EX-4.5



 




Exhibit 4.5



RIO TINTO PLC




RULES OF THE RIO TINTO MANAGEMENT SHARE PLAN 2007




	 	 	 
	Directors’ Adoption:

	 	13 March 2007
	Expiry Date:

	 	12 March 2017












One Silk Street




London EC2Y 8HQ




Telephone (44-20) 7456 2000




Facsimile (44-20) 7456 2222




Ref Anne Croft




 









 





Table of Contents




	 	 	 	 	 	 	 
	Contents	 	Page
	 
	 	 	 	 	 	 
	1

	 	Granting Awards
	 	 	1	 
	2

	 	Awards
	 	 	2	 
	3

	 	Conditional Awards and Matching Awards
	 	 	3	 
	4

	 	Vesting of Awards
	 	 	3	 
	5

	 	Consequences of Vesting
	 	 	4	 
	6

	 	Leaving the Group before Vesting
	 	 	4	 
	7

	 	Variations in share capital, demergers and special distributions
	 	 	6	 
	8

	 	Takeovers and restructurings
	 	 	6	 
	9

	 	Exchange of Awards
	 	 	8	 
	10

	 	General
	 	 	8	 
	11

	 	Changing the Plan and termination
	 	 	11	 
	12

	 	Governing law and jurisdiction
	 	 	11	 
	13

	 	Definitions
	 	 	11	 






 





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Rules of the Rio Tinto Management Share Plan 2007





	1	 	Granting Awards
	 
	1.1	 	Shares subject to Awards
	 
	 	 	Awards may only be satisfied by the transfer of existing Shares. No new Shares may be issued
under the Plan.
	 
	1.2	 	Eligibility
	 
	 	 	The Directors may grant an Award to any employee of the Group excluding an executive
director of the Company or a product group chief executive.
	 
	1.3	 	Timing of Award
	 
	 	 	Awards may not be granted at any time after the Expiry Date and Awards may only be granted
within 42 days starting on any of the following:






	 	1.3.1	 	the day after the announcement of the Company’s results;
	 
	 	1.3.2	 	any day on which the Directors resolve that exceptional circumstances exist
which justify the grant of Awards; or
	 
	 	1.3.3	 	any day on which changes to the legislation or regulations affecting share
plans are announced, effected or made; or
	 
	 	1.3.4	 	the lifting of Dealing Restrictions which prevented the granting of Awards
during any period specified above.






	1.4	 	Vesting Conditions
	 
	 	 	When granting an Award, the Directors may make its Vesting conditional on the satisfaction
of one or more conditions. A Vesting Condition must be specified at the time the Award is
made and may provide that an Award will lapse if a Vesting Condition is not satisfied. The
Directors may waive or change a Vesting Condition in accordance with its terms or if
anything happens which causes them reasonably to consider it appropriate. Notwithstanding
anything else in the Plan, an Award will only Vest to the extent that any Vesting Condition
is satisfied or waived.
	 
	1.5	 	Matching Awards
	 
	 	 	The Directors may establish conditions for and grant Matching Awards at any time during the
Vesting Period for a Conditional Award
	 
	 	 	The Vesting of a Matching Award is conditional on the Participant retaining the Shares which
are subject to the Conditional Award to which the Matching Award is linked, on terms
specified at the time the Matching Award is granted, and is subject to such other Vesting
Conditions as the Directors think fit.
	 
	1.6	 	Number of Shares the Subject of an Award






	 	1.6.1	 	The Directors must, at the time of the grant of a Conditional Award or a
Matching Award, determine the number of Shares subject to the Award (the Base Number of
Shares).





 





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	 	1.6.2	 	The Directors may, at the time of the grant of such an Award, also determine
that the Award includes a right to receive, upon Vesting of some or all of the Base
Number of Shares, a number of Additional Shares calculated in accordance with the
following formula:
	 
	 	 	 	X = D / P, rounded down to the nearest whole number, where
	 
	 	 	 	X is the number of Additional Shares
	 
	 	 	 	D is the aggregate cash amount of all Dividends which would have been paid to the
relevant Participant in respect of the Base Number of Shares subject to the Award
that have Vested, if that number of Shares had been registered in the name of the
relevant Participant on the date of grant of the Award.
	 
	 	 	 	P is the average of the closing price of Shares on the London Stock Exchange over
the five Business Days ending on the date of the Vesting of the Award.






	1.7	 	Award certificates
	 
	 	 	Each Participant will receive a certificate setting out the terms of the Award as soon as
practicable after the Award is made. The certificate may be the deed referred to in 2.1
(Terms of Awards) or any other document. If any certificate is lost or damaged the Company
may replace it on such terms as it decides.
	 
	1.8	 	No payment
	 
	 	 	A Participant is not required to pay for the grant of any Award.

	 
	1.9	 	Disclaimer of Award
	 
	 	 	Any Participant may disclaim all or part of his Award within 30 days after the Award is
notified to him, by giving written notice to any person nominated by the Company. If this
happens, the Award will be deemed never to have been granted. A Participant is not required
to pay for the disclaimer.
	 
	2	 	Awards
	 
	2.1	 	Terms of Awards
	 
	 	 	Awards are subject to the rules of the Plan and any conditions specified at the time of
grant and must be granted by deed. The terms of the Award, as determined by the Directors,
must be specified in the deed and must include:






	 	2.1.1	 	whether the Award is:






	 	(i)	 	a Conditional Award; and/or
	 
	 	(ii)	 	a Matching Award linked to a Conditional Award.






	 	2.1.2	 	the Base number of Shares subject to the Award;
	 
	 	2.1.3	 	whether the Award includes a right to receive any Additional Shares;
	 
	 	2.1.4	 	any Vesting Condition;
	 
	 	2.1.5	 	the terms of a Matching Award, if made at the time as the grant of the
Conditional Award, including the Retention Period and the number of Shares which must
be





 





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	 	 	 	retained. Any Matching Award made subsequent to the time of the grant of the
Conditional Award will be specified separately;
	 
	 	2.1.6	 	the date of Vesting, unless specified in a Vesting Condition.






	2.2	 	Elections
	 
	 	 	The Participant must enter into any elections required by the Company, including elections
under Part 7 of the Income Tax (Earnings and Pensions) Act 2003 and elections to transfer
any liability, or agreements to pay, national insurance contributions. If he does not do so
within a period specified by the Company, the Award will lapse at the end of that period.
	 
	3	 	Conditional Awards and Matching Awards
	 
	3.1	 	Rights
	 
	 	 	A Participant shall not be entitled to vote, to receive dividends or to have any other
rights of a shareholder in respect of Shares subject to a Conditional Award or a Matching
Award until the Shares are transferred to the Participant.
	 
	3.2	 	Transfer
	 
	 	 	A Participant may not transfer, assign or otherwise dispose of a Conditional Award or a
Matching Award or any rights in respect of it. If he does, whether voluntarily or
involuntarily, then it will immediately lapse. This rule 3.2 does not apply to the
transmission of a Conditional Award or Matching Award on the death of a Participant to his
personal representatives;
	 
	4	 	Vesting of Awards
	 
	4.1	 	Timing of Vesting — Award subject to a time-based Vesting Condition
	 
	 	 	Where an Award is subject to a Vesting Condition, which is not dependent on performance but
only on the passing of a period of time, the Award Vests subject to rules 6 (Leaving the
Group before Vesting) and 8 (Takeovers and restructurings), on the date of Vesting set by
the Directors on the grant of the Award or, if on that date a Dealing Restriction applies to
a Participant, the first date on which it ceases to apply to him.
	 
	4.2	 	Timing of Vesting — Award subject to performance-based Vesting Condition
	 
	 	 	Where an Award is subject to a Vesting Condition which is based on performance, as soon as
reasonably practicable after the end of the Vesting Period, the Directors will determine
whether and to what extent the Vesting Condition has been satisfied and how many Shares Vest
for each Award. The Award Vests, to the extent determined, subject to rules 6 (Leaving the
Group before Vesting) and 8 (Takeovers and restructurings), on the date on which the
Directors make their determination or, if on that date a Dealing Restriction applies to a
Participant, the first date on which it ceases to apply to him.
	 
	4.3	 	Time of Vesting — Matching Award
	 
	 	 	Where an Award Vests under rule 4.1 or 4.2 and is linked to a Matching Award, the number of
Shares in respect of the Matching Award capable of Vesting is determined at the same time.
Those Shares Vest at the end of the Retention Period, subject to any applicable Vesting
Condition, or, if on that date a Dealing Restriction applies to a Participant, the first





 





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	 	 	date on which it ceases to apply to him. The Matching Award lapses if the Participant
disposes of the Vested Shares before the end of the Retention Period (other than for the
purposes of discharging a liability to tax in respect of the Vested Shares) unless the
Directors determine otherwise.






	4.4	 	Time of Vesting — Additional Shares
	 
	 	 	On the Vesting of an Award which includes the right to receive Additional Shares, the number
of Additional Shares Vesting shall be calculated as soon as practicable.
	 
	4.5	 	Lapse
	 
	 	 	To the extent any Vesting Condition is not satisfied the Award lapses, unless otherwise
specified in the Vesting Condition. If an Award lapses under the Plan it cannot Vest and a
Participant has no rights in respect of it.
	 
	5	 	Consequences of Vesting
	 
	5.1	 	Conditional Award
	 
	 	 	Within 30 days of Vesting of a Conditional Award or a Matching Award, the Company will
arrange (subject to rule 5.2 (Withholding)) for the transfer to or to the order of the
Participant of the number of Shares in respect of which the Award has Vested.
	 
	5.2	 	Withholding
	 
	 	 	The Company, any employing company or trustee of any employee benefit trust may withhold
such amount and make such arrangements as it considers necessary to meet any liability to
taxation or social security contributions in respect of Awards. These arrangements may
include the sale or reduction in number of any Shares unless the Participant discharges the
liability himself.
	 
	6	 	Leaving the Group before Vesting
	 
	6.1	 	General rule on leaving employment
	 
	 	 	Unless rule 6.2 applies, an Award which has not Vested will lapse on the date the
Participant ceases to be an employee of a Member of the Group.
	 
	6.2	 	Leaving in exceptional circumstances






	 	6.2.1	 	If a Participant ceases to be an employee of any Member of the Group for any
of the reasons set out below, then his Awards will Vest as described in rule 6.3 and
6.4 and lapse as to the balance. The reasons are:






	 	(i)	 	ill-health, injury or disability, as established to the
satisfaction of the Company;
	 
	 	(ii)	 	retirement with the agreement of the Participant’s employer;
	 
	 	(iii)	 	the Participant’s employing company ceasing to be under the
Control of the Company;
	 
	 	(iv)	 	a transfer of the undertaking, or the part of the undertaking,
in which the Participant works to a person which is neither under the Control
of the Company nor a Member of the Group;





 





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	 	(v)	 	redundancy;
	 
	 	(vi)	 	transfer of employment to Rio Tinto Limited or any subsidiary
of it; or
	 
	 	(vii)	 	any other reason except dismissal for misconduct, if there are
exceptional circumstances and the Directors so decide.






	 	6.2.2	 	The Directors must exercise any discretion provided for in rule 6.2.1 within
14 days after notification of the cessation of the relevant Participant’s employment
has been received by the Company. Except for the purposes of determining normal
Vesting, the Award will be treated as not lapsing until the end of the 14 day period,
or if earlier, the date on which the Directors decide not to exercise the discretion.






	6.3	 	Vesting — Award subject to a time-based Vesting Condition
	 
	 	 	Where rule 6.2 applies to an Award which is not dependent on performance but only on the
passing of a period of time, the Award does not lapse, but will Vest as soon as practicable
after the termination, The Award must be reduced pro rata to reflect the proportion of the
Vesting Period which has not elapsed.
	 
	6.4	 	Vesting — Award subject to a performance-based Vesting Condition
	 
	 	 	Where rule 6.2 applies to an Award which is subject to a performance-based Vesting
Condition, the Award does not lapse, and the extent to which it will Vest is measured in
accordance with rule 4.2at the end of the Vesting Period. However, the Directors may decide
in their discretion that the Vesting Period in respect of an Award should be treated as
ending on the date of the termination of employment, and that the Award should Vest
immediately, to the extent that the Vesting Condition has been satisfied (as determined by
the Directors in the manner specified in the Vesting Condition or in such manner as they
consider reasonable). The Award must be reduced pro rata to reflect the proportion of the
Vesting Period which has not elapsed.
	 
	6.5	 	Vesting — Matching Award
	 
	 	 	If a Conditional Award Vests under rule 6.3 or 6.4, any linked Matching Award Vests at the
same time, irrespective of any Retention Period. If a Participant’s employment terminates
after the Vesting of the Award to which a Matching Award is linked, in circumstances where
rule 6.2 applies, the Matching Award does not lapse, but Vests on the date of termination,
or if later, on the date on which the Directors decide that Rule 6.2 applies. In both cases,
the Matching Award is reduced pro rata to reflect the proportion of the Vesting Period
and/or Retention Period which has not elapsed on the date of termination.
	 
	6.6	 	Death
	 
	 	 	If a Participant dies, his Awards Vest on the date of death, subject to pro rata reduction
to reflect the proportion of the Vesting Period and/or Retention which has not elapsed on
the date of death. However, an Award which is subject to a performance-based Vesting
Condition only Vests to the extent that it has been satisfied as at the date of death. It
lapses as to the balance. The Directors will determine the extent to which the Vesting
Condition has been satisfied and the proportion as to which it will Vest in the manner
specified in the Vesting Condition or, if this is not specified in the Vesting Condition, in
such manner as they consider reasonable.





 





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	6.7	 	Additional Shares
	 
	 	 	On the Vesting of an Award which includes the right to receive Additional Shares, the number
of Additional Shares Vesting shall be calculated as soon as practicable.
	 
	6.8	 	Meaning of “ceasing to be an employee”
	 
	 	 	For the purposes of this rule 6, a Participant is not treated as ceasing to be an employee
of a Member of the Group until he ceases to be an employee of all Members of the Group on
standard employment conditions for full time employees.
	 
	7	 	Variations in share capital, demergers and special distributions
	 
	7.1	 	Adjustment of Awards
	 
	 	 	If there is:






	 	7.1.1	 	a variation in the equity share capital of the Company, including a
capitalisation or rights issue, sub-division, consolidation or reduction of share
capital; or
	 
	 	7.1.2	 	a demerger (in whatever form) or exempt distribution by virtue of Section 213
of the Income and Corporation Taxes Act 1988; or
	 
	 	7.1.3	 	a special dividend or distribution






	 	 	the Directors may adjust the number or class of Shares or securities comprised in a
Conditional Award and a Matching Award.
	 
	7.2	 	Notice
	 
	 	 	The Company may notify Participants of any adjustment made under this rule 7.
	 
	8	 	Takeovers and restructurings
	 
	8.1	 	Takeovers






	 	8.1.1	 	Where a person (or a group of persons acting in concert) obtains Control of
the Company as a result of making an offer to acquire Shares, an Award Vests, subject
to rule 8.1.3, on the date the person obtains Control but, in the case of an Award
which is subject to a performance-based Vesting Condition, only to the extent that the
Vesting Condition has been satisfied as determined by the Directors under rule 8.1.2.
The Award lapses as to the balance unless exchanged under rule 8.1.3.
	 
	 	8.1.2	 	Where an Award which is subject to a performance-based Vesting Condition Vests
under rule 8.1.1, the Directors will determine the extent to which the Vesting
Condition has been satisfied and the proportion of the Award which will Vest. In
addition, the Directors may decide that all Awards should be reduced pro rata to
reflect the acceleration of Vesting.
	 
	 	8.1.3	 	An Award will not Vest under rule 8.1.1 but will be exchanged under rule 9
(Exchange of Awards) to the extent that:






	 	(i)	 	an offer to exchange the Award is made to and accepted by a
Participant; or
	 
	 	(ii)	 	the Directors, with the consent of the Acquiring Company,
decide before the person obtains Control that the Award will be automatically
exchanged.





 





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	8.2	 	Schemes of arrangement






	 	8.2.1	 	When a court sanctions a compromise or arrangement in connection with the
acquisition of Shares, an Award Vests, subject to rule 8.2.3, but, in the case of an
Award which is subject to a performance-based Vesting Condition, only to the extent
that the Vesting Condition has been satisfied as determined by the Directors under rule
8.2.2. The Award lapses as to the balance unless exchanged under rule 8.2.3. This rule
applies to a court sanction under Section 425 of the Companies Act 1985 or equivalent
procedure under local legislation.
	 
	 	8.2.2	 	Where an Award which is subject to a performance-based Vesting Condition Vests
under rule 8.2.1, the Directors will determine the extent to which the Vesting
Condition has been satisfied and the proportion of the Award which will Vest. In
addition, the Directors may decide that all Awards should be reduced pro rata to
reflect the acceleration of Vesting.
	 
	 	8.2.3	 	An Award will not Vest under rule 8.2.1 but will be exchanged under rule 9
(Exchange of Awards) to the extent that:






	 	(i)	 	an offer to exchange the Award is made to and accepted by a
Participant; or
	 
	 	(ii)	 	the Directors, with the consent of the Acquiring Company,
decide before court sanction that the Award will be automatically exchanged.






	8.3	 	Demergers or other corporate events






	 	8.3.1	 	If the Directors become aware that the Company is or is expected to be
affected by any demerger, distribution (other than an ordinary dividend) or other
transaction not falling within rules 8.1 (Takeovers), or 8.2(Schemes of arrangement)
which, in the opinion of the Directors would affect the current or future value of any
Award, the Directors may allow an Award to Vest but, in the case of an Award which is
subject to a performance-based Vesting Condition, only to the extent that the Vesting
Condition has been satisfied as determined by the Directors under rule 8.3.2 and
subject to any other conditions the Directors may decide to impose. The Award lapses as
to the balance.
	 
	 	8.3.2	 	Where an Award which is subject to a performance-based Vesting Condition Vests
under rule 8.3.1, the Directors will determine the extent to which the Vesting
Condition has been satisfied and the proportion of the Award which will Vest. In
addition, the Directors may decide that all Awards should be reduced pro rata to
reflect the acceleration of Vesting.
	 
	 	8.3.3	 	The Company will notify any Participant who is affected by the Directors
exercising their discretion under this rule.






	8.4	 	Directors
	 
	 	 	In this rule, “Directors” means those people who were members of the remuneration committee
of the Company immediately before the change of Control.
	 
	8.5	 	Overseas transfer
	 
	 	 	If a Participant is transferred to work in another country and, as a result of that transfer
he would:





 





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	 	8.5.1	 	suffer a tax disadvantage in relation to his Awards (this being shown to the
satisfaction of the Directors); or
	 
	 	8.5.2	 	become subject to restrictions on his ability to exercise his Awards or to
hold or deal in the Shares or the proceeds of the sale of the Shares acquired on
exercise because of the security laws or exchange control laws of the country to which
he is transferred






	 	 	then if the Participant continues to hold an office or employment with a Member of the
Group, the Directors may decide that the Awards will Vest on a date they choose before or
after the transfer takes effect. The Award will Vest to the extent they permit and will
lapse as to the balance.
	 
	9	 	Exchange of Awards
	 
	9.1	 	Timing of exchange
	 
	 	 	Where an Award is to be exchanged under rule 8 (Takeovers and restructurings) the exchange
will take place as soon as practicable after the relevant event.
	 
	9.2	 	Exchange terms
	 
	 	 	Where a Participant is granted a new award in exchange for an existing Award, the new Award:






	 	9.2.1	 	must confer a right to acquire shares in the Acquiring Company or another body
corporate determined by the Acquiring Company;
	 
	 	9.2.2	 	must be equivalent to the existing Award, subject to rule 9.2.4;
	 
	 	9.2.3	 	is treated as having been acquired at the same time as the existing Award and,
subject to rule 9.2.4, Vests in the same manner and at the same time;
	 
	 	9.2.4	 	must either:






	 	(i)	 	be subject to a Vesting Condition which is, so far as possible,
equivalent to any Vesting Condition applying to the existing Award; or
	 
	 	(ii)	 	not be subject to any Vesting Condition but be in respect of
the number of shares which is equivalent to the number of Shares comprised in
the existing Award which would have Vested under rule 8.1 or 8.2, and Vest at
the end of the Vesting Period;






	 	9.2.5	 	is governed by the Plan as if references to Shares were references to the
shares over which the new award is granted and references to the Company were
references to the Acquiring Company or the body corporate determined under rule 9.2.1.






	10	 	General
	 
	10.1	 	Terms of employment






	 	10.1.1	 	For the purposes of this rule, “Employee” means any employee of a Member of the
Group.





 





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	 	10.1.2	 	This rule applies during an Employee’s employment and after the termination of an
Employee’s employment, whether or not the termination is lawful.
	 
	 	10.1.3	 	Nothing in the rules or the operation of the Plan forms part of the contract of
employment of an Employee. The rights and obligations arising from the employment
relationship between the Employee and the Company are separate from, and are not
affected by, the Plan. Participation in the Plan does not create any right to, or
expectation of, continued employment.
	 
	 	10.1.4	 	No employee has a right to participate in the Plan. Participation in the Plan or the
grant of Awards on a particular basis in any year does not create any right to or
expectation of participation in the Plan or the grant of Awards on the same basis, or
at all, in any future year.
	 
	 	10.1.5	 	The terms of the Plan do not entitle the Employee to the exercise of any discretion
in his favour.
	 
	 	10.1.6	 	The Employee will have no claim or right of action in respect of any decision,
omission or discretion, which may operate to the disadvantage of the Employee even if
it is unreasonable, irrational or might otherwise be regarded as being in breach of the
duty of trust and confidence (and/or any other implied duty) between the Employee and
his employer.
	 
	 	10.1.7	 	No Employee has any right to compensation for any loss in relation to the Plan,
including any loss in relation to:






	 	(i)	 	any loss or reduction of rights or expectations under the Plan
in any circumstances (including lawful or unlawful termination of employment);
	 
	 	(ii)	 	any exercise of a discretion or a decision taken in relation to
an Award or to the Plan, or any failure to exercise a discretion or take a
decision;
	 
	 	(iii)	 	the operation, suspension, termination or amendment of the
Plan.






	 	10.1.8	 	Participation in the Plan is permitted only on the basis that the Participant accepts
all the provisions of the rules, including this rule. By participating in the Plan, an
Employee waives all rights under the Plan, other than the right to acquire shares
subject to and in accordance with the express terms of the Plan and the Vesting
Condition, in consideration for, and as a condition of, the grant of an Award under the
Plan.
	 
	 	10.1.9	 	Nothing in this Plan confers any benefit, right or expectation on a person who is not
an Employee. No such third party has any rights under the Contracts (Rights of Third
Parties) Act 1999 to enforce any term of this Plan. This does not affect any other
right or remedy of a third party which may exist.






	10.2	 	Directors’ decisions final and binding
	 
	 	 	The decision of the Directors on the interpretation of the Plan or in any dispute relating
to an Award or matter relating to the Plan will be final and conclusive.
	 
	10.3	 	Documents sent to shareholders
	 
	 	 	The Company may send to Participants copies of any documents or notices normally sent to the
holders of its Shares at or around the same time as issuing them to the holders of its
Shares or may direct participants to a relevant website.





 





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	10.4	 	Costs
	 
	 	 	The Company will pay the costs of introducing and administering the Plan. The Company may
ask a Participant’s employer to bear the costs in respect of an Award to that Participant.
	 
	10.5	 	Regulations
	 
	 	 	The Directors have the power from time to time to make or vary regulations for the
administration and operation of the Plan but these must be consistent with its rules.
	 
	10.6	 	Employee trust
	 
	 	 	The Company and any Subsidiary may provide money to the trustee of any trust or any other
person to enable them or him to acquire Shares to be held for the purposes of the Plan, or
enter into any guarantee or indemnity for those purposes, to the extent permitted by Section
153 of the Companies Act 1985.
	 
	10.7	 	Data protection
	 
	 	 	By participating in the Plan the Participant consents to the holding and processing of
personal data provided by the Participant to any Member of the Group, trustee or third party
service provider, for all purposes relating to the operation of the Plan. These include, but
are not limited to:






	 	10.7.1	 	administering and maintaining Participant records;
	 
	 	10.7.2	 	providing information to Members of the Group, Rio Tinto Limited and its
subsidiaries, trustees of any employee benefit trust, registrars, brokers or third
party administrators of the Plan;
	 
	 	10.7.3	 	providing information to future purchasers of the Company or the business in which
the Participant works;
	 
	 	10.7.4	 	transferring information about the Participant to a country or territory outside the
European Economic Area that may not provide the same statutory protection for the
information as the Participant’s home country.






	10.8	 	Consents
	 
	 	 	All transfers of Shares will be subject to any necessary consents under any relevant
enactments or regulations for the time being in force in the United Kingdom or elsewhere.
The Participant will be responsible for complying with any requirements he needs to fulfil
in order to obtain or avoid the necessity for any such consent.






	 
	10.9	 	Articles of association
	 
	 	 	Any Shares acquired under the Plan are subject to the articles of association of the Company
from time to time in force.






	 
	10.10	 	Notices






	 	10.10.1	 	Any notice or other document which has to be given to a person who is or will be
eligible to be a Participant under or in connection with the Plan may be:






	 	(i)	 	delivered or sent by post to him at his home address according
to the records of his employing company; or





 





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	 	(ii)	 	sent by e-mail or fax to any e-mail address or fax number which
according to the records of his employing company is used by him;
	 
	 	or in either case such other address which the Company considers appropriate.






	 	10.10.2	 	Any notice or other document which has to be given to the Company or other duly
appointed agent under or in connection with the Plan may be delivered or sent by post
to it at its registered office (or such other place as the Directors or duly appointed
agent may from time to time decide and notify to Participants) or sent by e-mail or
fax to any e-mail address or fax number notified to the Participant.





	 
	 	 	 	Notices sent by post will be deemed to have been given on the second day after the date of
posting. However, notices sent by or to a Participant who is working overseas will be deemed
to have been given on the seventh day after the date of posting. Notices sent by e-mail or
fax, in the absence of evidence to the contrary, will be deemed to have been received on the
day after sending.






	11	 	Changing the Plan and termination
	 
	11.1	 	Directors’ powers
	 
	 	 	The Directors may at any time change the Plan in any way, except that Rule 1.1 (no issue of
new Shares) may not be changed to include the issue of new Shares or treasury shares and
Rule 1.2 (Eligibility) may not be changed to include directors as eligible participants
without the prior approval of the Company in general meeting.
	 
	11.2	 	Notice
	 
	 	 	The Directors may give written notice of any changes made to any Participant affected.
	 
	12	 	Governing law and jurisdiction
	 
	 	 	English law governs the Plan and all Awards and their construction. The English Courts have
non-exclusive jurisdiction in respect of disputes arising under or in connection with the
Plan or any Award.
	 
	13	 	Definitions
	 
	 	 	In these rules:
	 
	 	 	“Acquiring Company” means a person who obtains Control of the Company;
	 
	 	 	“Additional Shares” means the number of Shares included in an Award as determined under Rule
1.6.2;
	 
	 	 	“Award” means a Conditional Award and/or a Matching Award as appropriate;
	 
	 	 	“Base Number of Shares” has the meaning given in Rule 1.6;
	 
	 	 	“Company” means Rio Tinto plc;
	 
	 	 	“Conditional Award” means a conditional right to acquire Shares granted under the Plan;
	 
	 	 	“Control” has the meaning given to it by Section 840 of the Income and Corporation Taxes Act
1988;





 





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	 	 	“Dealing Restrictions” means restrictions imposed by statute, order, regulation or
Government directive, or by the Model Code or any code adopted by the Company based on the
Model Code;
	 
	 	 	“Directors” means, subject to rule 8.4 (Directors), the board of directors of the Company or
a duly authorised committee. The Directors may delegate authority to carry out specific
tasks under these Rules to any one director or the secretary;
	 
	 	 	“Dividends”, in relation to a particular Award, means dividends on Shares (excluding any
non-ordinary dividend which the Directors determine should be excluded) the record date for
which was within the period between the grant of the Award and the day before the date on
which those Shares are registered in the name of the relevant Participant (both inclusive);





     “Expiry Date” means the tenth anniversary of the approval of the Plan by the Directors



     “Group” means:




	 	(i)	 	the Company; and
	 
	 	(ii)	 	its Subsidiaries from time to time; and
	 
	 	(iii)	 	any other company which is associated with the Company and is so designated by
the Directors;






	 	 	and “Member of the Group” shall be construed accordingly;
	 
	 	 	“Matching Award” means a right to acquire Shares granted under the Plan and linked to a
Conditional Award;
	 
	 	 	“Model Code” means the Model Code on dealings in securities set out in Listing Rule 9 annex
1, or such Code as may replace it during the life of the Plan;
	 
	 	 	“Participant” means a person holding an Award or his personal representatives;
	 
	 	 	“Plan” means these rules known as “The Rio Tinto Management Share Plan 2007” as changed
from time to time;
	 
	 	 	“Retention Period” means the period of time during which Vested Shares are to be held for
the purposes of a Matching Award;
	 
	 	 	“Shares” means fully paid ordinary shares in the capital of the Company;
	 
	 	 	“Subsidiary” means a company which is a subsidiary of the Company within the meaning of
Section 736 of the Companies Act 1985;
	 
	 	 	“Vesting” in relation to a Conditional Award or a Matching Award, means a Participant
becoming entitled to have the Shares transferred to him subject to these rules and “Vested
Shares” shall be construed accordingly;
	 
	 	 	“Vesting Condition” means any vesting condition imposed under rule 1.4 (Vesting Conditions);
	 
	 	 	“Vesting Period” means the period in respect of which a Vesting Condition is to be
satisfied.





 






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