Rose Petroleum plc

Grant of options


Details of Option Grants made today to directors, employees and contractors.

The Company has today granted options over ordinary shares of 0.1p in the Company ("Ordinary Shares") under the Company's share option schemes ("Options").   A total of 43,500,000 Options have been granted to certain directors, employees and contractors as set out below:
Name of Director / employee  Number of Options granted  Exercise price per Option Total number of options now held
Matthew Idiens, CEO  20,000,000  3.425p  41,800,000
Kris Hefton, COO  10,000,000  3.425p  16,000,000
Other employees and contractors  13,500,000  3.425p  n/a
Each Option is exercisable into one ordinary share of 0.1p each in the Company and can be exercised as to a third after one year, a third after two years and a third after three years up until 9 October 2024.

The new Options granted today represent approximately 3.33% of the Company's current issued share capital and there are now a total of 181,700,000 options over Ordinary Shares outstanding, representing approximately 13.91% of the Company's current issued share capital.