The Company announces that, on 22 February 2013, it cancelled and re-issued 400,000 options originally issued on 27 July 2012 to the following Directors of the Company:

Niki Baker250,000 Options
Jonathan Sumner150,000 Options

The terms of the options remain unchanged. The options are exercisable at 4 pence per share, being the mid-market closing price on 26 July 2012, as notified at that time. The Options will vest on the expiry of a period of three years from 27 July 2012 and shall lapse on 26 July 2022.

Following this cancellation and re-issue, the Directors’ interest in the Company remains unchanged and the Company has a total of 2,040,203 options in issue.

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