Share Options

Churchill China PLC
5 December 2000


CHURCHILL CHINA plc
                               
                               
Share Options

Churchill  China  plc  announces that the following  directors
surrendered existing share options on 1st December 2000 issued
under  the  Group's  Approved and Unapproved  Executive  Share
Option  Schemes and were granted new share options  under  the
Group's Approved and Unapproved schemes on 5th December 2000.

                                 Option     Options         New
                                 Price      surrendered     options

David J.S.Taylor

Approved Scheme                  280p        35,716
Approved Scheme                  505p        10,000
Unapproved Scheme                342p         5,000
Approved and Unapproved Scheme   151p                       40,000

Paul D.Deighton

Approved Scheme                  280p        21,434
Unapproved Scheme                575p         7,500
Unapproved Scheme                342p         5,000
Approved and Unapproved Scheme   151p                       40,000

David M.O'Connor

Approved Scheme                  280p        14,283
Unapproved Scheme                575p         7,500
Unapproved Scheme                342p         5,000
Approved and Unapproved Scheme   151p                       40,000


After the above transactions each of the above Directors  will
have 62,500 shares under option.

The   Remuneration   Committee  consider  that   the   options
surrendered   did  not  provide  appropriate   motivation   to
executives regarded as important to the continued progress  of
the  Group.  The Remuneration Committee was also mindful  that
before  any  existing options were cancelled and  new  options
granted  that  a clear and sustained recovery in  the  Group's
trading  performance  should  be demonstrated  and  that  this
should  be  reflected in a substantial growth in  share  price
from  the  historic lows recorded early in   the  year.  These
conditions have now been fulfilled.

In  addition to the above a further 40,000 share options at  a
price  of  151p  were  granted to  Ralph  Grundy  under  the
Approved  and Unapproved Schemes on 5th December 2000,  giving
him a total of 62,500 shares under option.

For further information please contact

Stephen Roper - Chairman          - 01782 577566
David Taylor - Finance Director   - 01782 577566