RNS Number:1536Y
Intercede Group PLC
4 July 2002



                              INTERCEDE GROUP plc

                         ("Intercede" or "the Company")


                                 AWARD OF OPTIONS


On 3 July 2002, Intercede Group plc granted to Andrew Walker, Finance Director
of the Company, an option to subscribe for up to 240,000 ordinary shares of 25p
each at an option exercise price of 40.5p per ordinary share. No performance
conditions are attached to this option. The option will vest and become
exercisable over a period of four years from grant, and will expire on 2 July
2012.


4 July 2002


ENQUIRIES:

Intercede Group plc
Richard Parris, Chairman & Chief Executive                   Tel. 01455 558111
Andrew Walker, Finance Director

College Hill                                                 Tel. 020 7457 2020
Archie Berens
Clare Warren






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