Grant of share options

RNS Number:2539W
QuikTrak Networks PLC
08 March 2004

                             QuikTrak Networks plc



                             Grant of share options



QuikTrak has granted options to subscribe for 4,800,000 new ordinary shares ata
price of 25p per share to directors and employees of the Company. The options
are exercisable, subject to the London Stock Exchange's rules on dealings by
directors, at any time during the next five years. Options previously granted to
directors and employees have been cancelled.



The interests of the directors in the issued share capital of the Company are as
follows:


Name                            Holding of ordinary  Per cent. of issued share     Options over ordinary
         shares                    capital                    shares


Chrisilios Kyriakou                      10,154,056                      17.0%                 3,000,000
John Scott                                  331,667                       0.6%                   150,000
Charles de Chezelles                        333,333                       0.6%                   150,000
Brian Parritt                               216,218                       0.4%         150,000



Note: Mr Kyriakou's holding is 25,000 shares less than previously announced as a
result of a late adjustment to the allotment of shares in the placing announced
on 29 January 2004.



8 March 2004



For further information:



Chris Kyriakou/Annie Richards

QuikTrak Networks plc

0870 010 6044



James Chandler

Beattie Financial

020 7398 3308




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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