K3 BUSINESS TECHNOLOGY GROUP PLC

('K3' or 'the Company')

Exercise of Option

K3 announces that application has been made for the admission of 30,000 new ordinary shares of 25p each in the Company ("New Ordinary Shares") following the exercise of options by an employee under the K3 Business Technology Group Executive Share Option Scheme 2000. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares of the Company. Admission of the 30,000 ordinary shares is expected to take place on 4 July 2008. Following admission the total issued share capital of the Company will be 23,755,982 ordinary shares of 25p each.

For further information:

K3 Business Technology Group plc: 

David Bolton, Chief Finance Officer        +44 (0) 1282 864 111

Daniel Stewart & Company Plc

Oliver Rigby                               +44 (0) 20 7776 6550

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