Consultants Share Option Plan

Mattioli Woods PLC
05 September 2006


Press Release                                        5 September 2006



                               Mattioli Woods plc

                      ('Mattioli Woods' or 'the Company')

                     Consultants' Share Option Plan Adopted


Mattioli Woods, the specialist pensions consultancy, announces that, as set out
in its AIM Admission Document last November, it has adopted the Consultants'
Share Option Plan with effect from 5 September 2006.


The adoption of the Consultants' Share Option Plan is an important element of
the Directors' strategy to motivate and retain the Company's key employees.


Under the terms of the Consultants' Share Option Plan, the Directors can grant
share options over up to 5 per cent of the issued share capital of the Company
to eligible members of its consultancy team.


The eligibility of Consultants for entry into the scheme is conditional upon
their individual performance meeting a target turnover level. Options granted
will only be exercisable if the Consultant meets a target average annual
turnover level in each of the five financial years commencing from the year of
the grant.


As at 5 September 2006 the Company has granted options over up to 1.5 per cent
of its issued share capital under the Consultants' Share Option Plan.


                                    - Ends -


For further information:


Mattioli Woods plc

Nathan Imlach, Group Finance Director                  Tel: [phone]
[e-mail]                      www.mattioli-woods.co.uk


Evolution Securities Limited

Joanne Lake, Corporate Finance                         Tel: [phone]
[e-mail]                              www.evosecurities.com


Media enquiries:

Abchurch

Sarah Hollins/Neil Camp                                Tel: [phone]
[e-mail]                          www.abchurch-group.com



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