Toumaz Ld : Employee Long Term Incentive Plan (“LTIP”)

28/01/15 Toumaz Employee Long Term Incentive Plan ("LTIP") Share options 30th January 2015

Toumaz Limited (AIM: TMZ) announces that on 30th January 2015, the Company's Employee Benefit Trust, together with participating employees and directors of the Company, will jointly subscribe for 24,865,103 new ordinary shares of 0.25p each in the capital of the Company ("Ordinary Shares") at a price of 0.25p per Ordinary Share ("JSOP Shares"). The Company also announces that on that same date the Company will grant options over 5,556,495 Ordinary Shares under the Toumaz Limited 2012 Unapproved Share Option Scheme to employees of the Company and Non-Executive Director, Prof Christofer Toumazou.

The following Directors of the Company have been granted awards under the 2013 Joint Share Option Plan or 2012 Unapproved Share Option Scheme:

Name and title of Director	Allocation of shares jointly held in the JSOP	Total interest in JSOP Shares following the award	Number of options granted	Total options granted following the award
Anthony Sethill, Chief Executive Officer	7,200,000	25,000,000	-	-
Jonathan Apps, Chief Financial Officer	6,000,000	15,000,000	-	-
Christofer Toumazou, Non-Executive Director	-	6,000,000	2,000,000	12,305,835

Application has been made for the 24,865,103 JSOP Shares to be admitted to trading on AIM expected to be effective on 30th January 2015. 

Vesting of the JSOP and unapproved award issued to Directors are subject to the following performance criteria. All of the award will be subject to the share price attaining an average closing mid-market price of 15p for 90 days by 30th January 2020.  This vesting will neither be triggered before 30th January 2018 nor after 30th January 2020.

Total Voting Rights and Share Capital

Following the admission of the JSOP Shares, Toumaz will have a total issued share capital of 1,702,731,503 Ordinary Shares.

There are 105,347,854 Ordinary Shares held jointly by the Employee Benefit Trust and participants for the purposes of the Company's joint share ownership plan in relation to which all voting rights have been waived.

Therefore the total number of 1,597,383,649 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

For Further Enquiries:

Toumaz Limited	[phone]
Anthony Sethill, Chief Executive Officer
Jonathan Apps, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)
Richard Kauffer/Daniel Harris	[phone]
Instinctif Partners	[phone]
Adrian Duffield/Chantal Woolcock