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Greenchip Investment (XEN)

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Friday 17 May, 2002

Greenchip Investment

Grant of Options

Greenchip Investments  PLC
17 May 2002

                         Greenchip Investments Plc

The Board of Greenchip are pleased to announce that on 16 May 2002 they granted
Mr Colin Hill share options to subscribe for 3,000,000 ordinary shares in the
company at an exercise price of 4 pence per share, such options being
exercisable in the period from 9 January 2003 to 31 December 2007.

17 May 2002

Enquiries:

Charles Cannon-Brookes - Tel:  020 7389 5017


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