Smart Identity PLC
LSE : SIDP

April 23, 2009 07:37 ET

Option Agreement

                                                                                              23/04/09
                                                   
                                          SMART IDENTITY PLC
                                  ("Smart Identity" or "the Company")

                                           Option Agreement

The Company announces today, that the Scott Fletcher's option over 770,000 Ordinary Shares in the
Company has been cancelled following the transfer of Mr. Fletcher's shares as announced on 25 April
2008. The option agreement was granted as part of the Management Incentive Plan 2007 and was disclosed
in the Company's Admission Document dated, 20 September 2007.

As a result of the above and in order to honour its obligations to Mr. Fletcher, the Board has granted
Lowry Investment Capital Limited, option over 770,000 Ordinary Shares at an exercise price of 5p per
share. The option over the shares will lapse on 30 March 2012.

Lowry Investment Capital Limited is wholly owned by The Scott Fletcher 2008 Discretionary Settlement
("the Trust"). The trustees of the Trust are Scott Fletcher and Stephen Fletcher, Scott Fletcher's
father ("the trustees"). The beneficiaries of the Trust are Scott Fletcher's children and their
descendants in the first instance.

The Directors of the issuer accept responsibility for this announcement.


                                               --ENDS--

Enquiries:

SMART IDENTITY PLC                        Tel: 016 1227 1000
Scott Fletcher, Chairman

RIVINGTON STREET CORPORATE FINANCE        Tel: 020 7562 3389
Monisha Varadan          Leo Godsall
Monisha@rs-cf.com        Leo@rs-cf.com

END

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