Grant of Share Options under LTIP

Augean plc

("Augean" or the "Company" or the "Group")

Grant of Share Options under Long Term Incentive Plan

Augean, one of the UK's leading specialist waste management businesses, announces that it has, pursuant to the rules of the Company's 2014 Long Term Incentive Plan ("2014 LTIP"), granted share options ("Options") to certain of its directors and employees to subscribe for up to 3,239,894 ordinary shares of 10p each in the capital of the Company ("Ordinary Shares"). Of those Options, 1,519,714 have been granted to the two directors listed below:

All of the 3,239,894 new Options granted have performance conditions attached to them, with a performance period from 1 January 2014 to 31 December 2016 ("the Performance Period") and, to the extent that relevant performance conditions are met, have an exercise price of 10p each.

The performance conditions for the 1,519,714 Options granted to directors of the Company are related to earnings per share of the Company for each of the three years ending 31 December 2014, 2015 and 2016 and total shareholder return (comprising both the change in share price and cumulative dividends) relative to the constituents of the FTSE AIM All-Share Index from the start of the Performance Period.

The performance conditions for the 1,720,180 Options granted to certain other employees of the company are related to the Company's earnings per share and EBITDA (earnings before interest, taxation, depreciation and amortisation) for each of the three years ending 31 December 2014, 2015 and 2016.

In addition for all of the 3,239,894 Options, a minimum return on capital employed hurdle must be met before any options can vest.

Following the above grant there are 6,720,181 options over Ordinary Shares. This represents 6.74% of the current issued share capital of the Company, which comprises 99,699,414 Ordinary Shares.

For further information, call: