LDR Landround

RNS Number:3436F
Landround Plc
08 October 2007



5 October 2007


                 LANDROUND PLC - DIRECTORS INTERESTS IN SHARES

The Remuneration Committee of the Board of Landround plc have elected to
restructure the share option awards in place for the senior management of the
business in order to provide appropriate incentives which more closely align the
interests of the management team with those of shareholders.

Options previously granted to Colin Gibson, Anthony Pope, Franco Sessini and
David Owen all included an exercise price of 40 pence (115 pence in the case of
David Owen) and exercise conditions that were linked to EPS growth.

These options have been replaced with an equivalent number of new options which
have an exercise price of 20 pence but which will vest in the holder only on the
following basis:

  * The first third of the total options awarded will vest provided that the
    Landround plc share price has exceeded 30 pence for a period of at least 20
    consecutive business days.
  * The next third will vest provided that the Landround plc share price has
    exceeded 40 pence for a period of at least 20 consecutive business days; and
  * The final third will vest provided that the Landround plc share price
    has exceeded 50 pence for a period of at least 20 consecutive business days.

The Committee, which for these purposes excluded David Owen due to the potential
conflict of interest, believes that this new structure for options provides
realistic incentives linked to share price performance in a way which ensures
that management are only rewarded if shareholders are seeing good returns.

Details of the options issued are as follows:

Director                 No. of options cancelled    No. of options granted
Colin Gibson             300,000                     300,000
David Owen               100,000                     100,000
Anthony Pope             175,000                     175,000
Franco Sessini           150,000                     150,000

The options were granted, under the Company's Share Option Plan which has an end 
date of 5 October 2010, for nil  consideration and at an exercise price of 20p 
per Ordinary Share.

                                     -end-

For further information please contact:

David Owen, Chairman Landround plc  Telephone:      01594 516096
                                    Mobile:         07976 723276
Tessa Smith, Daniel Stewart         Telephone:      020 7776 6550



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