RNS Number:7799K
Equity Special Situations Limited
20 October 2006


                       Equity Special Situations Limited

                             Grant of share options


On 19 October 2006, Equity Special Situations Limited ("the Company") granted
options to members of its Advisory Panel over a total of 105,000 Ordinary Shares
under the terms of the Company's Share Option Scheme. The options are
exercisable at 175 pence per Ordinary Share between 19 April 2007 and 19 October
2016. The options were granted to the following members of the Advisory Panel:

                                        Share options granted on 19 October 2006

David Pinckney                                                            25,000

Kenneth West                                                              20,000

Jonathan Freeman                                                          20,000

Jan Geertman                                                              20,000

Matthew Wood                                                              20,000


For further information, please contact:


Peter Griffin, Director                                Tel: +44 (0) 1481 751 000


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

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