Notification of Awards under the Manganese Bronze Long-Term Incentive Plan 2011 20th January 2012

Manganese Bronze Holdings PLC announces the grant on 18 January 2012 of a conditional right (an 'Award') of 150,000 ordinary shares in the Company of 25p pence each ('Shares') to Peter Johansen, Group Finance Director, under the Company's Long-Term Incentive Plan 2011 (the 'LTIP').

Full details of the Award will be available in the Annual Report and Accounts for the year ended 31 December 2011.

Notes:

  1. The Award will ordinarily vest (and Shares released at such time) on the 1st of May 2016, but only to the extent that certain performance criteria based on the Company's share price and total shareholder return performance are satisfied during the vesting period and ordinarily subject to continued employment.

  2. No consideration is payable on the grant of the Award;

  3. The Company has 30,469,927 Ordinary Shares of 25p each in issue;

  4. There are no shares held in treasury so the total voting rights in the Company is therefore 30,469,927;

  5. The Company now has a total of 1,000,000 awards outstanding under the LTIP, representing 3.28% of the issued Ordinary Share Capital; and

  6. The notification of this Award is intended to satisfy the Company's obligations under the AIM rules.
For further information, please contact:

Manganese Bronze Holdings PLC
John Russell, Group Chief Executive Tel: +44 (0) 24 7657 2108
FTI Consulting
Nick Hasell/Sophie Moate Tel: +44 (0) 20 7269 7291
Grant Thornton UK LLP
Philip Secrett/Melanie Frean Tel: +44 (0) 20 7383 5100
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