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FFASTFILL PLC - 19th May, 2003
New Directors & Changes to Non Executive Director's Remuneration & Share Options

FFastFill plc announces new directors and changes to non executive director’s remuneration and share options. The company is pleased to announce the appointment today of three new board members to expand the experience and knowledge of the board.

Mr James Elliot Oliff, age 54, is currently Chairman and CEO of FFastTrade US LLC (a FFastFill subsidiary) and is also Deputy Chairman of the CME. Jim brings to the board extensive knowledge of derivatives and an exceptional reputation both in Chicago and global derivatives markets. Mr Oliff was granted options over 500,000 shares at an exercise price of 4p in 2002 and was issued, on 1st April 2003, 1,066,667 options at 1p in exchange for sacrificing salary of $50,000 for the year 2003/4. His annual basic salary is $100,000 and he is entitled to participate in a management bonus scheme.

Mr Hugh Llewellyn Hughes, age 51, who is CEO of Thales Information Systems (Finance) and has worked extensively in the City over 20 years, brings to the board a breadth of business knowledge of the financial markets. . Mr Hughes will be paid a directors fee of £10,000 per annum.

Mr David Alan Hurst-Brown, age 53, who was previously with UBS Warburg in a number of corporate finance positions, brings to the board an astute understanding of the corporate finance markets and extensive technology business understanding. Mr Hurst-Brown will receive a director’s fee of £15,000 per annum starting on the 17th June 2003 and will receive options over 100,000 shares at 4p and options over a further 150,000 shares at 7p. These options will vest over two years at six monthly intervals. In addition he has committed to invest £25,000 in the placing announced today.

The board will now have four non executive members and three executive members. We are also amending the Board’s remuneration in line with market rates.

Mr Nigel McCorkell is Deputy Chairman and the senior independent non-executive, he is also chairman of the remuneration and audit committees. At the time he took up the role, when the executive chairman was appointed, it was agreed to review his compensation package in light of the additional responsibilities. Mr McCorkell’s remuneration remains unchanged at £15,000 and he has been granted options over 100,000 shares at an exercise price of 4p and options over a further 150,000 shares at an exercise price of 7p. The options will vest over 2 years at six monthly intervals. He has voluntarily cancelled his existing warrants over 27,500 shares priced at 55p. He has committed to invest £5,000 in the placing announced today.

Mr James Rankin is a member of the remuneration and audit committees. Mr Rankin’s annual remuneration has reduced to £10,000, and he has been granted options over 100,000 shares at an exercise price of 4p. The options will vest over 2 years at six monthly intervals. He has agreed to invest £3,000 in the placing announced today.

Mr Todd, Executive Chairman and Mr Hartnell, Corporate Development Director continue on the board as executive directors.

Directorships and partnerships held over previous five years.

James Oliff
Current: Chicago Mercantile Exchange Holdings Inc.
Chicago Mercantile Exchange Inc.
FFastTrade U.S., LLC
FILO Corp.
OneChicago, LLC
Previous: LST Commodities LLC

David Hurst-Brown
Current: Smart Approach Group Ltd
Imagination Technologies plc
The Tante Marie School of Cookery Ltd
Keydata Uk Ltd
Grove Publishing Ltd
Previous: Azlan Group plc

Hugh Hughes
Current: Thales Information Systems Finance Ltd
Previous: SG Securities
ITG Europe

There are no other matters which require disclosure.

For further information, please contact:
FFastFill plc - Tel: (020) 7665 8900
Keith Todd, Executive Chairman

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