RNS Number:6755O
Statpro Group PLC
14 August 2003


StatPro Group plc (the "Company" or "StatPro")


Grant of options


The remuneration committee of the Company has decided to grant new executive
share options to Carl Bacon (Executive Chairman) and Andrew Fabian (Finance
Director).


The current interest in executive share options of these directors is as
follows:

                                          No of shares                  Exercise
                                          under option                  price(s)

Carl Bacon                                   312,500*                       80p

Andrew Fabian                                337,931*              60p** - 87p


*    in addition each holds options over 24,816 shares through the Company's
save-as-you-earn share option scheme ("SAYE Scheme").

**   not exercisable unless the share price exceeds 90p


These share options and awards were made at a time when conditions in the sector
were significantly different. These options are no longer serving the incentive
function for which they were intended despite the Company having evolved
substantially from the Company that floated in May 2000. The remuneration
committee has carefully considered the balance of shareholders interests and has
maintained the limit of 5,000,000 options approved by shareholders at the 2001
Annual General Meeting. The remuneration committee has also established an
exercise price of 60p and the Company has not granted any options post-flotation
below this price, despite the market price having been substantially below this
level.


The exercise price of 60p represents a premium of 53 per cent to the middle
market closing share price of 39.25p on 13 August 2003, the date immediately
prior to this announcement.


The remuneration committee has agreed that these existing executive options over
shares held by these directors be cancelled and new options be granted under the
Proposed Scheme as follows:

                                       No of shares              Exercise price
                                       under option

Carl Bacon                                425,000                           60p

Andrew Fabian                             650,000                           60p


The options become exercisable in three tranches, 25 per cent after 12 months
from grant, a further 25 per cent after 24 months from grant and the balance
after 36 months from grant. All options would have to be exercised by the
seventh anniversary of the date of grant. In respect of both the first and
second tranches, the middle market closing price of StatPro shares would need to
have equalled the exercise price for at least 20 consecutive business days in
the 12 months prior to their exercise date, otherwise the options become
exercisable after 36 months.

Contact

Charles Fairbairn                                    Telephone: 020  8410 9876
Chairman of remuneration committee







                      This information is provided by RNS
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