RESEARCH TRIANGLE PARK, N.C., – June 21, 2004 – Quintiles Transnational Corp. today announced that John Ratliff has been appointed Chief Financial Officer, succeeding James L. Bierman, whose retirement, effective June 30, 2004, was announced earlier this year.

Ratliff joins Quintles from Acterna, where he served as Senior Vice President and Chief Financial Officer. Acterna is one of the world's largest providers of communications test solutions for telecommunications and cable network operators. Before moving to Acterna in 2000, John worked 19 years at IBM, holding several positins of increasing responsibility. His most recent positions at IBM included Vice President for Finance and Planning, PC Company; Vice President for Finance and Planning, Latin America; and Assistant Controller. John received his bachelor's degree in industrial and systems engineering from the Georgia Institute of Technology in Atlanta and his MBA from Duke University in Durham, N.C.

"John brings to his new role a strong financial background with experience in private and public companies," said Quintiles Transnational Chairman and CEO Dennis Gillings, Ph.D. "He will build on Jim Bierman's significant improvements in our global financial processes and practices, which have been critical in helping us achieve profitable growth."

Quintiles helps improve healthcare worldwide by providing a broad range of professional services, information and partnering solutions to the pharmaceutical, biotechnology and healthcare industries. Headquartered near Research Triangle Park, North Carolina, Quintiles has offices in 50 countries and is the world's leading pharmaceutical services organization. For more information visit the company's Web site at www.quintiles.com.