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Summit Corporation PLC (SUMM)

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Monday 11 April, 2011

Summit Corporation PLC

Grant of Options






Summit Corporation plc
("Summit" or "the Company")


DIRECTOR DEALINGS: GRANT OF OPTIONS

Oxford, UK, 11 April 2011, Summit Corporation plc (AIM: SUMM), a leading UK drug
discovery company today announces that on 8 April 2011 the Company granted Share
Options under its Enterprise Management Incentive ('EMI') Scheme at an exercise
price of 3.25 pence per share to the following Directors of the Company:


+------------------+--------------------+-------------------+------------------+
|Director          |Position            |  Number of Options|   Total Number of|
|                  |                    |            Granted|      Options Held|
+------------------+--------------------+-------------------+------------------+
|Barry Price, PhD  |Executive Chairman  |            500,000|           500,000|
+------------------+--------------------+-------------------+------------------+
|Richard Storer,   |Chief Scientific    |          1,000,000|         3,415,120|
|PhD               |Officer             |                   |                  |
+------------------+--------------------+-------------------+------------------+

In addition, options were also granted to other eligible employees of the
Company over 2,725,000 shares (representing 1.6% of the Company's current issued
share capital).  The vesting of the options is subject to performance conditions
linked to an improvement in the Company's share price.  In order to vest in full
the Company's average share price will have to exceed 15 pence over the two
months ending 7 April 2014.

The Board of Summit believes these awards are in the best interest of the
Company to retain and motivate employees to deliver value to shareholders.

                                    - END -

For more information, please contact:

 Summit

 Barry Price, PhD,

 Richard Pye, PhD                             Tel: +44 (0)1235 443 939



 Singer Capital Markets (Nominated Adviser)

 Shaun Dobson / Claes Spång                   Tel: +44 (0)20 3205 7500



 Peckwater PR

 Tarquin Edwards                              Tel: +44 (0)7879 458 364
                                              tarquin.edwards@peckwaterpr.co.uk


Notes to Editors

About Summit
Summit is an Oxford, UK based drug discovery company with an innovative
technology platform called Seglins(TM) for the discovery of new medicines, a
portfolio of drug programme assets and a commercial strategy of signing multiple
early-stage deals.

Seglin(TM) technology is using new chemistry to access biological drug targets
that cannot be exploited by conventional drug discovery approaches.  Summit's
internal research is currently focussed in the high-value therapy areas and the
Company will further exploit the technology's wider potential through strategic
alliances.  Summit's programme portfolio consists of a number of drug programmes
targeting high-value areas of unmet medical need including Duchenne Muscular
Dystrophy and C. difficile infections.

Summit's commercial strategy focuses on signing multiple early-stage drug
programme and technology platform deals that generate upfront cash, remove
development costs from the Company, and retain valuable upside potential.

Summit is listed on the AIM market of the London Stock Exchange and trades under
the ticker symbol SUMM.  Further information is available at www.summitplc.com.










This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Summit Corporation PLC via Thomson Reuters ONE

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