A company runs a share option scheme based on the employee's period of service with the company. As at 31 December 2017 the provisions of the scheme were:

Date of grant 1 January 2017 Market price at grant date €2.24 Exercise price of option €1.80 Date of vesting 31 December 2019 Number of shares under option 3 million Net profit for the year 2017 €1,000,000 Weighted average number of ordinary shares 10 million Average fair value of an ordinary share = 2.7/0 Requirement Calculate the basic and diluted EPS for 2017.