Brand Architek. Regulatory News (BAR)

The following amendment has been made to the 'Long Term Incentive Plan'

announcement released on Wednesday 8 December 2010 at 14.56 under RNS No 6143X.

The award is linked to post tax earnings not pre tax earnings as previously announced.

All other details remain unchanged.

The full amended text is shown below.

Swallowfield plc

Long Term Incentive Plan

Swallowfield plc ("the Company") announced on 8 March 2010, the introduction of a new long term incentive plan, the Swallowfield plc 2009 Long Term Incentive Plan ("LTIP") to incentivise its senior management team to maximise shareholder value.

The Company announces that it has made further awards pursuant to the LTIP of 58,983; 27,331; and 27,331 shares to Ian Mackinnon, Mark Warren and Jane Fletcher (directors of the Company) respectively. The Remuneration Committee has determined that the vesting of these awards should be linked to, and be conditional upon, the compound growth in the Company's post tax earnings per share over a three year cycle measured by reference to the last full year audited results, which for the purpose of this award be those for the year ended 30 June 2010. The minimum hurdle, below which no awards will vest, equates to 15% annual growth (excluding inflation) at which level 25% of the awards will vest. The maximum award equates to 25% annual growth (excluding inflation) with the percentage of awards vesting being pro-rated between these levels. Upon vesting, half of each award will be made in shares, which the recipient will be required to hold for 12 months, and the balance in cash.

Following the grant of the awards, the aforementioned directors have the following interests in the Company's share capital:

Enquiries: