RNS Number:1312K
Abraxus Investments PLC
16 April 2003

                    Abraxus Investments Plc ('the Company')

                  Directors Options to acquire Ordinary Shares



The Company announces that it has issued the following options to acquire
Ordinary Shares at 9.6 pence per share to the directors as follows:
Director                                                              Options
Phil Edmonds                                                          471,986
Douglas Blausten                                                      471,986
Simon Blausten                                                        471,986
John Anthony                                                          471,986

These options are exercisable anytime up to the 10th anniversary of grant.



                                      ENDS

Issued on behalf of Abraxus Investments Plc, 25 Gilbert Street, Grosvenor
Square, London W1Y 2EJ, by St Brides Media & Finance Ltd, 46 Bedford Row, London
WC1R 4RL.



Contacts:
Phil Edmonds                        Abraxus Investments plc                                   020 7224 2522
John Depasquale                     Seymour Pierce Limited                                    020 7648 8700
Hugo de Salis                       St Brides Media & Finance                                 020 7242 4477



                      This information is provided by RNS
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