Osborne & Little PLC
1 March 2002

                      OSBORNE & LITTLE PLC (the 'Company')

                              Exercise of options


Osborne & Little plc has applied for 3,000 ordinary shares of 5p each to be
admitted to trading on AIM following the valid exercise of options granted under
the Company's Executive Share Option Scheme.


These new Ordinary Shares have been allotted and will rank pari passu in all
respects with the existing Ordinary Shares. Admission is expected to become
effective at 8.00 a.m. on 7 March 2002.


1 March 2002



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