ALEA Alea

RNS Number:1659A
Alea Group Holdings(Bermuda) Ltd
25 June 2004


Alea Group Holdings (Bermuda) Limited

Notification of Director's Interests in Shares and other Details

Bermuda (25 June, 2004) - Alea Group Holdings (Bermuda) Limited this morning
announced the appointment of Mark Ricciardelli as an Executive Director and as
Group President and Group Chief Executive Officer of the Company.

Mr. Ricciardelli purchased 164,821 common shares in the Company on 24 March 2004
at #2.51 per share. Pursuant to the Alea Group Executive Option and Stock Plan
the Company has granted Mr. Ricciardelli the following interests in shares in
the Company:

(a)    options to purchase 659,284 common shares granted on 25 March 2004 with
an exercise price per share of #2.495, which was the middle market price per
share at the close of business on 24 March 2004. These options vest as to 20%
over 5 years, the first 20% vesting on 25 March 2005, and must be exercised
within 10 years of the date of grant; and

(b)    70,918 restricted stock units ("RSU's") granted on 22 March 2004. The
RSU's vest as to 25% on 31 December 2005, 25% on 31 December 2007 and 50% on 31
December 2012. Upon vesting one common share will be issued to Mr Ricciardelli
for each vested RSU without further payment.

Mr. Ricciardelli has not held a directorship in another publicly quoted company
in the last 5 years. There is no information in relation to Mr. Ricciardelli
required to be disclosed pursuant to paragraphs 6.F.2 (b) to (g) of the Listing
Rules.

For further information, please contact:

Investors
                      Mark Ricciardelli    Alea                 +44 20 7621 3233
                      Amanda Atkins                             +41 41 767 0402
                      Gabriela Stadler                          +41 41 767 0415

Analysts & Media      Robert Bailhache     Financial Dynamics   +44 20 7269 7200
                      Charles Armitstead




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

END
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