21 August 2006
ITM Power plc ("ITM" or "the Company")
Grant of Options
ITM Power PLC announces that Jim Heathcote, Chief Executive, was granted 13,153
options on 11 August 2006, exercisable at a price of 130p per share.
The options have been issued pursuant to ITM's newly established Save As You
Earn scheme and are exercisable seven years from the date of grant and expire 6
months after they become exercisable. This scheme is open to all members of the
company in accordance with HM Revenue & Customs' rules.
Following this grant of options, Mr Heathcote now holds options over 7,422,653
Ordinary Shares of 5p each in the Company.
Enquiries:
Marcus Scott, CFO
ITM Power plc
Tel: 01799 532 860
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