Eagle Eye Telematics - Issue of Equity

RNS Number:5397H

Eagle Eye Telematics PLC

12 November 2007

Eagle Eye Telematics plc

Issue of options

Eagle Eye Telematics plc ('Eagle Eye' or the 'Company'), the provider of

integrated telematics technologies, solutions and consulting services to the

fleet and risk management markets, announces the issue of options to subscribe

for a total of 12,000,000 ordinary shares of 0.1p each in the capital of the

Company ('Ordinary Shares') to Brian Egerton, director of the Company's trading

subsidiary, Eagle-i Telematics Limited, as follows:

i) an option to subscribe for 1,069,714 Ordinary Shares under the Eagle Eye

Telematics plc Enterprise Management Incentive Scheme, exercisable at a price of

1.75 pence per share at any time before 1st March 2017, and subject to the

satisfaction of certain performance conditions; and

ii) an option to subscribe for 10,930,286 Ordinary Shares under an unapproved

option scheme, exercisable at a price of 1.75 pence per share at any time before

1st March 2014, and subject to the satisfaction of certain performance

conditions.

If these options were exercised in full, and assuming no other Ordinary Shares

are issued by the Company, Brian Egerton would hold 12,000,000 Ordinary Shares,

representing 6.08 per cent of the enlarged share capital of the Company.

The purpose of the issue of options is to replace existing options granted to

Brian Egerton, the exercise prices of which are substantially above the

Company's current share price. These existing options have been cancelled.

For further information please contact:

Rodney Graves (Eagle Eye Telematics) Tel: 01928 795400

David Youngman (WH Ireland Limited) Tel: 0161 832 2174

This information is provided by RNS

The company news service from the London Stock Exchange

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