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Broker Dealer Letter

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Title:

Broker Dealer Letter

Entities:

Marshall Edwards, Inc.

Date:

2003

Size:

2KB total

Price:

$38

ID:

#274949

► Miscellany ► Letters ► Broker Dealer Letters
► Biotech & Drugs ► Pharmaceutical Preparations

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[Broker Dealer letter to accompany MEI letter delivered in connection with

Directed Subscription Program]





[Janney Montgomery Scott LLC letterhead]





_______________ , 2003



To:      Certain Eligible Security Holders

         Designated by Marshall Edwards, Inc.:



      In connection with the Marshall Edwards, Inc. Directed Share Subscription

Program relating to a public offering of its common stock units, you are

receiving:



      -     a letter from Marshall Edwards, Inc. explaining the Directed Share

            Subscription Program, and



      -     a copy of Marshall Edwards, Inc.'s preliminary prospectus relating

            to its public offering and the Directed Share Subscription Program.



      Please direct any questions regarding the Directed Share Subscription

Program to Mr. Richard Grieves on our investor information line at 410-822-1181

or by email at rgrieves@jmsonline.com. Please do not call Marshall Edwards

directly. Only our investor information line or our representatives will be able

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