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Grant of Share Options

21st Sep 2006 16:08

themutual.netGrant of Share OptionsThemutual.net ("TMN"), the UK's leading online direct marketing specialist,announces that the Board yesterday resolved to grant options over 1,000,000 newOrdinary Shares of 0.01 pence each to Mark Smith, CEO. The options areexercisable at a price of 65 pence per share vesting in 6 monthly instalmentscommencing 6 October 2007 until 6 April 2010.Currently Mr Smith has options over 800,000 Ordinary Shares of 0.01 penceexercisable at a price of 19.5 pence per share. 466,667 have already vested and333,333 will vest in two equal instalments on 6 October 2006 and 6 April 2007.ENDENDthemutual.net PLC

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