Incentive Arrangements

RNS Number:0834K
Cyberview Tech Inc
17 December 2007


17 December 2007


CYBERVIEW TECHNOLOGY, INC.


("Cyberview" or the "Company")


DIRECTORS INCENTIVE ARRANGEMENTS


The Board of Cyberview Technology, Inc. ("Cyberview" or the "Company"), a
leading provider of downloadable server-based systems to the gaming industry,
announces that it entered into conditional incentivisation arrangements
("Arrangements") on 28 June 2007 with certain directors of the Company as set
out below. The Board had been formally considering revising such directors'
share based incentivisation packages during the earlier part of 2007 to better
align the interests of those directors with shareholders. The granting of the
Arrangements was voted on and approved by only those directors who were not
subject to their terms.


Pursuant to the Arrangements, on a change of control of Cyberview, Cyberview
agreed to pay to the relevant directors, in cash, a one off payment in lieu of
any rights that the relevant directors have to exercise the options and warrants
as noted below ("Relevant Options and Warrants").


The amount to be paid to each relevant director pursuant to the Arrangements for
each vested Relevant Option and Warrant is equal to the difference between the
price Cyberview shareholders would receive for each Cyberview Share pursuant to
the terms of any change of control and 162.5p. The mid market share price on 27
June 2007, the last business day prior to the commencement of the Arrangements,
was 160.0p.


The Arrangements will be cancelled if the Company were to (a) reprice the
Relevant Options and Warrants, or (b) cancel the Relevant Options and Warrants
and grant the relevant directors new options and warrants to replace them. The
Relevant Options and Warrants would also be cancelled if the relevant directors
were paid the amounts due under the Arrangements in full.


The Arrangements provide that if a relevant director (in the case of an
executive director) ceases to be an employee or (in the case of a non executive
director) resigns or is removed from office prior to completion of a change of
control transaction then the relevant director's entitlement under the
Arrangements would terminate and the Company would have no obligation to the
relevant director in respect of his Arrangements.


However, in recognition of Peter Lusk's significant contribution to the success
of the Company over the past ten years, the Board agreed on 27 November 2007
that he should still be entitled to receive any amount due under the
Arrangements in respect of the Relevant Options and Warrants granted to him as
set out below notwithstanding his ceasing to be a non executive director of the
Company.


The Relevant Options and Warrants are as detailed below:

                                              Number       Date of Grant
Seamus McGill            Options           400,000             28-Sep-06

Mark Nanovich            Options            64,000             30-Jun-03
                         Options            56,000             20-Jul-04

Larry Woolf              Options            45,000             12-Jul-05

Peter Lusk*              Warrants           50,000             04-May-04
                         Options           200,000             18-Dec-03

              Total                        815,000

*Resigned on 27 November 2007.





For further information, please contact:


Cyberview Technology, Inc. 020 7761 3000

Mark Nanovich


Hogarth Partnership 020 7357 9477

Fiona Noblet


Arbuthnot Securities 020 7012 2000

Nick Marsh

Paul Vanstone



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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