RNS Number:8558I
London Bridge Software Holdings PLC
18 March 2003

London Bridge Software Holdings plc


18 March 2003


Grant of Share Option

London Bridge Software Holdings plc ("London Bridge" or the "Company") announces
that on 14 March 2003 it granted an option over 750,000 ordinary shares in the
Company to Gordon Crawford, Chairman of London Bridge, under the London Bridge
Software Holdings plc Unapproved Discretionary Share Option Scheme 1997 (the
"Option"). The exercise price for the Option is 33 pence per share. The Option
will vest on 1 January 2006 providing the performance criteria are met. In order
to meet the performance criteria attaching to this option, the Company's
cumulative profit before tax and amortisation of goodwill must reach at least
#20m for the three years ending 31 December 2005.


The Option is subject to a passing of a resolution on a poll of independent
shareholders at the Company's next Annual General Meeting, the date of which
will be announced shortly. In the event that such resolution is not passed, the
Option will lapse.


END


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