Option Arrangements

Wilmington Group Plc 28 February 2002 28 February 2002 Wilmington Group plc Wilmington Group plc ('Wilmington' or the 'Company') announces some variations to the terms of a grant of existing options, as well as the terms of an additional grant of new options, over shares currently held by three directors of the Company. On 23 December 1999, it was announced that, in order to provide incentives based on shareholder value to senior managers with key business performance and development roles, Brian Gilbert, Rory Conwell and Ahmed Zahedieh, executive directors of the Company ('the Donating Directors'), granted options over 489,493 ordinary shares held personally by them in the Company to Neil Smith and Lee Newton. The terms of the options were broadly similar to those of the Wilmington Group plc 1995 Unapproved Share Option Scheme. In light of current difficult market conditions, the Donating Directors consider it appropriate to relax certain of the terms of the options over the 489,493 ordinary shares. As a result, the exercise price of all the options granted to Neil Smith and Lee Newton at 358.17p and 356.5p respectively has now been reduced to 146.5p. In addition, the performance criteria to which the exercise of options were subject have now been removed. The options remain exercisable from 23 December 2002 for four years but some may be exercised earlier in certain special circumstances. In addition to the above variations of existing options, the Donating Directors have made an additional grant of new options to Colin Bailey-Wood, a senior manager, over a total of 100,000 ordinary shares currently held by them. These options have an exercise price of 146.5p and are exercisable between 18 December 2004 and 18 December 2008. There are no performance criteria. As a result of the above variations, the details of the option grants by the Donating Directors are as follows: Brian Gilbert Rory Conwell Ahmed Zahedieh Number of ordinary shares over 336,855 168,425 84,213 which options granted Such number as a percentage of 0.41% 0.21% 0.10% the ordinary issued share capital Total number of shares in which 8,459,907 4,509,356 2,348,805 director is interested (including shares subject to option) Such number as a percentage of 10.41% 5.55% 2.89% ordinary issued share capital ENDS This information is provided by RNS The company news service from the London Stock Exchange