SPI PHARMACEUTICALS INC.

ADDRESS: 3300 Hyland Ave., Costa Mesa

BUSINESS: The company makes, distributes and sells pharmaceutical products

ASSETS: $115.1 million (Nov. 30, 1987)

NUMBER OF EMPLOYEES: 1,634

TOP EXECUTIVES:

Cash Name Position Compensation Milan Panic Chairman, chief executive officer NA Ernest L. Park Jr. President $150,005 Leonard L. Mazur Vice president $117,675 Paul V. Maier Vice president $91,435 Leon Fleischer Manager $75,401

Source: Proxy report dated March 18, 1988

BOARD OF DIRECTORS

Shares % of total Name Age Occupation owned shares Milan Panic 58 Chairman, chief executive of the company 2,500 -- Norman Barker Jr. 65 NA -- -- Alan F. Charles 50 NA -- -- Weldon B. Jolley 61 NA 33,900 -- Walter L. Koltun 59 NA 5,000 --

OTHER MAJOR SHAREHOLDERS

Shares % of total Name owned shares ICN Pharmaceuticals Inc. 9,047,878 89.8 Wells Fargo Bank 403,994 4.0

Source: Proxy report dated March 18, 1988

FINANCIAL RESULTS

Fiscal year ends Nov. 30. Earnings and revenue in millions of dollars.

1987 1986 1985 1984 Sales $78.6 $61.4 $45.3 $23.9 Earnings (loss) $8.5 8.1 (10.1) 2.4 Per share 0.83 .80 (1.16) 0.39

STOCK DATA

Stock exchange, symbol American, SPI

Shares outstanding (March 31) 10,074,000

52-week high $18

52-week low $4.75

Friday’s closing price per share $8.25

Market value of common stock $83.1 million