Concerned Shareholders Respond to Biovail

    New Shareholder Letters Mailed for a Better Biovail

    TORONTO, June 9 /CNW/ - Eugene Melnyk and EM Holdings B.V., who recently
issued a proxy circular proposing a new slate to the board of Biovail
Corporation, have mailed a letter responding to statements made by certain
members of Biovail's Board and management and reviewing the benefits of a new
Board and management team led by Bruce Brydon.
    In addition, Eugene Melnyk today published an open letter to shareholders
to, among other things, reiterate that he is retired and not coming back to
join Biovail's board or management.
    Both letters can be found on the front page of

For further information:

For further information: Media contacts: Canadian Media, Duncan Fulton,
(416) 645-3655,; United States Media, Mike Sitrick,
(310) 788-2850,; Shareholders: In Canada and other
countries: Kingsdale Shareholder Services Inc., 1-800-775-1986; In the United
States: Innisfree M&A Incorporated, 1-877-717-3929

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