Torotrak announces that on 25 January 2007 it granted share awards ('Awards')
giving the recipient, Jeremy Deering, a director of the Company, the right to
receive, subject to the achievement of performance conditions, a maximum of
580,681 ordinary shares of 10p each in the capital of the Company ('Ordinary
Shares') under the terms of its Long Term Performance Share Plan (the 'Plan').
Following these Awards Jeremy Deering is interested in 580,681 Ordinary Shares,
being the subject of the Awards and 75,000 Ordinary Shares.
The Award gives Jeremy Deering the right to acquire the Ordinary Shares
comprised in it following the third anniversary of the date of grant, subject to
the satisfaction of two performance conditions, each applicable to 50 per cent
of the Ordinary Shares in the Award, based on the parameters summarised in the
circular sent to shareholders when the Plan was introduced.
