Grant of Options

Quadrise Fuels International PLC
04 December 2007


4 December 2007

                        Quadrise Fuels International PLC
                         ('Quadrise' or 'the Company')
                                   (AIM: QFI)

         Conditional Grant of Options by International Energy Group AG

The Company has been advised that, on 28 November 2007, International Energy
Group AG ('IEG') has approved the grant of options ('the Options') over 12
million ordinary shares of 1p each in Quadrise ('Ordinary Shares'), from its own
shareholding in Quadrise, to the Quadrise management team. If all the options
are exercised, the IEG shareholding in Quadrise would be reduced from
272,474,515 Ordinary Shares to 260,474,515 Ordinary Shares and the percentage
interest from 59.01% to 56.41%.

The granting of the Options will complement the Quadrise management team
compensation and, specifically, incentivise continuity of service of the expert
specialists which IEG believes is in the interests of all shareholders.

One million Options have been granted in recognition of past contribution and
will vest on award. The remaining 11 million Options vest in equal parts on 31
December 2009 and 31 December 2010, on condition that the holder is still
employed by Quadrise on those dates. In keeping with the purpose of the award,
the strike price is nominal at 1p per Ordinary Share.

Of these Options, three million have been granted to Bill Howe, Chief Executive.
As a result, Mr Howe's interest in the Company is 2,079,827 Ordinary Shares and
7,000,000 options over Ordinary Shares, representing 0.45% and 1.52% of the
Company's issued share capital, respectively.

For further information, please contact:

Quadrise Fuels International plc
Bill Howe
CEO
T: [phone]

Smith & Williamson Corporate Finance Limited
Azhic Basirov / Siobhan Sergeant
T: [phone]

Parkgreen Communications
Simon Robinson
T: [phone]





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