Grant of options

8 April 2014

                             Vela Technologies PLC                             

                           ("Vela" or the "Company")                           

Grant of options

Vela Technologies, the investing company focussing on early stage and pre-IPO
technology investments, announces that it has today granted options over a
total of 8,235,294 ordinary shares of 0.1 pence each ("Ordinary Shares")
representing approximately 3.7 per cent. of the Company's current issued
ordinary share capital at an exercise price of 0.85 pence per share. The
options were granted equally (4,117,647 each with a total exercise price of £
35,000 per director) to directors Brent Fitzpatrick and Antony Laiker and vest
as to one third on grant and one third on each of the first and second
anniversaries of grant. They are not subject to any performance conditions and
will lapse 7 years from the date of grant.

Given that both directors are receiving options, all directors are related
parties for the purposes of the grant and there are no independent directors
for the purposes of the AIM Rules for Companies. ZAI Corporate Finance Ltd.,
the Company's nominated adviser, considers that the terms of the grant are fair
and reasonable insofar as the Company's shareholders are concerned. The
exercise price of the options is at a discount of 38.2 per cent. to the mid
market price at 13:00hrs today of 1.375p per share and at a premium of 70 per
cent. to the Company's most recent placing announced on 25 March 2014. Total
combined annual remuneration of the directors is £12,000. Mr Laiker is
interested in 1,916,724 ordinary shares (approximately 0.86 per cent. of the
company's current issued share capital). The directors have no other interest
in shares or options.

For further Information:

Vela Technologies plc                                            
Brent Fitzpatrick, Non-Executive Chairman                                    
Antony Laiker, Director                     07802 262443                                                    
                                                                             
ZAI Corporate Finance, Nomad                020 7060 2220                    
Peter Trevelyan-Clark/Tim Cofman/Wei Wang                                    
                                                                             
Peterhouse Corporate Finance, Joint Broker  020 7469 0932                    
Eran Zucker                                                                  
                                                                             
Hume Capital Securities plc, Joint Broker   020 3693 1470                    
Jon Belliss                                                                  
                                                                             
Newgate Threadneedle                        020 7653 9850                    
Graham Herring/Heather Armstrong