Cessation of the Management Incentive Plan

Cessation of the Management Incentive Plan

On 9 July 2007, the board of 2ergo Group plc ("2ergo") announced that it had created a new share-based management incentive plan (the "Plan") under which 2.2m ordinary shares of 1p each in the capital of 2ergo were to be made available by the founders and Joint Chief Executives of 2ergo, Barry Sharples and Neale Graham, from their own personal shareholdings for the benefit of certain other senior management ("Incentive Shares").The board of 2ergo confirms that the Plan reached the end of its three year life in July 2010 and has now terminated in accordance with its terms without title to any Incentive Shares having changed hands and that, accordingly, Barry Sharples and Neale Graham continue to hold the legal and beneficial interest in all of the Incentive Shares.

Accordingly, the total legal and beneficial holdings of Barry Sharples, Neale Graham and Jill Collighan in 2ergo ordinary shares are as follows:

Barry Sharples: 5,233,822 ordinary shares

Neale Graham: 5,233,822 ordinary shares

Jill Collighan: 99,116 ordinary shares

The Board are currently investigating appropriate arrangements to ensure the full incentivisation of the management team going forward.

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