Exercise of Share Options

Nutrinnovator Holdings PLC
21 July 2004


Immediate Release                                                   21 July 2004


                           Nutrinnovator Holdings plc

                           Exercise of Share Options

Nutrinnovator Holdings plc ('Nutrinnovator' or 'the Company') announces that
options over a total of 40,372 of its 2p ordinary shares have been exercised at
a price of 2p per share. These options are part of a total of 188,428 such
options awarded to a group of pre-IPO investors.

Application has been made to the Stock Exchange for quotation of these 40,372
new shares on the AIM market.

Following this transaction the total number of 2p ordinary shares of
Nutrinnovator in issue is 16,555,371.



Contacts:

Nutrinnovator Holdings plc                     Tel: [phone]
Doug Gardner                                   Tel: [phone]
Oriel Securities Limited
Andrew Edwards
Scott Richardson Brown



                      This information is provided by RNS
            The company news service from the London Stock Exchange