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Virotec Intl Ld (VTI)

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Tuesday 16 September, 2003

Virotec Intl Ld

Exercise of options

Virotec International Ld
16 September 2003

                            VIROTEC INTERNATIONAL LTD

16 September 2003

                              EXERCISE OF OPTIONS

Virotec International Ltd (ASX/AIM: VTI) advises that 300,000 options
exercisable at A$0.21 each on or before 31 October 2005 issued under its Option
Incentive Scheme to employees of the company have been exercised into 300,000
ordinary shares.

Virotec also advises that 2,700,000 options exercisable at A$1.00 each on or
before 31 August 2003 have expired unexercised.

The current issued capital of Virotec is as follows:

193,493,841 Ordinary shares
4,600,000   Options (unquoted) with various expiry dates between 31
            November 2003 and 31 March 2006 and exercisable at various 
            exercise prices between A$0.21 and A$1.00.

For more information please contact Angus Craig, Company Secretary, 
on +617 55308014. 

                            Virotec International Ltd
                               ABN 81 004 801 398
                                   PO Box 188
                            Sanctuary Cove QLd 4212

                      This information is provided by RNS
            The company news service from the London Stock Exchange