Exercise of Options

Titon Holdings PLC
11 September 2000

             Titon Holdings PLC ('the Company')
       Exercise of options and Director's dealings


The Company has been informed that Christopher Martin,  a
director  of  the Company, today exercised an  option  to
acquire  25,000  ordinary shares of 10p  each  ('Ordinary
Shares') at 45 pence per Ordinary Share.  Following  this
transaction, Christopher Martin has an interest in 25,000
Ordinary Shares, representing 0.2 per cent. of the issued
ordinary  share  capital and has options over  a  further
8,600 Ordinary Shares.