Wednesday, May 30, 2007

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Gilead Board of Directors Approves Two-for-One Stock Split

Gilead Sciences, Inc. (Nasdaq:GILD) announced today that its Board of Directors has approved a two-for-one stock split of the company's outstanding common stock to be effected through a stock dividend. Stockholders of record as of the close of business on May 24, 2007 will receive a stock dividend of one additional share of common stock for every share of common stock they own. Based on the total number of shares of common stock outstanding as of March 31, 2007, the stock split will increase the total number of shares of common stock outstanding from approximately 465,544,000 to 931,088,000, out of the 1,400,000,000 shares of common stock currently authorized.

Because Gilead will establish a Direct Registration System for its stockholders prior to the dividend distribution date, the company's transfer agent, Mellon Investor Services L.L.C., has been instructed to mail a Direct Registration Transaction Advice for the additional shares to stockholders that have physical possession of their stock certificates on June 22, 2007.

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