TNW Teleset Net

RNS Number:8861Y
Teleset Networks PCL
22 June 2007



               Teleset Networks PCL ("Teleset" or the "Company")



                                Grant of options



Teleset announces that on 25 May 2007 it granted options to the directors of the
Company.  A total of 5,109,550 options have been granted to directors of the
Company as follows:


Name                       Number of     Exercise   Date of Grant      Expiry         Total no of
                            options       Price                                      options held
                            granted
Yiannis Demetriou          2,299,298       21p       25 May 2007     1 May 2012        4,854,073
Philippos Vatiliotis       1,021,910       21p       25 May 2007     1 May 2012        1,021,910
Roman Shaikhutdinov        1,277,387       21p       25 May 2007     1 May 2012        2,810,252
Lidana Bondar               510,955        21p       25 May 2007     1 May 2012        1,532,865



For the new options granted on 25th May 2007, one fifth will vest from the date
of issue and one fifth will vest from each of 1st May 2008, 1st May 2009, 1st
May 2010, 1st May 2011 respectively.  The options can only be exercised
providing the beneficiary remains an employee of the Company.






Teleset Networks PCL                                       +357 22 450790
Yiannis Demetriou

Blue Oar Securities Plc - Nominated Adviser                +44 20 7448 4400
Shane Gallwey

Metropol (UK) Limited - Broker
Alexander Selegenev                                        +44 20 7439 6880

Bankside - PR
Simon Bloomfield                                           +44 20 7367 8861





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

END

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