Exercise of options

Mattioli Woods PLC
18 October 2006

Press Release                                                    18 October 2006


                               Mattioli Woods plc


                      ('Mattioli Woods' or 'the Company')


                              Exercise of Options


Mattioli Woods (AIM: MTW.L) announces that, options over 170,455 ordinary shares
of 1 pence each on the capital of the Company were exercised on 17 October 2006
by W Deb MVL Plc (formerly Williams de Broe plc) as part of a general programme
of realisations, at an exercise price of £1.32, under the option agreement dated
16 November 2005 made between Mattioli Woods and Williams de Broe plc.

Accordingly, application will be made for 170,455 new ordinary shares of 1 pence
each in the Company, which will rank pari passu with existing ordinary shares,
to be admitted to trading on AIM.

It is expected that dealings in these new ordinary shares will commence on
23 October 2006.



                                    - Ends -


For further information:

Mattioli Woods plc
Nathan Imlach, Finance Director                Tel: [phone]
[e-mail]             www.mattioli-woods.co.uk

Evolution Securities Limited
Joanne Lake, Corporate Finance                 Tel: [phone]
[e-mail]                  www.evosecurities.com

Media enquiries:
Abchurch
Sarah Hollins/Louise Thornhill                 Tel: [phone]
[e-mail]               www.abchurch-group.com




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