Director Shareholding

Interregnum PLC
07 July 2003

                                Interregnum Plc
                                  ('Company')

                                Grant of Options

The Company announces that it has today granted options to subscribe for
ordinary shares to Martin Peck, a Director of the Company, as follows:

 Number of options to subscribe                        Date the option
   for ordinary shares of the    Exercise price per       becomes
           Company               ordinary share (p)     exerciseable

                               
                     1,000,000                5.38         7 July 2004
                     1,000,000                5.38         7 July 2005
                     1,000,000                5.38         7 July 2006
                     1,000,000                5.38         7 July 2007
                     1,000,000                5.38         7 July 2008



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