Grant of SAYE options

Tribal Group PLC 9 November 2001 Tribal Group plc ('the Company') Grant of SAYE options At its AGM on 29 August 2001, the Company adopted an Inland Revenue approved savings-related share option scheme ('SAYE Scheme'). On 8 October 2001, invitations were issued to all eligible employees of the Company (including the executive directors), specifying an option exercise price of 208p that was fixed relative to Tribal's closing share price on 4 October 2001. The Company received applications from 56% of its eligible employees and options were formally granted to the Company's employees on 2 November 2001. The Company's Board believe that the SAYE Scheme will provide effective share incentives for all of the Company's employees and will widen the Company's employee-shareholding base. A total of 410,146 options have been granted under the SAYE Scheme, of which the following were granted to executive directors: Henry Pitman 4,567 options over shares Simon Lawton 3,653 options over shares Peter Martin 4,567 options over shares 9 November 2001 ENDS

Companies

Tribal Group (TRB)
UK 100