CLL.L Regulatory News (CLL)

1 May 2007 16:13

Cello Group plc01 May 2007 Cello Group plc ("Cello" or the "Company") Share Option Grants The Company announces today that on 1st May, under the Cello Group PerformanceShare Plan ("PSP") 10 senior employees were granted matching awards of optionsentitling them to acquire a total of 56,845 ordinary shares of 10 pence each("Ordinary Share") at an exercise price of 10 pence per Ordinary Share as aresult of their having elected to receive an equal number of Cello shares inlieu of a proportion of their cash bonuses, net of tax and national insurance.These options will normally be exercisable from 1st May 2011 subject tocontinued employment and ownership of the shares so acquired and the extent towhich performance conditions have been met. 1 May 2007 Enquiries: Cello Group plc Mark Bentley, Group Finance Director 020 7812 8463 This information is provided by RNS The company news service from the London Stock Exchange