Grant of Options

RNS Number : 4898U

Proton Power Systems PLC

22 December 2011

Press Release

22 December 2011

Proton Power Systems plc

("Proton Power" or the "Company")

Grant of options

Proton Power (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that it has today granted options over ordinary shares in the capital of the Company, at an exercise price of 3 pence per share, to the following directors of the Company:

Director	No. of options	Resultant options held

Thomas Melczer - Business Development Director	5,000,000	7,500,000
John Wall - Chairman	4,000,000	6,000,000
Achim Loecher - Finance Director	2,300,000	3,450,000
Helmut Gierse - Non-executive director	1,500,000	2,250,000

The options granted are exercisable in the event an offer on a change of control is accepted by the company in accordance with the option scheme rules (paragraphs 22.1 and 22.1.1.).

Save for the above, the directors' beneficial interests remain unchanged and as previously announced.

- Ends -

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