Grant of Options

SOFTWARE RADIO TECHNOLOGY PLC                         

                               GRANT OF OPTIONS                                

Software Radio Technology plc ("SRT" or the "Company") announces that on 20
July 2009 Neil Peniket, a Director of SRT, was granted options over 2,000,000
ordinary shares of 0.1p each in SRT at a price of 2.5 pence per share. The
options are divided into four tranches and vest over a period of four years
provided that certain profitability and share price targets are met, as set out
below. The options become exercisable six months from the date of vesting and
replace 700,000 options previously granted to Mr. Peniket which have been
cancelled.

Tranche   No. of options   Vesting Criteria                                    
          at 2.5 pence per                                                     
          share                                                                
                                                                               
1         300,000          a) both of the following conditions are met         
                           independently of each other:                        
                                                                               
                           i) the mid-market closing share price has reached at
                           least 8p for either of 10 consecutive trading days  
                           or 15 trading days in any 20 consecutive days       
                                                                               
                           and                                                 
                                                                               
                           ii) the annual profits before tax of the Company    
                           exceed £1                                           
                                                                               
                           or                                                  
                                                                               
                           b) the mid-market closing share price has reached at
                           least 15p for either of 10 consecutive trading days 
                           or 15 trading days in any 20 consecutive days.      
                                                                               
2         400,000          a) the mid-market closing share price on AIM has    
                           reached 15p for either of 10 consecutive trading    
                           days or 15 trading days in any 20 consecutive days  
                                                                               
                           or                                                  
                                                                               
                           b) if the annual profits before tax exceed £500,000,
                           the Remuneration Committee may in its absolute      
                           discretion allow this tranche to vest.              
                                                                               
3         500,000          i) when the mid-market closing share price has      
                           reached 25p for either of 10 consecutive trading    
                           days or 15 trading days in any 20 consecutive days  
                                                                               
                           and                                                 
                                                                               
                           ii) a minimum of 2 years from the date of grant.    
                                                                               
4         800,000          i) when the mid-market closing share price has      
                           reached 25p for either of 10 consecutive trading    
                           days or 15 trading days in any 20 consecutive days  
                                                                               
                           and                                                 
                                                                               
                           ii) a minimum of 3 years from the date of grant.    
                                                                               


Enquiries:                                                                   
                                                                             
Software Radio Technology plc                              [phone]
                                                                             
Simon Tucker                                     [e-mail]
                                                                             
Group Managing Director                                                      
                                                                             
Hanson Westhouse Limited                                 [phone]
                                                                             
Tim Feather                                                                  
                                                                             
Matthew Johnson