Grant of Options

VPhase plc

("VPhase" or the "Group")

Grant of options

VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties announces that it has on 19 March 2012 granted options over 15,000,000 ordinary shares of 0.25 pence each (comprising 1.18 per cent of the entire issued share capital) to its Chief Executive Officer Rick Smith at an exercise price of 0.8 pence per share. The closing price on 19 March 2012 was 0.775 pence per share. The options are not capable of exercise unless specific short term performance criteria are met in the period following the grant of the options. The options can be exercised one third on reaching breakeven, one third on achieving £100 million market capitalisation and one third on reaching £300 million market capitalisation.

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