----

| Administrative      Amendment:        | 30      July 2008  |
|------------------------------------------------------|--------------------|
| Shareholders’      approval:    | 22      May 2006   |
| Directors’      approval:       | 13      April 2006 |
| Expiry      date:                     | 22      May 2016   |

----

| 1.  | INTERPRETATION      AND CONSTRUCTION                                                                          | 1  |
|-----|---------------------------------------------------------------------------------------------------------------|----|
| 1.1 | Definitions                                                                                                   | 1  |
| 1.2 | Meaning      of ceasing to be employed within the Group                                                       | 3  |
| 1.3 | Construction      of Rules                                                                                    | 3  |
| 1.4 | Governing      law                                                                                            | 4  |
| 1.5 | Administration                                                                                                | 4  |
| 1.6 | Disputes                                                                                                      | 4  |
| 2.  | ELIGIBILITY                                                                                                   | 4  |
| 2.1 | General                                                                                                       | 4  |
| 2.2 | Absence      on leave                                                                                         | 4  |
| 3.  | GRANTING      AWARDS                                                                                          | 4  |
| 3.1 | Restrictions      on grant                                                                                    | 4  |
| 3.2 | Operation      of the Plan                                                                                    | 5  |
| 3.3 | Timing      of grant                                                                                          | 5  |
| 3.4 | Performance      Targets and other conditions                                                                 | 5  |
| 3.5 | Changing      Performance Targets and other conditions                                                        | 6  |
| 3.6 | Notification      to the Trustee                                                                              | 6  |
| 3.7 | Deed      of grant for Awards                                                                                 | 6  |
| 4.  | INDIVIDUAL      LIMIT                                                                                         | 6  |
| 5.  | PLAN      LIMITS                                                                                              | 7  |
| 5.1 | General                                                                                                       | 7  |
| 5.2 | Meaning      of terms used in Rule 5                                                                          | 7  |
| 5.3 | 10      per cent in 10 years for all schemes                                                                  | 7  |
| 5.4 | 5      per cent in 10 years for discretionary schemes                                                         | 8  |
| 6.  | VESTING      OF SHARES                                                                                        | 8  |
| 7.  | TRANSFER      OF SHARES                                                                                       | 8  |
| 7.1 | Restrictions      upon transfer of Shares                                                                     | 8  |
| 7.2 | Lapsing      of Awards                                                                                        | 8  |
| 7.3 | Share      dealing code                                                                                       | 9  |
| 7.4 | Transfer      of Vested Shares                                                                                | 9  |
| 7.5 | Withholding      obligations                                                                                  | 9  |
| 8.  | LEAVING      EMPLOYMENT                                                                                       | 10 |
| 8.1 | Leaving      employment - before the end of the first year of the Performance      Period                     | 10 |
| 8.2 | Leaving      employment for Cause                                                                             | 10 |
| 8.3 | Leaving      employment after the end of the first year of the Performance Period for a      Permitted Reason | 10 |

----

| 8.4    | Leaving      employment after the end of the Performance Period and before the Release      Date | 10           |
|--------|--------------------------------------------------------------------------------------------------|--------------|
| 8.5    | Leaving      employment - any other reason                                                       | 10           |
| 9.     | CHANGE      OF CONTROL AND LIQUIDATION                                                           | 10           |
| 9.1    | Release      of Shares                                                                           | 10           |
| 9.2    | Lapsing      of Awards                                                                           | 11           |
| 10.    | SUBSTITUTE      AWARDS FOLLOWING CHANGE OF CONTROL                                               | 11           |
| 10.1   | Application      of Rule 10                                                                      | 11           |
| 10.2   | Release      of Awards                                                                           | 12           |
| 10.3   | Deemed      release                                                                              | 12           |
| 10.4   | Consequences      of release                                                                     | 12           |
| 11.    | VARIATION      OF CAPITAL                                                                        | 12           |
| 11.1   | Application      of Rule 11                                                                      | 12           |
| 11.2   | Adjustment      of Awards                                                                        | 12           |
| 11.3   | Notification      of adjustment                                                                  | 13           |
| 12.    | GENERAL                                                                                          | 13           |
| 12.1   | No      issue of new Shares                                                                      | 13           |
| 12.2   | Non-transferability      of Awards                                                               | 13           |
| 12.3   | Relationship      to contract of employment                                                      | 13           |
| 12.4   | Notices      and circulars to shareholders                                                       | 13           |
| 12.5   | Costs                                                                                            | 13           |
| 12.6   | Notices      to Eligible Employees and Participants                                              | 13           |
| 12.7   | Notices      to Company and Trustee                                                              | 14           |
| 13.    | CHANGING      AND ENDING THE PLAN                                                                | 14           |
| 13.1   | Power      of change   general                                                    | 14           |
| 13.2   | Power      of change - sub-plans                                                                 | 14           |
| 13.3   | Power      of change   limitations                                                | 14           |
| 13.4   | Power      of change - exceptions                                                                | 15           |
| 13.5   | Notification      of changes                                                                     | 15           |
| 13.6   | Ending      the Plan                                                                             | 15           |
|   | THE      SCHEDULE - PERFORMANCE TARGET                                                           | 16      - 18 |

----

----

| 1. | INTERPRETATION      AND CONSTRUCTION |
|----|--------------------------------------|

| 1.1 | Definitions |
|-----|-------------|

|   | In      this Plan, the following expressions have the meanings shown next to      them: |
|--------|-----------------------------------------------------------------------------------------|

|   | Announcement Date - any      date on which the Company announces its financial results for any period      to the Stock Exchange; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | Award - a right to      receive Shares in accordance with theRules; |
|--------|---------------------------------------------------------------------|

|   | Award Shares - the      Shares over which an Award isgranted; |
|--------|---------------------------------------------------------------|

|   | Board - the board of      directors of the Company or a committee appointed by  it; |
|--------|-------------------------------------------------------------------------------------|

|   | CA 1985 - Companies Act      1985; |
|--------|------------------------------------|

|   | Cause - any reason which      justifies a Participant’s summarydismissal; |
|--------|---------------------------------------------------------------------------------|

|   | Committee - the      Remuneration Committee; |
|--------|----------------------------------------------|

|   | Company - Tomkins PLC      registered in England with No.203531; |
|--------|------------------------------------------------------------------|

|   | Control - the same      meaning as in section 840 (Meaning of “control” in      certain contexts) of the ICTA      1988; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | Eligible Employee - any      employee who is eligible to take part in the Plan according to Rule 2      (Eligibility); |
|--------|-----------------------------------------------------------------------------------------------------------------------------|

|   | Grant Date - subject to      Rule 3.3 (Timing of      grant), the date on which an Award is  granted; |
|--------|-------------------------------------------------------------------------------------------------------|

|   | Grantor - the Company      for Awards granted or to be granted by the Company and the Trustee for      Awards granted or to be granted by theTrustee; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Group: |
|--------|--------|

|   | (i) | for      the purposes of Rule 8 (Leaving employment),      the Company and its Subsidiaries together with any other company of which      not less than 30 per cent of its equity share capital (within the meaning      of section 744 (Expressions used generally in      this Act) of the CA 1985)      is beneficially owned (directly or indirectly) by the Company and its      Subsidiaries and which the Committee has resolved for the time being      should be treated for the purposes of that Rule as a member of the Group;      and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | for all other purposes, the Company and its Subsidiaries, and the expression member of the Group will      be construed accordingly; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | Holding Company - the      same meaning as in section 736 (“Subsidiary”, “holding      company” and “wholly-owned subsidiary”) of the CA    1985; |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ICTA 1988 - Income and      Corporation Taxes Act 1988; |
|--------|---------------------------------------------------------|

----

|   | NIC Liability - a      liability to pay national insurance contributions in the United Kingdom      (or their equivalent outside the United Kingdom) in relation to an Award      or the benefits received or capable of being received in respect of an      Award; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Participant - the holder      of an Award or, after his death, his personal    representative; |
|--------|------------------------------------------------------------------------------------------------|

|   | Participating Employer -      any member of the Group; |
|--------|--------------------------------------------------------|

|   | Performance Period - the      period over which the Performance Target is to be measured as determined      by the Committee; |
|--------|-------------------------------------------------------------------------------------------------------------------------------|

|   | Performance Target - the      target or targets for an Award set under Rule 3.4 (Performance Targets and other      conditions) as changed from time to time under Rule 3.5 (Changing Performance Targets      and other conditions); |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Permitted Reason - in      relation to a Participant: |
|--------|-------------------------------------------------------|

|  | (i)  | his      death; |
|--|-----------|-----------------|

|  | (ii)  | his      retirement; |
|--|------------|----------------------|

|  | (iii)  | his      ill-health, injury or disability; |
|--|-------------|--------------------------------------------|

|   | (iv) | his      redundancy within the meaning of the Employment Rights Act      1996; |
|--------|------|--------------------------------------------------------------------------------|

|   | (v) | the      company by which the Participant is employed ceasing to be a member of the      Group; or |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | (vi) | the      business, or part of the business, in which the Participant works being      transferred to a transferee which is not a member of the Group;      and |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vii) | such      other reason as the Committee maydecide; |
|--------|-------|----------------------------------------------------|

|   | Plan - this plan      including any schedule to theRules; |
|--------|-----------------------------------------------------------|

|   | Release Date – such date      as the Committee may decide falling within the period of three months      starting on the later of: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|  | (i) | the      Vesting Date; and |
|--|-----|----------------------------|

|   | (ii) | the      third anniversary of the GrantDate; |
|--------|------|----------------------------------------------|

|   | but      this is subject to any Rule which provides for the Release Date to happen      at another time; |
|--------|----------------------------------------------------------------------------------------------------------|

|   | Remuneration Committee - the      committee of the Board known by that  name; |
|--------|-------------------------------------------------------------------------------|

|   | Remuneration Committee - the      committee of the Board known by that  name; |
|--------|-------------------------------------------------------------------------------|

|   | (i) | his      retirement at or after the date on which he is bound to retire in      accordance with his contract of employment or, if there is no such date,      his 65th      birthday; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | his      retirement before that date with the consent of the    Company; |
|--------|------|--------------------------------------------------------------------------|

----

|   | Share - a fully-paid      ordinary share in the capital of theCompany; |
|--------|------------------------------------------------------------------------|

|   | Stock Exchange - London      Stock Exchange plc or any recognised investment exchange for the purposes      of the Financial Services and Markets Act 2000 which may take over the      function of the London Stock Exchangeplc; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Subsidiary - the same      meaning as in section 736 (“Subsidiary”, “holding      company” and “wholly-owned subsidiary”) of the CA    1985; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Trustee - the trustee of      any employee benefit trust set up for the benefit of employees of the      Group; |
|--------|-----------------------------------------------------------------------------------------------------------------|

|   | UK Listing Authority -      the Financial Services Authority acting in its capacity as the competent      authority for the purposes of Part 6 (Official List) of the      Financial Services and Markets Act 2000 or such other person as is from      time to time appointed to be the competent authority for the purposes of      that Act; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Unvested Award - any      Award which is not a Vested Award; |
|--------|--------------------------------------------------------------|

|   | Vested Award - subject      to the Rules, an Award, or (as      the case may be) that part of an Award, which the Committee determines has      become a Vested Award; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Vested Shares - the      number of Award Shares subject to a Vested Award;  and |
|--------|---------------------------------------------------------------------------------|

|   | Vesting Date - in      relation to an Award, the date on which the Committee certifies in      accordance with the Rules that the Performance Target applicable to that      Award has or has not been met and to what extent, up to the      maximum. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | Meaning      of ceasing to be employed within theGroup |
|-----|--------------------------------------------------------|

| (A) | For      the purposes of the Rules but subject to (B), a Participant is to be      treated as ceasing to be employed within the Group when he is no longer      employed by any company which is a member of the Group.  For the      avoidance of doubt, a Participant will cease to be employed by a member of      the Group if the company by which he is employed ceases to be a member of      the Group. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | If      a Participant is away from work: |
|-----|------------------------------------------|

|   | (i) | in      circumstances where he has a contractual or statutory right to return to      work at the end of the period of leave;or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | because      of a period of leave approved by the Board for this    purpose, |
|--------|------|------------------------------------------------------------------------------|

|   | the      Participant will be treated for the purposes of the Rules as continuing to      be employed within the Group (whether or not he is) unless and until the      Board is satisfied that there is no longer any reasonable expectation that      the Participant will return to work and not to have ceased to be so      employed if he returns to work at the end of that period of      leave. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | Construction      of Rules |
|-----|----------------------------|

| (A) | Any      reference in the Plan: |
|-----|---------------------------------|

----

|   | (i) | to      the singular includes the plural and viceversa; |
|--------|-----|---------------------------------------------------------|

|   | (ii) | to      the masculine includes the feminine;and |
|--------|------|-------------------------------------------------|

|   | (iii) | to      an enactment includes that enactment as for the time being amended or      re-enacted. |
|--------|-------|------------------------------------------------------------------------------------------------|

| (B) | Any      reference in a Rule to a number or letter in parenthesis (for example (B))      is a reference to the paragraph in that Rule with that number or      letter. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | The      headings to the Rules are for reference purposes only and are not to be      used in construing the meaning of theRules. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | Governing      law |
|-----|--------------------|

|   | Unless      the Rules say otherwise, this Plan, any Award granted under it and any      agreement made under it are governed by English  law. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| 1.5 | Administration |
|-----|----------------|

|   | Unless      the Rules say otherwise, the Remuneration Committee will administer the      Plan. |
|--------|------------------------------------------------------------------------------------------------|

| 1.6 | Disputes |
|-----|----------|

|   | The      Remuneration Committee’s decision on the construction of the Rules and on      any disputes arising under the Plan is final and binding on all      persons. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | ELIGIBILITY |
|----|-------------|

| 2.1 | General |
|-----|---------|

|   | A      person is eligible to be granted an Award at the discretion of the      Committee if he is an employee (whether or not he is also a director) of a      Participating Employer and not under notice (whether given or      received). |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | Absence      on leave |
|-----|-----------------------|

| 3. | GRANTING      AWARDS |
|----|----------------------|

| 3.1 | Restrictions      on grant |
|-----|----------------------------|

| (A) | The      Committee must make sure: |
|-----|------------------------------------|

|   | (i) | that      the limits in Rule 4 (Individual limit) and 5      (Plan limits) are      not exceeded; |
|--------|-----|---------------------------------------------------------------------------------------------------|

|   | (ii) | that      Awards are not granted after 22 May 2016;and |
|--------|------|--------------------------------------------------------|

----

|   | (iii) | that      the Plan is not operated at any time, or in any circumstances, when to do      so would be in breach of the Criminal Justice Act 1993, the Company’s code      of practice on dealings in shares and securities, the Listing Rules of the      UK Listing Authority or any other applicable laws or      regulations. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | If      by reason of (A)(iii) the date on which an Award is granted to an Eligible      Employee has to be deferred, the Committee may nevertheless decide that      the Grant Date of that Award will be the date on which the Award would      have been granted but for thedeferral. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Operation      of the Plan |
|-----|----------------------------|

| (A) | Whenever      it decides to operate the Plan, the Committee must decide who is to be the      Grantor of the Award.  If the Grantor is to be the Trustee, the      Committee must obtain the Trustee’s agreement beforehand.  The      Trustee may not grant an Award without the consent of the      Committee. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      Grantor may (with the prior written consent of the Committee if the Awards      are to be granted by the Trustee) adopt such procedure as it thinks fit      for granting Awards; it may invite Eligible Employees to apply for Awards      or it may grant Awards without issuing  invitations. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | Timing      of grant |
|-----|----------------------|

| (A) | Subject      to Rule 3.1 and to (B), Awards may be granted as  follows: |
|-----|-------------------------------------------------------------------------|

|   | (i) | in      the six weeks following the date on which the Plan is approved by the      Company in general meeting; |
|--------|-----|----------------------------------------------------------------------------------------------------------------|

|   | (ii) | in      the six weeks following an AnnouncementDate; |
|--------|------|------------------------------------------------------|

|   | (iii) | when,      or shortly after, an Eligible Employee first becomes employed by a member      of the Group; |
|--------|-------|---------------------------------------------------------------------------------------------------------|

|   | (iv) | when,      or shortly after, an Eligible Employee is promoted to a position which      qualifies him to receive an Award or an increased level of Award;      and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | at      other times if the Committee considers that exceptional circumstances      exist. |
|--------|-----|-------------------------------------------------------------------------------------------|

| (B) | The      Awards granted within the period mentioned in (A)(i) will be deemed to      have a Grant Date of 22 November2005. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| 3.4 | Performance      Targets and other conditions |
|-----|-----------------------------------------------|

| (A) | The      Committee must make each Award subject to a Performance Target; it may      also impose other conditions. The Performance Target and the other      conditions must be objective.  In particular, but without      limitation, an Award may be granted on terms that the Participant must      agree to bear the cost of some or all of any NIC Liability either by      reimbursing the person otherwise liable or by entering into an election to      transfer the NIC Liability tohimself. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (B) | Except      where the Rules specify otherwise, the Performance Target must be measured      over a period of not less than three years beginning either with the Grant      Date or with the start of the Company’s financial year in which the Award      is granted. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | Unless      otherwise determined by the Committee, each Award will be subject to the      Performance Target set out in the Schedule to these      Rules.  Except with the prior approval of the Company in general      meeting, the Committee may not use a Performance Target which, in the      opinion of the Committee, is less challenging than the one set out in the      Schedule. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | Changing      Performance Targets and otherconditions |
|-----|-------------------------------------------------------|

| (A) | The      Committee may change the Performance Target or the other conditions to      which an Award is if it considers that it is fair and reasonable to do      so. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      power to change includes the power to adjust the existing Performance      Target or other conditions and to impose a new objective Performance      Target or different objective conditions.  The change must not,      however, have the effect, in the opinion of the Committee, of making the      Performance Target or the other conditions either materially easier or      materially more difficult to achieve than it was or they were when the      Award was granted. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | The      Company must tell each Participant of any change in the Performance Target      or other conditions which apply to hisAward. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------|

| 3.6 | Notification      to the Trustee |
|-----|----------------------------------|

|   | In      any case where the Grantor is the Trustee, the Committee must tell the      Trustee before setting or changing the Performance Target or the other      conditions. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.7 | Deed      of grant for Awards |
|-----|-------------------------------|

|   | On      the Grant Date, the Grantor must execute a deed of grant in favour of each      recipient of an Award.  The deed of grant may be in favour of      more than one recipient.  If so, it will be retained by the      Grantor but the Grantor must make it (or the relevant part of it)      available for inspection by each recipient.  As soon as      practicable after the Grant Date, the Company must procure that each      recipient is given written details of hisAward. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | INDIVIDUAL LIMIT |
|----|-----------------------|

| (A) | The      annual value of the Awards granted to the Chief Executive and the Finance      Director must not exceed, respectively, £4 million and £1.2      million.  The Committee will determine the level of Awards      granted to other Participants. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | For      the purposes of (A), the value of an Award will be determined by reference      to the market value of a Share at the Grant  Date. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | An      Award may be granted on terms that the maximum value of the Shares that      may vest in accordance with the Performance Target is      limited.  For this purpose, the value of a Share will be      determined by reference to the market value of a Share at or about the      date (as determined by the Committee) that the Award becomes a Vested      Award. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5. | PLAN      LIMITS |
|----|------------------|

| 5.1 | General |
|-----|---------|

|   | The      Committee must make sure that the nominal amount of Shares in respect of      which Awards are granted on any date (to the extent to which those Awards      are to be satisfied by Shares transferred from treasury) does not exceed      either of the limits set out in Rule 5.3 or5.4. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | Meaning      of terms used in Rule 5 |
|-----|--------------------------------------|

|   | In      Rule 5: |
|--------|----------------------|

|   | (i) | allocate means the issue of new      Shares or the transfer of treasury Shares in satisfaction of a person’s      rights under an award; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | an      award means any      option or other right to acquire or receive Shares whether conditional or      unconditional and whether or not forpayment; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | a      discretionary      scheme is a scheme in which those taking part are senior employees and      directors chosen at the discretion of the body administering the      scheme; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | an      employee share      scheme means any scheme for employees of the Group which has been      approved by the Company in generalmeeting; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | equity share capital has      the same meaning as in section 744 (Expression used generally in      this Act) of the CA 1985 but, for the avoidance of doubt, will      include any treasury shares; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | no      account will be taken of Shares acquired by an employee or former employee      (or the personal representatives of such a person) where the Shares are      acquired for a price equal to their market value at or about the date of      acquisition and the cost of those Shares is borne by the employee or      former employee (or his estate); |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vii) | subject      to (viii), no account will be taken of an award if and to the extent that      the Committee considers that it will be satisfied by the transfer of      existing Shares other than treasury Shares;and |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (viii) | any      Shares allocated to the trustee of any trust which were used or which are      to be used to satisfy awards granted under an employee share scheme must      be treated as having been allocated in respect of those awards unless the      Shares were acquired by the trustee pursuant to a rights issue or other      opportunity offered to the trustee in respect of Shares other than Shares      previously allocated to it. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | 10      per cent in 10 years for allschemes |
|-----|---------------------------------------------|

|   | The      limit for this Rule is A minus B where A is 10 per cent of the nominal      amount of the Company’s equity share capital on the day before the Grant      Date, and B is the total nominal amount of the  following: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (i) | Shares      allocated in respect of awards granted within the previous 10 years under      any employee share scheme; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Shares      remaining to be allocated in respect of awards granted on the same date or      within the previous 10 years under any employee share scheme;      and |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | Shares      allocated on the same date or within the previous 10 years under any      employee share scheme otherwise than in respect of an    award. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4 | 5      per cent in 10 years for discretionaryschemes |
|-----|------------------------------------------------------|

|   | The      limit for this Rule is A minus B where A is 5 per cent of the nominal      amount of the Company’s equity share capital on the day before the Grant      Date, and B is the total nominal amount of the  following: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Shares      allocated in respect of awards granted within the previous 10 years under      any discretionary employee sharescheme; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Shares      remaining to be allocated in respect of awards granted on the same date or      within the previous 10 years under any discretionary employee share      scheme; and |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | Shares      allocated on the same date or within the previous 10 years under any      discretionary employee share scheme otherwise than in respect of an      award. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | VESTING      OF SHARES |
|----|------------------------|

|   | At      the end of the Performance Period, the Committee must determine whether      and to what extent an Award has become a Vested Award and notify the      Participant accordingly.  An Award may not become a Vested Award      to an extent that is greater than the amount determined according to the      Performance Target and/or any limit determined in accordance with Rule 4      (Individual limit).  If and to the extent that the Award Shares      do not become Vested Shares, the Award will  lapse. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | TRANSFER      OF SHARES |
|----|-------------------------|

| 7.1 | Restrictions      upon transfer of Shares |
|-----|-------------------------------------------|

|   | A      Participant’s Award Shares may not be transferred to him unless and until      they become Vested Shares. |
|--------|------------------------------------------------------------------------------------------------------------------------|

| 7.2 | Lapsing      of Awards |
|-----|------------------------|

| (A) | Subject      to (B), if an Award (or part of it) lapses under any Rule, it (or, as the      case may be, the relevant part of it) lapses; it may not vest subsequently      under any other Rule. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | A      Participant may release his Award in consideration of the grant of a new      award in accordance with Rule 10 (Substitute awards following      change of Control) within the time allowed by that Rule      notwithstanding the provisions of Rule 11 (Change of Control and      liquidation). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.3 | Share      dealing code |
|-----|-------------------------|

| (A) | The      Release Date of an Award may not occur at any time when the buying or      selling of securities by a director or employee of the Company would      breach the Company’s code of practice on dealings in shares and other      securities. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      restriction in (A) applies even if the Participant is not at that time      forbidden by the code from buying or selling securities. The restriction      does not, however, apply if permission isgiven: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | in      the case of a Participant who is bound by that code, in accordance with      the procedures laid down in the code;or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | in      the case of any other Participant, by such person as the Committee may      nominate for this purpose. |
|--------|------|----------------------------------------------------------------------------------------------------------------|

| 7.4 | Transfer      of Vested Shares |
|-----|--------------------------------|

| (A) | Within      14 days of the Release Date of an Award, the Company must transfer the      Participant’s Vested Shares, or arrange for those Vested Shares to be      transferred, to the Participant or to someone else chosen by the      Participant. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      obligation under (A) is, however, subjectto: |
|-----|-------------------------------------------------------|

|   | (i) | any      necessary consents or approvals as may be required by any competent      authority having first beenobtained; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the      Participant having complied with the terms of the Award;    and |
|--------|------|--------------------------------------------------------------------------|

|   | (iii) | some      of the Shares being sold in accordance with Rule  7.5. |
|--------|-------|------------------------------------------------------------------|

| 7.5 | Withholding      obligations |
|-----|------------------------------|

| (A) | This      Rule applies in either of the following  situations: |
|-----|----------------------------------------------------------------|

|   | (i) | if      the Board considers that any person may have to make a payment to the      appropriate authorities on account of the Participant’s liability to tax,      duties, social security contributions or other amounts in respect of any      of the following: |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Award      Shares becoming Vested Shares; or |
|--------|-----|----------------------------------------------|

|   | (b) | any      other event in connection with an Award;or |
|--------|-----|-----------------------------------------------------|

|   | (ii) | if      the Award has been granted subject to a condition that the Participant      must reimburse any person for some or all of the NIC Liability arising on      any event in connection with his Award or if the Participant has      subsequently agreed to do so or if he has entered into an election to      transfer some or all of that NIC Liability to  himself. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      Participant must either pay that person the amount which it needs to pay      (or has paid) the appropriate authorities or agree to other arrangements      approved by the Company.  If he does not do so within such      period as is specified by the Company, then he will be deemed to have      authorised the disposal of such number of his Award Shares as is necessary      to ensure that the net proceeds of sale of those Shares are as nearly as      possible equal to the amount due to (or paid to) the appropriate      authorities, or as are required to ensure that the Participant complies      with his obligations, and the payment of the net proceeds of sale to that      person. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8. | LEAVING      EMPLOYMENT |
|----|-------------------------|

| 8.1 | Leaving      employment - before the end of the first year of the Performance      Period |
|-----|-------------------------------------------------------------------------------------------|

| (A) | Subject      to (B), if a Participant’s employment within the Group ends for any reason      whatsoever before the end of the first year of the Performance Period, his      Award will lapse on the date on which his employment  ends. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | If      the reason for the Participant’s employment ending is his death, the      Committee may alternatively decide that the Award will not lapse or take      such other action as it determines to be  appropriate. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | Leaving      employment for Cause |
|-----|-----------------------------------|

| 8.3 | Leaving      employment after the end of the first year of the Performance Period and      before the Release Date for a PermittedReason |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | Leaving      employment after the end of the Performance Period and before the Release      Date |
|-----|--------------------------------------------------------------------------------------------------|

| 8.5 | Leaving      employment - any other reason |
|-----|--------------------------------------------|

| 9. | CHANGE      OF CONTROL AND LIQUIDATION |
|----|----------------------------------------|

| 9.1 | Release      of Shares |
|-----|------------------------|

| (A) | This      Rule applies in any of the following  circumstances: |
|-----|----------------------------------------------------------------|

|   | (i) | if      any person (either alone or together with any person acting in concert      with him) obtains Control of the Company or, already having Control of the      Company, makes a general offer to acquire all of the Shares other than      those which are already owned by him and/or any person acting in concert      with him; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii) | if      the court approves a compromise or arrangement between the Company and its      members under section 425 (Power of company to compromise      with creditors and members) of the CA 1985;  or |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | if      a resolution is passed for the winding-up, or an order is made for the      compulsory winding-up, of theCompany; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------|

| (B) | If      the Participant has an Unvested Award, then it will become a Vested Award      (if at all) in respect of: |
|-----|-------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      number of Shares determined in accordance with Rule 6 (Vesting of Shares) by      deeming the Performance Period to have ended on the relevant date and then      adjusting it on such basis as the Committee may determine having regard to      the proportion of the Performance Period which has expired by the relevant      date; or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | such      greater or lesser number of Shares as the Committee may determine having      regard to such factors as it considersrelevant. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| (C) | If      the Participant has a Vested Award or an Unvested Award that becomes a      Vested Award according to (B), then Rule 6 (Release of Shares) will      apply as if the relevant date were the Release  Date. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | Lapsing      of Awards |
|-----|------------------------|

|   | Unless      it is exchanged (whether before or after the date on which it would      otherwise lapse) for a new award under Rule 10 (Substitute awards following      change of Control), a Participant’s Award will lapse if and to the      extent that it does not become a Vested Award in accordance with      Rule 9.1(B). |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | SUBSTITUTE      AWARDS FOLLOWING CHANGE OF CONTROL |
|-----|----------------------------------------------------|

| 10.1 | Application      of Rule 10 |
|------|-----------------------------|

|   | Rule 10      applies if a company (the acquiring      company): |
|--------|----------------------------------------------------------------------|

|   | (i) | obtains      Control of the Company as a result of making a general offer to buy the      whole of the issued share capital of the Company which is made on a      condition which, if met, will give the acquiring company Control of the      Company; or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | obtains      Control of the Company as a result of making a general offer to buy all      the Shares; or |
|--------|------|----------------------------------------------------------------------------------------------------------|

|   | (iii) | obtains      Control of the Company as a result of a compromise or arrangement approved      by the court under section 425 (Power of company to compromise      with creditors and members) of the CA 1985;  or |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | becomes      bound or entitled to acquire shares in the Company under sections 428      to 430F (Takeover      offers) of the CA 1985. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | The      acquiring company’s offer under (i) or (ii) need not extend to shares      which are already owned by it, its Holding Company or by its Subsidiaries      or those of its Holding Company. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Release      of Awards |
|------|------------------------|

| 10.3 | Deemed      release |
|------|---------------------|

| 10.4 | Consequences      of release |
|------|------------------------------|

| (A) | If      a Participant is granted a new award under  Rule 10: |
|-----|-------------------------------------------------------------------|

|   | (i) | the      new award will vest or be exercisable in the same way as the old      award; |
|--------|-----|---------------------------------------------------------------------------------------|

|   | (ii) | the      new award will be subject to the provisions of the Plan as it had effect      in relation to the old award immediately before its    release; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | the      Rules will apply to the new award as if references to Shares were      references to the shares in respect of which the new award is      granted; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | the      Rules will apply to the new award as if references to the Company      (including any such references as occur in expressions which are defined      in Rule 1.1 (Definitions) and are      used in those Rules) were references to the company in respect of whose      shares the new award is granted;and |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | the      Rules will apply with such adjustments as the Committee may      decide. |
|--------|-----|-----------------------------------------------------------------------------------|

| (B) | If      the old award was an Unvested Award immediately before the release and      grant and the new award is not granted subject to a performance target,      the new award will be deemed to become a Vested Award on the first date on      which the old award could have become a Vested Award according to Rule 6      (Vesting of      Shares). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | VARIATION      OF CAPITAL |
|-----|---------------------------|

| 11.1 | Application      of Rule 11 |
|------|-----------------------------|

|   | Rule 11      applies if there is a variation in the share capital of the Company or in      such other circumstances as the Board considers    appropriate. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2 | Adjustment      of Awards |
|------|---------------------------|

|   | The      Board may adjust each Award in any way that it thinks      appropriate.  The Board’s decision will be final.  In      the case of Awards granted by the Trustee, the Board must, however, get      the Trustee’s agreement beforehand. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11.3 | Notification      of adjustment |
|------|---------------------------------|

|   | The      Company must tell each Participant of any adjustment to his Award as soon      as possible after the Board’sdecision. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|

| 12. | GENERAL |
|-----|---------|

| 12.1 | No      issue of new Shares |
|------|-----------------------------|

| 12.2 | Non-transferability      of Awards |
|------|------------------------------------|

|   | An      Award is personal to the Participant and his personal      representatives.  It will lapse immediately  if: |
|--------|-------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      Participant transfers it or creates any interest in it in favour of any      third party; or |
|--------|-----|-------------------------------------------------------------------------------------------------------|

|   | (ii) | a      bankruptcy order is made in respect of him or any similar event occurs      under the laws of any country other than  England. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | Relationship      to contract of employment |
|------|---------------------------------------------|

|   | Participation      in the Plan is a matter entirely separate from, and does not affect, a      Participant’s pension rights or terms of employment.  If a      Participant ceases to be entitled to exercise his Award or to receive      Shares or the Award Shares are forfeited because his employment ends      (whether fairly, unfairly, lawfully or wrongfully) or for any other      reason, he will not be entitled to any compensation by reference to the      rights granted to, or the benefits capable of being received by, him under      the Plan or for the loss of such rights or  benefits. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.4 | Notices      and circulars to shareholders |
|------|--------------------------------------------|

|   | The      Company need not give Participants copies of any documents sent by the      Company to its shareholders. |
|--------|-------------------------------------------------------------------------------------------------------------------|

| 12.5 | Costs |
|------|-------|

|   | The      Company must pay the costs of preparing and running the      Plan.  It may, however, require Participating Employers to share      the costs on such a basis as the Board considers  fair. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.6 | Notices      to Eligible Employees andParticipants |
|------|----------------------------------------------------|

| (A) | Any      notice or document to an Eligible Employee or Participant may be given      either personally or through the internal post or by sending it by      ordinary post, e-mail or facsimile or by other electronic means (including      the internet and the intranet) to the address or number given by that      person. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | Where      a notice or document is sent to an Eligible Employee or Participant by      ordinary post, it will be treated as being received 72 hours after it was      put into the post properly addressed and stamped.  In all other      cases, the notice or document will be treated as received when it is      given. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (C) | All      notices and documents given or sent to Eligible Employees or Participants      will be given or sent at the risk of the      addressee.   Neither the Company nor any of its      Subsidiaries nor the Trustee has any liability in respect of any notice or      document given or sent, nor any obligation to check that the addressee      actually receives it. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.7 | Notices      to Company and Trustee |
|------|-------------------------------------|

| (A) | A      notice or document to the Company or the Trustee must be given by such      means as the Board may from time to time decide.  Such means may      include, but are not limited to, delivering it personally or through the      internal post to the recipient’s registered office or principal place of      business or by sending it by facsimile or e-mail or other electronic means      (including the internet and theintranet). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | Unless      otherwise agreed by the Company, a notice or document will only be      effective once it is received by therecipient. |
|-----|------------------------------------------------------------------------------------------------------------------------------------|

| (C) | All      notices and documents given or sent to the Company or the Trustee will be      given or sent at the risk of the sender.  Neither the Company      nor any of its Subsidiaries nor the recipient has any liability in respect      of any notice or document given or sent, nor any obligation to check that      the addressee actually receives it. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | CHANGING      AND ENDING THE PLAN |
|-----|-----------------------------------|

| 13.1 | Power      of change - general |
|------|--------------------------------|

|   | Subject      to the limitations in Rule 13.3, the Committee may change the Plan in      any way. |
|--------|-------------------------------------------------------------------------------------------------------|

| 13.2 | Power      of change - sub-plans |
|------|----------------------------------|

| 13.3 | Power      of change - limitations |
|------|------------------------------------|

| (A) | Subject      to the exceptions in Rule 13.4, the approval of the Company in general      meeting must be obtained before making any change to the advantage of      employees or Participants to the following  provisions: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Rule      2 (Eligibility); |
|--------|-----|----------------------------|

|   | (ii) | Rule      3.4 (Performance Targets      and other conditions); |
|--------|------|----------------------------------------------------------------|

|   | (iii) | Rule      3.5 (Changing      Performance Targets and other  conditions); |
|--------|-------|--------------------------------------------------------------------------|

|   | (iv) | Rule      4 (Individual      limit); |
|--------|------|--------------------------------------|

|   | (v) | Rule      5 (Plan      limits); |
|--------|-----|---------------------------------|

|   | (vi) | Rule      8 (Leaving      employment); |
|--------|------|----------------------------------------|

|   | (vii) | Rule      9 (Change of Control and      liquidation); |
|--------|-------|-------------------------------------------------------|

|   | (viii) | Rule      11 (Variation of      capital); |
|--------|--------|-------------------------------------------|

----

|   | (ix) | Rule      12.2 (Non-transferability of      Awards); |
|--------|------|------------------------------------------------------|

|   | (x) | this      Rule 13. |
|--------|-----|--------------------|

| (B) | Subject      to the exceptions in Rule 13.4, no change may be made which would affect      adversely any of the subsisting rights of a Participant except either with      his written consent or with the consent of most of the Participants      affected by the change. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.4 | Power      of change - exceptions |
|------|-----------------------------------|

|   | The      Remuneration Committee may: |
|--------|--------------------------------------|

|   | (i) | change      the Plan to take account of any changes to any relevant    law; |
|--------|-----|-----------------------------------------------------------------------------|

|   | (ii) | may      change the Plan to get or keep favourable tax, exchange control or      regulatory treatment for Participants or any member of the Group;      and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | make      minor changes to the Plan to ease its administration or to correct      clerical errors. |
|--------|-------|----------------------------------------------------------------------------------------------------|

| 13.5 | Notification      of changes |
|------|------------------------------|

|   | The      Company must tell a Participant about any change which affects his      rights. |
|--------|------------------------------------------------------------------------------------------|

| 13.6 | Ending      the Plan |
|------|----------------------|

|   | The      Remuneration Committee may end the Plan at any time in which case no      further Awards will be granted.  In all other respects, the Plan      will remain in force. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | THE      SCHEDULE |
|--------|-------------------|

|   | PERFORMANCE      TARGET |
|--------|-------------------------|

|   | This Schedule sets out      the Performance Target that is applicable to all Awards granted under the      Plan unless the Committee determinesotherwise. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Definitions |
|----|-------------|

|   | In      this Schedule, unless the context otherwise requires, words and      expressions defined in the Rules have the same meanings and the following      words and expressions have the meanings shown next to  them: |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Cost of equity - the      baseline performance below which no Award Shares will vest as notified to      the Participant when his Award is granted to  him; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Annualised TSR for a      three-year Performance Period is calculated as  follows: |
|--------|------------------------------------------------------------------------------------|

|   | Cumulative TSR - the      increase in the Net Return Index for the Company as calculated by      Datastream (or a similar financial information provider) over the      Performance Period calculated asfollows: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | where,      but subject to paragraph 3 below: |
|--------|-----------------------------------------------|

|   | TSR1      is its average Net Return Index over each weekday (excluding Saturdays,      Sundays and bank holidays) during the three months immediately prior to      the beginning of the Performance Period;and |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | TSR2      is its average Net Return Index over each weekday (excluding Saturdays,      Sundays and bank holidays) during the last three months of the Performance      Period. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Linear sliding scale –      where an Award will vary according to a linear relationship between      annualised TSR over the Performance Period and the size of the Award as      long as annualised TSR is above the cost of equity and below the maximum      level (which corresponds to a cumulative TSR of 60 per cent over the      performance Period): |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Net Return Index - the      index that reflects movements in share price over a period and dividends      reinvested on a net basis (without any associated tax credit) in shares on      the ex-dividend date; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Performance Period - the      period of three years starting with the Grant Date of the      Award; |
|--------|-----------------------------------------------------------------------------------------------------|

| 3. | The      Performance Target |
|----|-----------------------------|

| 3.1 | Subject      to the rules of the Plan, the Award Shares will not become Vested Shares      unless and to the extent that the Performance Target is      satisfied. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | As      soon as practicable following the end of the Performance Period, the      Committee shall calculate the TSR for the Performance    Period. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | If      the Annualised TSR is equal to or less than the Cost of Equity, none of      the Award Shares will become Vested Shares and the Award will      lapse. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | If      the Cumulative TSR is at or above 60 per cent, the Award will vest in full      and all of the Award Shares will become Vested  Shares. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | If the Annualised TSR is greater      than the Cost of Equity but the Cumulative TSR is less than 60 per cent,      the Award will vest on a linear sliding scale.  If and to the      extent that the Award does not vest, it will forthwith      lapse. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6 | Notwithstanding      the foregoing, the number of Award Shares that may become Vested Shares      must not exceed the number determined in accordance with the limit, if      any, imposed under Rule 4 (Individual limit).  If and to the      extent that the Award does not vest as a result of that limit, it will      forthwith lapse. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.  | Adjustment      or substitution of PerformanceTarget |
|----------|------------------------------------------------------|

|   | In      accordance with and subject to the Rules of the Plan, the Committee may      adjust the Performance Target set out in this Schedule or substitute new      Performance Target in circumstances as a result of which the Committee      considers it fair and reasonable to make the adjustment or      substitution. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Determinations      and disputes |
|----|----------------------------------|

|   | All      determinations regarding the matters set out in this Schedule, including      any questions relating to their interpretation and assessment as to      whether or not the Performance Targets have been met, shall be made by the      Committee whose decision shall be final and binding. The decision of the      Committee in any dispute relating to these Performance Target shall be      final and conclusive. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----