Grant of Options

Portland Gas plc
25 January 2008


For Immediate Release                                            25 January 2008


                                Portland Gas plc
                                        
                                        
                                (the 'Company')
                                        
                                        
                                Grant of Options
                                        

The Company announces that, on 25 January 2008, and as disclosed in its AIM
Admission Document it has established an Enterprise Management Incentive Scheme
('EMI Scheme') and that options to purchase shares have been granted to all
employees.


All the options have been granted at 228p (being the average middle-market
closing price on the three days immediately preceding the date of grant). The
options are not exercisable until 1 January 2011. Options were granted over a
total of 286,176 ordinary shares representing approximately 0.42% of the issued
share capital. The market value of the options granted is £652,481.28 out of the
maximum £3,000,000 permitted under the EMI Scheme.


The grant of options included the following grants to directors: Andrew Hindle,
Craig Gouws and Walter Roberts, 43,859 ordinary shares each; and Kenneth
Ratcliff, Mark Abbott and Maurice Hazzard, 21,929 ordinary shares each. In each
case these are the only options awarded to each director.


Enquiries:

Andrew Hindle/Craig Gouws            Tel: [phone]
Portland Gas plc

Ben Willey                           Tel: [phone]
Buchanan Communications

Jonathan Wright/Sarah Jacobs         Tel: [phone]
Seymour Pierce Limited






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