Shoppers Stop - Grant of Stock Options

Shoppers Stop Ltd has informed BSE that the Company has granted, 20,000 Stock Options on January 28, 2008, under Employee Stock Option Scheme - 2005, at an exercise price of Rs 423/-.

The vesting Schedule of these Stock Options are as under:

- % of Stock Options vested: 35%
Date of vesting: January 28, 2011

- % of Stock Options vested: 35%
Date of vesting: January 28, 2012

- % of Stock Options vested: 30%
Date of vesting: January 28, 2013.

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