10GW Refcorp

RNS No 6492h
FORTH PORTS PLC
21st October 1998


Forth Ports PLC ("the Company")
Executive Share Option Scheme
Grant of Options

The Executive Directors of Forth Ports PLC were granted share options over
ordinary shares of 50p in the capital of the Company pursuant to the Forth Ports
PLC Executive Share Option Scheme on 19th October 1998 as follows:

          Alistair Fleming    100,000 shares
          W W Murray           30,000 shares
          A C Morrison         30,000 shares
          T P Smith            30,000 shares
          C G Hammond          30,000 shares

The option exercise price is 494p per share.  The first #30,000 of the options
are approved.  The balance of the options are subject to an amendment of the
Scheme Rules being duly approved by the Inland Revenue.

The grant of the options are also subject to meeting the following performance
criteria, namely; that the cumulative growth (expressed as a percentage) in
normalised earnings per share over any period of three continuous financial
years commencing not earlier than the end of the financial year ending 
31 December 1997, calculated on a consistent basis, exceeds the cumulative
growth (expressed as a percentage) in the UK Retail Prices Index by an average
of at least 3% per year over such period.

The options may be exercised at any time after 20th October 2001.

The foregoing options are the only options held by the executive directors
following this notification.

END

RDAALLIDIILLFAT

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