Share Option

Caldwell Investments PLC
22 February 2005




COMPANY NUMBER 269566



                          CALDWELL INVESTMENTS P.L.C.


Caldwell Investments PLC announce that 50,000 Shares have been allotted to
Graham Haselden as per the Share Option Agreement dated 8th June 2001.






S. J. Wootliff
Chairman
Caldwell Investments PLC.




22nd February 2005.





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