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Web Shareshop (SVE)

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Tuesday 22 May, 2001

Web Shareshop

Grant of options

Web Shareshop (Holdings) PLC
22 May 2001


Web Shareshop (Holdings) plc ('the Company')

The Directors are pleased to announce that, in accordance with the authorities
previously granted to them, they have issued options over Ordinary shares in
the Company to Mr William Jackson, Chairman and Chief Executive Officer on the
following terms and conditions:


  * the options were granted on 21 May 2001
  * the options are over 1,964,580 Ordinary shares of one penny in the
    Company, being approximately 10% of the issued share capital
  * the option exercise price will be 5 pence, being a premium of 0.75 pence
    on the mid-market price of 4.25 pence at the close of business on 21 May
    2001
  * the options may be exercised at any time for a period of approximately
    five years to 28 February 2006
  * in the event that Mr Jackson ceases to be Chief Executive Officer of the
    Company for any reason whatsoever during the option period, then he will
    be entitled to exercise his options within six months of that event, after
    which the options shall lapse

It is the Board's determination that it is essential to the development of the
Company at this early stage for its' key executive to be adequately
incentivised.  Whilst the Company has taken steps to reduce its cash
expenditure in order to conserve resources, the granting of options is a real
way in which the executive's efforts can be tangibly recognised at this time.