RNS Number:0712S
Elan Corporation PLC
14 November 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Elan Corporation Plc




2. Name of director


G.Kelly Martin




3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


As per (2) above




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


As per (2) above


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


As per (2) above




6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Grant of Options



7. Number of shares / amount of stock acquired







8. Percentage of issued class






9. Number of shares/amount of stock disposed











10. Percentage of issued class







11. Class of security







12. Price per share





13. Date of transaction






14. Date company informed







15. Total holding following this notification







16. Total percentage holding of issued class following this notification








If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


13 November 2003




18. Period during which or date on which exercisable


Options are exercisable in three equal instalments on 31 December 2003 on 31 December 2004 and on 31 December 2005.

The options expire 12 November 2013.



19. Total amount paid (if any) for grant of the option


Nil




20. Description of shares or debentures involved: class, number


Option to acquire 1,000,000 Ordinary Shares as represented by American Depositary Shares








21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


$5.28




22. Total number of shares or debentures over which options held following this
notification


2,000,000




23. Any additional information







24. Name of contact and telephone number for queries


William F.Daniel

Company Secretary

00353 1 7094621



25. Name and signature of authorised company official responsible for making
this notification


William F. Daniel





Date of Notification


13 November 2003


This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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