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Press release from PR Newswire

PDL BioPharma Completes Regular Quarterly Dividend Payment

Thursday, June 14, 2012

PDL BioPharma Completes Regular Quarterly Dividend Payment19:47 EDT Thursday, June 14, 2012INCLINE VILLAGE, Nev., June 14, 2012 /PRNewswire/ -- PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today announced that it has paid the June 14, 2012, regular quarterly dividend payment of $0.15 per share to all stockholders owning shares of PDL as of June 7, 2012, the record date. (Logo: http://photos.prnewswire.com/prnh/20110822/SF55808LOGO )About PDL BioPharmaPDL pioneered the humanization of monoclonal antibodies and, by doing so, enabled the discovery of a new generation of targeted treatments for cancer and immunologic diseases. Today, PDL is focused on intellectual property asset management, investing in new revenue generating assets and maximizing the value of its patent portfolio and related assets. For more information, please visit www.pdl.com. NOTE: PDL BioPharma and the PDL BioPharma logo are considered trademarks of PDL BioPharma, Inc. SOURCE PDL BioPharma, Inc.For further information: John McLaughlin, PDL BioPharma, Inc., +1-775-832-8500, john.mclaughlin@pdl.com or Jennifer Williams, Cook Williams Communications, Inc., +1-360-668-3701, jennifer@cwcomm.org