Harvard International PLC - Adjustment to Options Granted

Harvard International plc ("the Company")

ADJUSTMENT TO OPTIONS GRANTED UNDER THE 1996 EXECUTIVE SHARE OPTION SCHEMES (THE "SCHEMES")

On 8 March 2010, the following directors of Harvard International plc received notice from the Company that as a result of a return of cash of 30p per Ordinary Share paid to shareholders in January 2009, HM Revenue & Customs has agreed to adjustments to the exercise price and number of options granted under the Schemes as set out below.

	Date of Grant	Exercise price prior to the adjustment	Exercise Price following the adjustment	Number of shares granted	Number of shares under option following the adjustment
M Ashley	01.07.05*	373p	252.57p	10,000	14,767
	08.01.08**	73.25p	49.6p+	100,000	147,682
D B Harris	08.01.08**	73.25p	49.6p+	100,000	147,682

These options are subject to the following performance conditions:-

* Over a continuous period of at least three years commencing no earlier than the financial year during which the option is granted, the average percentage growth in the adjusted EPS (earnings per share) of the Company must exceed the average percentage growth in the Retail Prices Index over the same period by a minimum of 2 per cent. per annum.

** Should the increase in the share price between the date of grant and the third anniversary of the grant be:

i) over 30%, then 25% of the option granted can be exercised;

ii) over 60%, then 100% of the option granted can be exercised;

iii) between 30% and 60%, the number that can be exercised will be determined by a straight-line graph.

+The increase in share price conditions which must be satisfied before this option can be exercised will be now be determined by reference to a share price of 52.8p, being the share price on 8 January 2008 adjusted by the same factor as the exercise price.

Michael Ashley continues to have a beneficial interest in a Savings-Related Option over 15,384 Ordinary Shares in the Company at an option price of 62.4p. This option is also subject to adjustment and a further announcement will be made when confirmation is received by Mr Ashley from the Share Save administrators.

Daniel Bruce Harris continues to have a beneficial interest in 5,819,818 Ordinary Shares in the Company representing 11.35% of the issued share capital of the Company.

JOHN MALIN

Company Secretary

020 8238 7650