Ipplus Regulatory News (IPP)

2 July 2012

 IPPlus plc

 Grant of Performance Related Options

IPPLUS PLC (the "Company") announces that on 29 June 2012 the Company granted performance related options over a total of 634,424 Ordinary Shares (the "2011-2014 Awards") in accordance with the recommendations of the Company's Remuneration committee.

The 2011-2014 Awards relate to a performance period beginning on 1 July 2011 and ending on 30 June 2014 (the "Performance Period") and, assuming certain performance targets are met, will ordinarily vest on 13 September 2014 (or such later date as the Company publishes its annual results for the year ending 30 June 2014).

The exercise of options granted under the 2011-2014 Awards are subject to the Group's consolidated profit for the financial year ending 30 June 2014 reaching certain specified figures. The Exercise Price for the options granted under the 2011-2014 Awards is 1p per Ordinary Share.

These arrangements have been designed to align management and employee interests with those of IPPlus PLC shareholders in the pursuit of superior returns across the business cycle.

As part of the 2011-2014 Awards, options were granted to the following Executive Directors.

The 2011-2014 Awards are subject to the achievement of performance conditions as specified by the Remuneration Committee and are subject to claw back provisions in certain circumstances.

Following the 2011-2014 Awards:

William Catchpole is interested in 2,369,979 Ordinary Shares representing 7.47 per cent. of the total issued share capital of the Company. William Catchpole also holds 1,101,508 options over Ordinary Shares as follows:

R. Stuart Gordon is interested in 834,455 Ordinary Shares representing 2.63 per cent. of the total issued share capital of the Company. R. Stuart Gordon also holds 1,101,508 options over Ordinary Shares as follows:

Geoff Forsyth is interested in 892,657 Ordinary Shares representing 2.81 per cent. of the total issued share capital of the Company. Geoff Forsyth also holds 1,101,508 options over Ordinary Shares as follows:

* - The options expiring on 12 September 2012 can only be realised on the following formula between three and ten years from their grant:

For further details, please contact: