Issue of Options

12 May 2005 15:37

Minster Pharmaceuticals PLC12 May 2005 Minster Pharmaceuticals plc ("Minster" or the "Company") Issue of options to director On 11 May 2005, the board of directors of Minster, made a grant of share optionsover ordinary shares of 0.1p each in the Company to the following non-executivedirector: Director No. of options Exercise price Exercise period granted (p) John Russell 1,000,000 1.40 11 May 2007 - 11 May 2015 The exercise price of each option is 1.40p per ordinary share, being the closingmid-market price for the Company's ordinary shares on 11 May 2005. Following this grant, Mr Russell holds 1,000,000 options over ordinary shares inthe Company. 12 May 2005 Enquiries: Minster Pharmaceuticals plcJeremy Gorman, Company SecretaryTel: 020 7935 0027 Insinger de BeaufortJeremy KingTel: 020 7190 7000 This information is provided by RNS The company news service from the London Stock Exchange