Two Lilly scientists working in the lab

News Release

Lilly Sets Date and Conference Call for Third Quarter 2006 Financial Results Announcement

September 25, 2006

INDIANAPOLIS, Sept 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Eli Lilly and Company (NYSE: LLY) will announce its financial results for the third quarter of 2006 on Thursday, October 19, 2006. Lilly will also conduct a conference call on that day with the investment community and media to further detail the company's financial performance.

The conference call will be held from 8:00 a.m. to 9:00 a.m. EDT. Investors and the general public can access a live webcast of the conference call through a link that will be posted on Lilly's website at www.lilly.com. The webcast of the conference call will be available for replay through November 17, 2006.

Lilly, a leading innovation-driven corporation, is developing a growing portfolio of first-in-class and best-in-class pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers -- through medicines and information -- for some of the world's most urgent medical needs. Additional information about Lilly is available at www.lilly.com. F-LLY

(Logo: http://www.newscom.com/cgi-bin/prnh/20031219/LLYLOGO )

SOURCE Eli Lilly and Company

Terra Fox of Eli Lilly and Company, +1-317-276-5795
http://www.prnewswire.com

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