March Networks Corp.: Issue of Equity | Company Announcements

Friday 07 March, 2008

March Networks Corp.

Issue of Equity

March Networks Corporation
07 March 2008

7 March 2008



             March Networks Corporation ('March' or the 'Company')

                     Issue of Equity and Directors Dealings



The Company has been informed that as of 6 March 2008 the following issues of
equity common shares ('Common Shares') have occurred in relation to payment of
Director's fees in lieu of cash compensation:


      Director                         Period of Services                     Date of issuance      Number of Common
                                                                                                      Shares issued
Ian McLaren           November 1, 2007 to January 31, 2008                     March 6, 2008              1,329
Alan Horn             November 1, 2007 to January 31, 2008                     March 6, 2008              1,218
Chris Burke           November 1, 2007 to January 31, 2008                     March 6, 2008              1,773
Simon Gibson          November 1, 2007 to January 31, 2008                     March 6, 2008               997



As a result of these transactions the Directors interests are as follows as of
March 6, 2008:


      Director          Number of Common Shares held        Number of shares held as a     Number of options held
                                                         percentage of the current issued
                                                                   share capital
Ian McLaren                        33,545                         0.195 per cent                   11,600
Alan Horn                          11,844                         0.069 per cent                    4,000
Chris Burke                         9,520                         0.055 per cent                    7,250
Simon Gibson                        2,658                         0.015 per cent                    7,333




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