top of Additional shares: depends on PPS and timing, see 2014 Notes page 57, less than 30.0937 / $1,000 Notes)

"mandatory": applicable for the Holders, they could not deny the exchange. They could not force / request it from Amarin:
a.) it was a sole discretion of Amarin
b.) if they want, they could request the exchange ANYTIME, independently from PPS, since the threshold was applicable to Amarin only

September 12: is the effective date (of the exchange)

Why?: Why not (if possible)? If the Holders do not want to get back the money, but want the exchange, Amarin could not pay back the Notes. (Holders have an option to choose exchange in case of redemption.) If R-IT will be successful and PPS will go north the Holder will exercise their exchange option and they would get the same amount of shares (since - again - it is independent from PPS top of Additional shares). Why pay more interest, if it isn't necessary ... exchange now. EOS

I hope it ends the tzunami of nonsenses ... If you have a question feel free to address ...

- - - - -
"Kalb"

He joined to the Co by June 30 this year. All who thinks he has a material influence on the recent events (especially who thinks he initiated these) does not have a clue about how it works at a Company. Never works at a Co or if yes not as a member of the management ... To predict / expect something based on his previous job (e.g. share buy back) is foolish ... a good CFO will do that is the best fit to the Co (to the current and not to the previous ...), but strategy, material event decided / approved by CEO (BOD) always ...

Best,
G