[29.03.2004]

Directors’ Interest in Shares of the Company

Alphameric announces the approval of the Company’s new share incentive schemes

Alphameric announces that following the approval of the Company’s new share incentive schemes at the AGM, the Company has granted the following awards, structured as nil cost options, to its Executive Directors.

Awards of ordinary shares under the Company’s Long Term Incentive Plan were granted on 25th March 2004 at a price of 81.5 pence per share as follows:

Director Number of Shares

Alan Morcombe 245,398
Mike McLaren 206,134
Martin Randall 152,147
James Soulsby 190,184

In accordance with institutional guidelines and as stated in the circular to shareholders regarding the Long Term Incentive Plan, awards will be released based upon the Total Shareholder Return of the company against its comparator group measured over a three year period. No awards will be capable of release unless EPS growth of 3% p.a. in excess of the UK Retail Prices Index is achieved over the same period.

A full description of the performance criteria are as set out in the circular to shareholders issued by the Company on 2nd March 2004. The level of awards is also in line with the levels set out in the circular.

James Soulsby
Company Secretary
Alphameric plc