Press Release: Directors' Share Options

ACCRA, Ghana--(BUSINESS WIRE)--Aug. 29, 2000--The following executive director of the Company was granted options on 28 August 2000 to acquire ordinary shares of the Company at an exercise price of US$2.55 per share which results in the total number of shares over which he holds options as shown below:

Options Granted Total Options Granted
on 28.08.2000 to Date


S. Venkatakrishnan,
Chief Financial Officer 50,000 50,000

The options granted on 28 August 2000 will be exercisable during the period 28 August 2003 to 27 August 2010.