Report of Trading in Biovail Securities by Certain Trusts Filed by Mr. Eugene Melnyk

    TORONTO, June 22 /CNW Telbec/ - Pursuant to a Settlement Agreement
between the Ontario Securities Commission (the "OSC") and Mr. Eugene Melnyk,
which was approved by the OSC on May 18, 2007, Mr. Melnyk filed today a Report
with the Office of the Secretary to the OSC. The Report is based on
information available to Mr. Melnyk as at June 22, 2007 and contains a list of
trades in Biovail common shares, call options and other derivatives held by
certain trusts settled by Mr. Melnyk for the period from January 1, 2002 to
June 22, 2007. A copy of the Report is being filed by Mr. Melnyk under
Biovail's issuer profile on SEDAR at Additional information,
including a copy of the Settlement Agreement, is available on the OSC website

For further information:

For further information: Duncan Fulton, (613) 238-2090,

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