Sarantel A Regulatory News (SLG)

7 July 2011

Sarantel Group PLC 

("the Company" or "the Group" or "Sarantel")

Grant of share options

Sarantel announces that on 6 July 2011, options over 47,017,168 A Ordinary 0.1p shares in the Company ("A Shares") were granted to directors of the Company as set out below:

The options have been granted under the Company's Unapproved Share Option Scheme and EMI Share Option Scheme. The share options for Geoff Shingles may be exercised as to 50% immediately and 50% following the achievement by the Group of a performance target based on EBITDA. The share options for the remaining directors generally vest as to one third after twelve months, a further third after two years and the final third after three years from grant provided that in all cases, a performance target based on EBITDA must be satisfied before options may be exercised. All the share options shall expire after ten years from grant.

On the same date, the Remuneration Committee reviewed the existing share options held by Geoff Shingles, David Wither and Oliver Leisten, and it believed the fact that a number of these options were exercisable at a price so far above the current mid-market price of one A Share acted as a disincentive (the exercise price being 2.59 pence each). These share options were consequently cancelled.

Following these grants and the cancellations referred to above, the directors' option and contingent rights holdings will be:

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About Sarantel www.sarantel.com

Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets.