Two Lilly scientists working in the lab

News Release

Lilly Declares Fourth-Quarter Dividend

October 15, 2007

INDIANAPOLIS, Oct 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The board of directors of Eli Lilly and Company (NYSE: LLY) today declared a dividend for the fourth quarter of 2007 of $0.425 a share on outstanding common stock. This is the same dividend as was paid in the first three quarters and brings the total annual dividend for 2007 to $1.70 per share.

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

The dividend is payable December 10, 2007, to shareholders of record at the close of business on November 15, 2007.

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

SOURCE Eli Lilly and Company



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