VHE Holdings PLC
24 January 2001
VHE HOLDINGS PLC
Notification of Directors' Interest
The Company granted the following options over 10p ordinary shares in the
Company on 22 January 2001.
Director Granted Shares under options following grant
Mr P Underwood 40,000 403,000
Mr B Dawes 30,000 81,000
The latest options were granted under the Long Term Incentive Plan for no
consideration and are exercisable at 10p per share after the release of the
Company's results for 31 March 2004. The options will only become exercisable
if the annual average of the Company's reported pre-tax profits for the thirty
six months ended 31 March 2004 exceeds £1.2 million.