RNS Number:2587I
Firestone Diamonds PLC
9 August 2001

Firestone Diamonds plc ("the Company")

8 August, 2001

On 8 August, 2001, a total of 2,260,000 options to purchase Ordinary Shares of
20p each in the Company were granted to Directors of the Company in accordance
with the Company's Performance Related Share Option Incentive Scheme. The
options are exercisable at a price of #0.70 per share, and exercise is
conditional on share price performance targets being met, as follows:

  * For the first 50% of the options granted to each director, the average
    mid market closing price of the company's shares over a 30 day period
    following the date of grant must be 40% higher than the exercise price
  * For the second 50% of the options granted to each director, the average
    mid market closing price of the company's shares over a 30 day period
    following the date of grant must be 60% higher than the exercise price

Subject to the above conditions, the options are exercisable for a period from
one to ten years from the date of grant.

Performance Related Options were granted to Directors as follows:

JF Kenny - 550,000

P Kenny - 730,000

H Jenner-Clarke - 730,000

J Kenny - 250,000
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