Following the completion of the Proposals, the Directors have been granted replacement units in the Clerkenwell Ventures plc 2007 Long Term Incentive Plan ("LTIP"). In accordance with the rules of the LTIP, the market price, hurdle price and measurement dates have been re-set, although the number of units outstanding for each remains the same. At the same time a further 450 units in the LTIP has been granted to an employee of the Company. The total number of LTIP units outstanding remains the same at 6,450 units.
In addition to the above, following completion of the Proposals, all share options under the Clerkenwell Ventures PLC 2007 Share Option Plan ("2007 Option Plan") have been adjusted to reflect the Return of Capital and the Consolidation.
Following the above adjustments, the interests of the Directors under the Company's share based payments schemes are as follows:
| LTIP | Outstanding Units |
| David Page | 3,000 |
| Paul Campbell | 3,000 |
| 2007 Option Plan | Outstanding options |
| David Page | 309,064 at 54p |
| Paul Campbell | 309,064 at 54p |
All capitalised terms in this announcement have the meanings set out in the Company's Circular dated 9 January 2009.