CMM Commoditrade

RNS Number:8497V
Commoditrade Inc.
01 May 2007

1 May 2007

                                Commoditrade Inc

                       ("Commoditrade" or the "Company")

                   Update re: Current Trading and Discussions

                                Grant of Options



Update re Current Trading and Discussions

The Board is delighted to confirm that trading continues to remain strong and in
line with expectations. The base metals market continues to see good volumes and
high volatility levels.

Further to the announcements of 7 December 2006 and 22 February 2007, active
discussions are continuing with a number of parties which may or may not lead to
an offer for the Company.  The diverse range of parties involved has added time
to the discussions. A further announcement will be made as and when appropriate.

The Board is also pleased to have further secured the services of senior
management and the trading team with the agreement of three year option schemes.

Grant of options

On 30 April 2007 the Company's Remuneration Committee granted options over
45,500,000 ordinary shares of 0.1p each ("Ordinary Share") to certain directors
under an unapproved share option scheme (the "Unapproved Scheme") and to certain
employees and traders under a separate unapproved share option scheme (the "
Traders Unapproved scheme").  The options under these schemes are exercisable
from the third anniversary of the date of grant at par (0.1p per new Ordinary
Share). In the event of a takeover the vesting period is brought forward. One
third of the Traders Options may be exercised on Completion of a takeover with
the balance exercisable over the remainder of the original ten year period.



The following grants of options to Directors were made:

Director                                     Number of options granted

Graham Butt                                        12,500,000
Chris Adams                                         7,500,000



-ends-


www.commoditrade.net


Enquiries:

John Bick             tel: +44 (0)7917 649362


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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