Amarin Reports Second Quarter 2012 Financial Results And Provides Update On Operations

Conference call and webcast information

Amarin will host a conference call at 4:30 p.m. EDT today, August 8, 2012. To participate in the call, please dial [phone] within the United States or [phone] from outside the United States. A replay of the call will be made available for a period of two weeks following the conference call. To hear a replay of the call, dial [phone] (inside the U.S.) or [phone] (outside the U.S.). A replay of the call will also be available through Amarin's website shortly after the call. For both dial-in numbers please use account number 286 and conference ID 398418. The conference call can also be heard live through the investor relations section of Amarin's website at www.amarincorp.com .

Use of non-GAAP adjusted financial information

Included in this press release and the conference call referenced above are non-GAAP adjusted financial information as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each non-GAAP adjusted financial measure used or discussed, and a reconciliation of the differences between each non-GAAP adjusted financial measure and the comparable GAAP financial measure, are included in this press release after the condensed consolidated financial statements.

Non-GAAP adjusted net loss was derived by taking GAAP net loss and adjusting it with non-cash gains or losses for share-based, warrant-based compensation, and change in value of derivative. Amarin's management believes that these non-GAAP adjusted measures provide investors with a better understanding of the company's historical results from its core business operations by excluding them.

While management believes that this non-GAAP adjusted financial measure provides useful supplemental information to investors regarding the underlying performance of the company's business operations, investors are reminded to consider this non-GAAP measure in addition to, and not as a substitute for, financial performance measures prepared in accordance with GAAP. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the company's results of operations as determined in accordance with GAAP. In addition, it should be noted that these non-GAAP financial measures may be different from non-GAAP measures used by other companies, and management may utilize other measures to illustrate performance in the future.

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