Mr. Joaquin Viso and Ms Olga Lizardi respond to Patheon Special Committee



    SAN JUAN, May 7 /CNW/ - TSX:PTI - Mr. Joaquin Viso and Ms Olga Lizardi
provided a limited response today to the Patheon Special Committee's comments
in respect of Mr. Viso and Ms Lizardi's requisition of a special meeting of
shareholders for the purpose of removing from office each of the directors
elected by holders of Patheon's Restricted Voting Shares and to elect nominees
to fill the vacancies created by such removal, including Mr. Wheeler,
Patheon's Chief Exective Officer and Mr. Viso, Patheon's largest single
shareholder.
    Mr. Viso reaffirms the reasons for requisitioning the shareholders
meeting that were stated in his May 5th press release, including his deep
concern that:

    
    -  Mr. Wheeler's departure from the Board could have material adverse
       business implications to Patheon and his extended absence from the
       Board would clearly be contrary to Patheon's best interests;

    -  the six newly elected directors, individually and collectively, have
       no meaningful experience in Patheon's industry and collectively hold
       an immaterial amount of Patheon stock, according to public filings;
       and

    -  the directors have authorized the expenditure of substantial funds in
       defence of a takeover bid with no apparent benefit to shareholders.
    

    Mr. Viso denies the Special Committee's implication that his intentions
for requisitioning the meeting at this time relate to the takeover bid for
Patheon by JLL Patheon Holdings LLC and re-emphasizes that, for all of the
above reasons, he has requisitioned the meeting because he has lost confidence
in the Board, as currently constituted.





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MR. JOAQUIN VISO AND MS OLGA LIZARDI

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