Option Grant

Snoozebox Holdings plc

("Snoozebox")

Creation of Unapproved Senior Management Share Option Plan and grant of options

The Board of Snoozebox Holdings plc announces the adoption of an Unapproved Senior Management Share Option Plan ("SMSOP") and an initial grant of options over new ordinary shares of 1p each in Snoozebox.

The total number of options granted on 20 July 2012, with an exercise price of 53.5p, was 2,375,000.

Of this, the number granted to the Executive Directors was as follows:

Robert Breare 1,500,000 shares

Chris Upton 750,000 shares

The options may not be exercised before 20 July 2014. Of the options granted, half may be exercised in any event and half may be exercised only if the Company's share price for the 20 days preceding the date of exercise was an average of not less than 80p. If not previously exercised the options will lapse on 20 July 2017.

The total number of options outstanding, including those granted under the Company's approved Share Option Plan ("CSOP") is 2,967,353, which represents approximately 5.8% of the ordinary issued share capital of the Snoozebox.

20 July 2012

For further information, please contact: