Additional Listing

International Greetings PLC
22 August 2003


INTERNATIONAL GREETINGS PLC ('the Company')


22 August 2003


EXERCISE OF OPTIONS


Application has been made for the admission ('Admission') of 470,000 new
ordinary shares of 5p each in the Company ('Shares') to the Alternative
Investment Market of the London Stock Exchange, pursuant to the exercise of
options at £1.36 (135,000 Shares), £0.88 (285,000 Shares) and £0.77 (50,000
Shares) respectively. Upon admission the Shares will rank pari passu with the
Company's existing ordinary shares and it is expected that dealings will
commence on 28 August 2003.


Certain of the options relate to Mr M Collini, director of the Company, who has
exercised options and sold Shares as follows:

Director  Options   Exercise  Resultant     Shares  Price  Resultant  % enlarged
        exercised   price    optionholding   sold*   (£)   notifiable     issued 
                     (£)                                 shareholding      share  
                                                                         capital

M Collini  285,000   0.88     300,000      200,000  2.52      195,000       0.46



* conditional upon Admission


END






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