FORM 8.3

                             IRISH TAKEOVER PANEL

   DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
                           RULES, 2007 (AS AMENDED)

 DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
                                     MORE

1. KEY INFORMATION

Name of person dealing (Note 1)                          Magnetar Financial
                                                         LLC

Company dealt in                                         Elan Corporation PLC

Class of relevant security to which the dealings being   US ADR
disclosed relate (Note 2)

Date of dealing                                          November 13, 2013

2. INTERESTS AND SHORT POSITIONS

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in(Note 3)

Class of relevant security:              Elan Corporation PLC ADR

                                     Interests            Short positions

                                   Number         %         Number        %

(1) Relevant security            2,389,531      .46%

(2) Derivatives (other than
options):

(3) Options and agreements to    1,665,200      .32%
purchase/sell:

TOTAL:                           4,054,731      .78%

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

Class of relevant security:

                                     Interests            Short positions

                                    Number        %        Number         %

(1) Relevant security

(2) Derivatives (other than
options):

(3) Options and agreements to
purchase/sell:

TOTAL:

3. DEALINGS (Note 4)

(a) Purchases and sales

            Purchase/sale             Number of relevant    Price per unit
                                          securities           (Note 5)

                Sale                        400,000             17.6210

                Sale                        500,000             17.6374

                Sale                        500,000             17.6069

(b) Derivatives transactions (other than options transactions)

    Product description     Nature of transaction   Number of     Price per
         e.g. CFD                  (Note 6)         relevant    unit (Note 5)
                                                   securities
                                                     (Note 7)


(c) Options transactions in respect of existing relevant securities

(i) Writing, selling, purchasing or varying

 Product name   Writing,   Number of  Exercise   Type      Expiry    Option
  e.g. call     selling,   securities  price     e.g.       date     money
    option     purchasing,  to which           American,             paid/
                 varying     option            European             received
                  etc.      relates              etc.               per unit


(ii) Exercising

             Product name                   Number of      Exercise price per
           e.g. call option                securities        unit (Note 5)


(d) Other dealings (including transactions in respect of new securities.
(Note4)

          Nature of transaction                Details        Price per unit
                (Note 8)                                     (if applicable)
                                                                 (Note 5)


4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of any
relevant securities under any option referred to on this form or relating to
the voting rights or future acquisition or disposal of any relevant
securities to which any derivative referred to on this form is referenced. If
none, this should be stated.


Is a Supplemental Form 8 attached? (Note 9)                         YES

Date of disclosure:                    November 14, 2013

Contact name:                          Julianna Ethell

Telephone number:                      (847) 905-4688

If a connected EFM, name of offeree/
offeror with which connected

If a connected EFM, state nature of
connection (Note 10)

                     SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL
                                     ETC.
             Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Identity of person whose open positions are    Magnetar Financial LLC
being disclosed:

Name of offeror/offeree in relation to whose   Elan Corporation Plc
relevant securities the disclosure relates:

2. OPTIONS AND DERIVATIVES

Class of    Product   Written or  Number of s Exercise     Type      Expiry
relevant  description  purchased   ecurities  price per    e.g.       date
security   e.g. call               to which     unit    American,
            option                 option or             European
                                  derivative               etc.
                                    relates

ADR       Call Option Purchased   1,665,200   16.00     American   November
                                                                   16, 2013

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position
can be fully understood:


It is not necessary to provide details on a Supplemental Form (Open Positions)
with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

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