Freeplay Energy PLC - Grant of Options

Tue Jan 8, 2008 10:21am EST

* Reuters is not responsible for the content in this press release.

RNS Number:3385L
Freeplay Energy PLC
08 January 2008

8 January 2008

               Freeplay Energy Plc ("Freeplay" or the "Company")

                         Grant Of Options To Directors

Freeplay Energy Plc announces that on 8 January 2008 it agreed to grant options
over a total of 3,000,000 new ordinary shares of 5p each at a price of 6.5p per
share to certain directors of the Company under the Company's Share Option
Scheme (the 'Options').

The Options will vest between 31 December 2008 and 31 December 2010 dependent on
the company achieving or exceeding the EBITDA target approved by the board for
each of the years ending 31 December 2008, 2009 and 2010, in the proportions 40/
30/30% respectively.

The details are as follows:

Directors                New Options granted       Total number of Options now

David Floyd                       1,500,000                     1,500,000
Harold Reiter                     1,500,000                     1,873,514

Following the grant of Options to Harold Reiter, 373,514 Options will be
exercisable at a price of 29p and 1,500,000 Options will be exercisable at 6.5p
per share.


Freeplay Energy plc                                   020 7851 2630
Rory Stear, Chairman

Charles Stanley (Nominated Adviser)                   020 7149 6000
Mark Taylor

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