AFR.L Regulatory News (AFR)

1 Jun 2006 14:29

Afren PLC01 June 2006 Regulatory Press ReleaseAfren PLC1 June 2006 Afren plc ('Afren' or 'the Company') Award of Share Options under the Company's 2005 Unapproved Share Option Plan The Company announces that on 30 May 2006 the Board of Directors approved thefollowing conditional share option awards under the Afren plc 2005 UnapprovedShare Option Plan. Director Number of Share Options Total Number of Awarded 30 May 2006 Directors Options Brian O'Cathain 600,000 6,853,152Osman Shahenshah 600,000 3,150,000Egbert Imomoh 600,000 2,000,000 The exercise price for all awards was the closing price on the date of grant,which was 63p per ordinary share. The awards granted are subject to performancecriteria and will vest over a three year period. Enquiries Osman ShahenshahChief Financial Officer and Company SecretaryAfren plc + 44 20 7182 1800 This information is provided by RNS The company news service from the London Stock Exchange