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10 January 2000
The Trustees of Countryside Properties Plc Employee Trust have made on the 11 January 2000 the following awards to Directors of Countryside Properties Plc under the Countryside Properties Partnership Plan:-
| Alan H Cherry | 106,774 shares |
| Graham S Cherry | 106,774 shares |
| Richard S Cherry | 106,774 shares |
| Michael F Pearce | 40,966 shares |
| Trisha Gupta | 25,768 shares |
The deferred bonus Plan promotes superior personal performance and provides a longer-term incentive based on growth in the Company's share price before the shares are distributed.
These shares become available to the Directors not earlier than three years from the date of award.
In addition, the following options were granted on 21 December 1999 at an exercise price of 140p. per share under the 1997 Executive Share Option Scheme.
| Graham S Cherry | 68,000 |
| Richard S Cherry | 68,000 |
| Trisha Gupta | 50,000 |
Each option is subject to a performance condition based on the Company's total shareholder return over a three-year period.
The following transactions have been conducted in respect of which Michael Pearce, Director, has an interest:-
Sale of 259,573 Ordinary shares on 10 January 2000 @ 133p per share
Options exercised on 11 January 2000:
56,578 Ordinary shares @ 75.96p per share
202,995 Ordinary shares @ 82.56p per share
As a result, the beneficial interests of Mr Pearce in the issued share capital of the Company remain unchanged.
12 January 2000
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Information correct as at 10/01/2000