Pipehawk PLC : Issue of Share Options

6 March 2012

PipeHawk plc
("PipeHawk" or the "Company")

Issue of Share Options

The Company announces that the Board has approved the issue of 1,000,000 share options to Robert Tallentire, Finance Director, and 500,000 share options to Randal MacDonnell, Non-Executive Director. The options have an exercise price of the higher of 3 pence or the middle-market closing price today and only vest in the event that the thirty day average middle-market closing price of the Company's shares exceeds 10 pence.  The options are exercisable from 6 March 2015 to 6 March 2022.

Following the issue of the above options, Mr Tallentire and Mr MacDonnell will be interested in the following options:

	Number of options	Exercise Price	Date from which exercisable
Robert Tallentire	40,000	14.5p	20 December 2005
Robert Tallentire	5,000	20.0p	18 November 2007
Robert Tallentire	200,000	12.0p	9 December 2007
Robert Tallentire	100,000	13.5p	14 November 2008
Robert Tallentire	1,000,000	10p	6 March 2012
Randal MacDonnell	100,000	24.0p	2 May 2009
Randal MacDonnell	250,000	3p	13 December 2011
Randal MacDonnell	500,000	10p	6 March 2012

In addition to the above, Robert Tallentire has warrants over 2,120,000 shares, exercisable at 3 pence per share and only vest in the event that the thirty day average middle-market closing price of the Company's shares exceeds 10 pence.  The warrants are capable of being exercised until 12 December 2018.

Enquiries: 

PipeHawk Plc Gordon Watt (Chairman)	Tel. No. 01252 338 959
Merchant Securities Limited (Nomad) David Worlidge/Simon Clements	Tel. No. 020 7628 2200
FinnCap (Broker) Charles Cunningham	Tel. No. 020 7600 1658

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Source: Pipehawk PLC via Thomson Reuters ONE

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