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Jazz Pharmaceuticals Announces Closing of Registered Direct Offering

Tuesday, July 22, 2008 General News
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PALO ALTO, Calif., July 21 Jazz Pharmaceuticals,Inc. (Nasdaq: JAZZ) announced today that it has completed the previouslyannounced registered direct offering of 3,848,289 units (the "Units"), witheach Unit consisting of (i) one share of the Company's common stock, par value$0.0001 per share ("Common Stock"), and (ii) a warrant to purchase 0.45 of ashare of Common Stock, for gross proceeds of approximately $26.0 million,before deducting placement agents' fees and estimated offering expenses.Lazard Capital Markets LLC served as lead placement agent and Leerink SwannLLC served as co-placement agent for the offering.
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The securities described above were offered by Jazz Pharmaceuticalspursuant to a registration statement previously filed and declared effectiveby the Securities and Exchange Commission (the "SEC").
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This press release shall not constitute an offer to sell or thesolicitation of an offer to buy, nor shall there be any sale of thesesecurities in any state or jurisdiction in which such offer, solicitation orsale would be unlawful prior to registration or qualification under thesecurities laws of any such state. The securities may be offered only by meansof a prospectus. Copies of the final prospectus supplement and accompanyingbase prospectus relating to this offering may be obtained at the SEC's websiteat http://www.sec.gov or from Lazard Capital Markets LLC at 30 RockefellerPlaza, 60th Floor, New York, NY, 10020.

About Jazz Pharmaceuticals, Inc.

Jazz Pharmaceuticals, Inc. is a specialty pharmaceutical company focusedon identifying, developing and commercializing innovative products to meetunmet medical needs in neurology and psychiatry. For further information,please visit http://www.JazzPharmaceuticals.com.

SOURCE Jazz Pharmaceuticals, Inc.
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