Management, Governance & CR

Remuneration Report

(i) 1984 Share Option Scheme

Beneficial interests of the directors under the Company's 1984 Share Option Scheme in ordinary shares of the Company.

  John Ritblat   John Weston Smith     Nicholas Ritblat  
Robert Bowden
Date granted Exercise price
p
Earliest exercise date Expiry
date
1 April 2004 31 March 2005   1 April 2004 31 March 2005   1 April 2004 31 March 2005   1 April 2004 31 March
2005
23.01.96 394 23.01.99 22.01.06 132,418 132,418   60,092 60,092   11,244 11,244   103,450 103,450
23.01.96 394 23.01.01 22.01.06 163,365 163,365   90,191 90,191   47,957 47,957      
        295,783 295,783   150,283 150,283   59,201 59,201   103,450 103,450

No options were granted to directors under the 1984 Share Option Scheme during the year. No options held by directors were exercised under the 1984 Share Option Scheme during the year.

The performance target required the Company‘s average annual Net Asset Value Growth over three years to equal the average annual increase over three years in the capital growth component of the Investment Property Databank Annual Index.