Share price: 112.80p

SHARE OPTION GRANTS

16th May 2007

The Company announces today that on 14th May, under the Cello Group Performance Share Plan (“PSP”) a senior employee was granted a matching award of options entitling her to acquire a total of 1,911 ordinary shares of 10 pence each (“Ordinary Share”) at an exercise price of 10 pence per Ordinary Share as a result of her having elected to receive an equal number of Cello shares in lieu of a proportion of her cash bonus, net of tax and national insurance. These options will normally be exercisable from 14th May 2011 subject to continued employment and ownership of the shares so acquired and the extent to which performance conditions have been met.

Contact Us

Dianna Hillier

Dianna.Hillier@cellohealth.com

Phone 020 7812 8468

Address

Cello Health plc

Queens House

8-9 Queen Street

London

EC4N 1SP

Registered Office

Queens House

8-9 Queen Street

London

EC4N 1SP

Company Registered

in England no.05120150