RNS Number:6533N
Entertainment Rights PLC
17 July 2003

17 July 2003


ENTERTAINMENT RIGHTS PLC


Grant of Options


On 16 July 2003, Entertainment Rights plc (the "Company") granted the following
options under the Company's Unapproved Share Option scheme representing 0.79 per
cent. of the Ordinary Shares currently in issue,  to the following directors:


Director              Number of Ordinary Shares over   Total number of Ordinary Shares over which options
                      which options granted            held following this notification
Mike Heap             780,659                          5,382,857
Craig Hemmings        240,000                          1,840,000
Jane Smith            1,040,000                        3,640,000



The exercise price of the new options detailed above is 8.05p being the average
of the closing price of the Ordinary Shares over the 5 business days preceding
the date of grant. The options are exercisable from 16 July 2006 to 15 July
2013, subject to the achievement of the following performance criteria:


1/3 of the Ordinary Shares under option if the average annual
 percentage increase in the Company's earnings per share over the 3 financial
 years following the date of grant is at least equal to the average annual
 percentage growth in the Retail Price Index plus 3 per cent;



1/3 of the Ordinary Shares under option if the average annual
 percentage increase in the Company's earnings per share over the 3 financial
 years following the date of grant is at least equal to the average annual
 percentage growth in the Retail Price Index plus 6 per cent; and



1/3 of the Ordinary Shares under option if the average annual
 percentage increase in the Company's earnings per share over the 3 financial
 years following the date of grant is at least equal to the average annual
 percentage growth in the Retail Price Index plus 9 per cent.



On the same day the Company was notified that certain existing, non-vested (due
to the Trigger Prices not being attained) options over ordinary shares of 5p
each in the capital of the Company ("Ordinary Shares"), granted by individual
deeds to certain directors of the Company and representing 0.98 per cent. of the
Ordinary Shares currently in issue, were surrendered as follows:



Director              Number of Ordinary Shares over       Exercise price          Trigger Price
                      which options surrendered
Mike Heap             975,824                              13.8p                   85p to 100p
Craig Hemmings        300,000                              25.0p                   110p to 130p
Jane Smith            300,000                              25.0p                   110p to 130p
Jane Smith            1,000,000                            23.0p                   40p to 160p



For further details please contact:



Julian Paul     Chairman of the Remuneration Committee             020 8762 6200
Paul Ashworth   Group Financial Controller                         020 8762 6200



ENDS


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