Two Lilly scientists working in the lab

News Release

Lilly Sets Date and Conference Call for Second-Quarter 2004 Earnings Announcement

June 17, 2004

June 17, 2004

Eli Lilly and Company (NYSE: LLY) will announce its financial results for the second quarter of 2004 on Thursday, July 22, 2004. 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 9:30 a.m. to 10:30 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 Web site at www.lilly.com. The webcast of the conference call will be available for replay through Aug. 19, 2004.

About Eli Lilly and Company

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.