Issue of Options

22 December 2014
MILESTONE GROUP PLC
("Milestone" or the "Company")

Issue of Options

Milestone announces that on 22 December 2014, it awarded 89,415,000 options to subscribe for new ordinary shares in the Company to directors and others under its approved and unapproved share option schemes.

The options have an exercise price of 1 pence each. 50% of the options issued will be exercisable when the Company's share price exceeds 2 pence for 15 consecutive days, with the remainder exercisable when the Company's share price exceeds 3 pence for 15 consecutive days at any time before the tenth anniversary of the issue date.

The Company does not currently have the requisite authority to issue the shares pursuant to the award of options, and therefore the issue of these options is conditional on shareholder approval of the requisite authority, which will be proposed at the next Annual General Meeting of the Company planned for March 2015.

The table below sets out the schedule of options that have been issued to directors and others.

	Number of new options issued	Number of existing options held	Total number of options held	Number of ordinary shares held	Maximum beneficial interest (number of shares)
Deborah White	40,056,000	6,000,000	46,056,000	34,883,774	80,939,774
Tony Sanders	15,352,000	-	15,352,000	1,500,000	16,852,000
David Hill	3,676,000	4,000,000	7,676,000	1,000,000	8,676,000
Kevin Everett	3,582,000	-	3,582,000	-	3,582,000
Others	23,121,000	9,085,000	32,206,000	532,752,258	564,958,258
TOTAL	85,787,000	19,085,000	104,872,000	570,136,032	675,008,032

The total number of 104,872,000 options in issue represents 18.4 per cent. of the Company's share capital of 570,136,032.

Related Party Transaction

The issue of 62,666,000 options to directors is a related party transaction under the AIM Rules for Companies. Jim Brown, who is the Company director independent of the transaction, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, considers that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

For further information:

Milestone Group PLC Deborah White, Chief Executive	Tel: [phone]
Cairn Financial Advisers LLP Nominated Adviser Liam Murray / Avi Robinson	Tel: [phone]
Hybridan LLP Broker Claire Louise Noyce	Tel: [phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Milestone Group PLC via Globenewswire

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