Issue of Equity

RNS Number : 8613F
Vectrix Corporation
15 October 2008

Date: 15 October, 2008
On behalf of: Vectrix Corporation ("Vectrix" or "the Company")
For immediate release

Issue of Equity

Middletown, R.I. - Vectrix Corporation (AIM: VRX) (www.vectrix.com), maker of the world's first high performance, two-wheel zero
emission vehicle (ZEV), announces that it has issued shares or rights to receive shares of common stock, par value 10 US cents each, of the
Company ("Common Stock") as described below.

Seventy seven thousand one hundred and forty two (77,142) shares of restricted Common Stock have been issued to Michael Joseph, a
consultant to the Company as a part of Mr. Joseph's compensation package. Mr. Joseph's restricted stock will vest on January 1, 2009.
Additionally, a pro-rata portion thereof will vest if Mr. Joseph's consultancy is terminated earlier for certain reasons outlined in his
consultancy agreement.

One hundred thousand (100,000) shares of restricted Common Stock have been issued to John Schnorr,
Treasurer of the Company, as a part of Mr. Schnorr's compensation package. Mr. Schnorr's restricted stock will vest on 22 May, 2010, or upon
a change of control, if earlier.

Restricted stock is subject to forfeiture if the employee or consultant voluntarily terminates his employment or consultancy or is
terminated by the Company for cause.

Application has been made to the London Stock Exchange for these shares to be admitted to trading on AIM, which is expected to take
place on 15 October, 2008.

Following admission, the Company will have 283,313,473 shares of voting Common Stock in issue.

In addition to the above, one million two hundred thirty two thousand five hundred restricted stock units awards have been made to
employees of the Corporation. Each award of a restricted stock unit allows the grantee to receive a share of Common Stock of the Company on
September 30, 2011, or upon a change of control, if earlier. Restricted stock units are also subject to forfeiture if the employee
voluntarily terminates his employment or is terminated by the Company for cause.

- Ends -

Enquiries to:

VECTRIX Corporation www.vectrix.com
Catherine Meier, General Counsel (401) 848-9993

Redleaf Communications vectrix@redleafpr.com
Emma Kane / Paul Dulieu +44 (0)20 7822 0200

HSBC
Nick Donald / Nic Hellyer +44 (0)20 7991 8888

Notes to Editors

About Vectrix
* Vectrix listed on AIM in May 2007 and is the developer of the world's first high performance, zero emission, electric motorcycle
which is at least 10 times more powerful than existing electric power two wheel vehicles.
* Vectrix is dedicated to developing and commercializing zero emission vehicle platform technologies focused on two-wheel
applications. Longer term, Vectrix plans to develop environmentally sensitive technologies for other segments within the transportation
industry.
* Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern vehicle assembly facility in Wroclaw, Poland and an R&D
center in New Bedford, Massachusetts.
* Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation and Leadership in Alternative Vehicle Technologies.
* Transportation is the largest single source of air pollution in the world. A typical motorcycle / scooter produces significantly
more CO2 and pollutants than a large diesel truck, and far more than a modern low emission automobile. The Vectrix bike utilizes innovative
zero-emission technology, offering customers a clean, affordable, and much needed alternative.

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

END

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