Document:

Exhibit
4.4

IMPERIAL
TOBACCO GROUP PLC

RULES OF THE IMPERIAL TOBACCO
GROUP

LONG TERM INCENTIVE PLAN

Approved by the Company

on 14 August 1996 

(and amended by the Remuneration Committee 

on 9 October, 2 December 1996, 24 November 2000, 23 November 2001, 22 November
2002,

14 November 2003 and 28 October 2005.)

Amended by ordinary resolutions of the Company passed on 1 February, 2005 and
31 January, 2006

CONTENTS

	
  CLAUSE

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Operation of the Plan

  	
   

  	
  3

  
	
  2.

  	
   

  	
  Terms of a Conditional Award

  	
   

  	
  3

  
	
  3.

  	
   

  	
  Plan limit

  	
   

  	
  3

  
	
  4.

  	
   

  	
  Grant of Conditional Awards

  	
   

  	
  3

  
	
  5.

  	
   

  	
  Obligations of Employee

  	
   

  	
  4

  
	
  6.

  	
   

  	
  Leaving Service or Reconstruction or Takeover during
  the Performance Period

  	
   

  	
  5

  
	
  7.

  	
   

  	
  Determination of Options

  	
   

  	
  6

  
	
  8.

  	
   

  	
  Options

  	
   

  	
  6

  
	
  9.

  	
   

  	
  Exercise and lapse of Options

  	
   

  	
  7

  
	
  10.

  	
   

  	
  Reconstruction or Takeover before the Release Date -
  Lapse of Options

  	
   

  	
  8

  
	
  11.

  	
   

  	
  Capital reorganisation

  	
   

  	
  8

  
	
  12.

  	
   

  	
  General

  	
   

  	
  8

  
	
  13.

  	
   

  	
  Amendment and termination

  	
   

  	
  9

  
	
  14.

  	
   

  	
  Governing Law

  	
   

  	
  10

  

 

	
  Schedule 1

  	
   

  	
  International Rules

  	
   

  	
  10

  
	
  Appendix 1

  	
   

  	
  Australia

  	
   

  	
  11

  
	
  Appendix 2

  	
   

  	
  Belgium

  	
   

  	
  12

  
	
  Appendix 3

  	
   

  	
  France

  	
   

  	
  14

  
	
  Appendix 4

  	
   

  	
  Ireland

  	
   

  	
  16

  
	
  Appendix 5

  	
   

  	
  Netherlands

  	
   

  	
  18

  
	
  Schedule 2

  	
   

  	
  Performance condition for Conditional Awards granted
  after 28 October 2005

  	
   

  	
  21

  
	
  Schedule 3

  	
   

  	
  Individual limits on participation

  	
   

  	
  23

  

 

Definitions

Anticipated
Retirement Date” means the date on which the Committee, at the date of grant of
a Conditional Award, anticipates an Employee will retire(1).

“Certificate of
Participation” means a certificate of participation issued pursuant to Rule
4(2).

“Committee” means
the Remuneration Committee of the Board of Directors of the Company.

“Company” means
Imperial Tobacco Group PLC.

“Conditional Award”
means a conditional award to an Employee of Shares, in accordance with the
Rules.

“Control” has the
same meaning as in section 840 of the Income and Corporation Taxes Act 1988.

“Employee” means any
employee for the time being in full or part time employment of any Group
Company and any director of any Group Company who is required to devote
substantially the whole of his working time to his employment or office.

“Exercise Price”
means the nominal price payable on the exercise of an Option to be determined
by the Company or the Trustee.

“Group Company”
means the Company and any company that is under the Control of the Company and
is designated by the Committee as a participating company for the purposes of
the Plan.

“London Stock
Exchange” means the London Stock Exchange plc.

“Market Value” in
relation to a Share, means its middle market quotation (as derived from the
Daily Official List of the London Stock Exchange) on the relevant date;

“Model Code” means the
model code on directors’ and relevant employees’ dealings in securities, as set
out in the listing rules published by the UK Listing Authority.

“Option” means the
right to acquire, at the Exercise Price, that number of Shares determined under
Rule 7 (which right shall be capable of being exercised at any time before the
seventh anniversary of its grant).

(1)  Amended at the 2006 AGM (along with the
deletion of the definition of "Normal Retirement Age")

 1
 

“Option
Certificate” means a certificate issued pursuant to Rule 8(2).

“Participant”
means an Employee who has a Conditional Award or an Option (and includes the
Participant’s personal representatives where appropriate).

“Performance
Condition” means the condition or conditions determined by the Committee as
required under Rule 2 and notified to a Participant, which, until amended, will
be as set out in Schedule 2 for any Conditional Awards granted after 1 February
2005.

“Performance Period”
means the period specified in a Certificate of Participation in respect of
which a Performance Condition may be satisfied.

“Plan” means the Imperial
Tobacco Group Long Term Incentive Plan constituted by this document as may be
amended from time to time in accordance with the Rules.

“Reconstruction or
Takeover” means any takeover, merger, amalgamation or reconstruction, however
effected, including a reverse takeover, partial offer, reorganisation or scheme
of arrangement sanctioned by the court as a result of which there is a change
in Control of the Company or any compromise or arrangement sanctioned by the
Court under section 425 of the Companies Act 1985.

“Release Date” means the
seventh (7th) anniversary of the date on which an Option is granted, being the
latest date on or by which such Option may be exercised by a Participant.

“Rules” means
these rules as amended from time to time.

“Shares” means
fully paid ordinary shares in the capital of the Company.

“Tax” means any tax, duty, impost, levy charge or
royalty in the nature of tax, whether domestic or foreign, and whether or not
chargeable directly against the person concerned or any other person, and any
fine, penalty or interest connected therewith.

“Trustee” means the trustees of any trust established
by the Company or any other Group Company for the benefit of Employees.

Where the context
so admits the singular shall include the plural and vice versa and the
masculine gender shall include the feminine. 
Any reference to a statutory provision is to be construed as a reference
to that provision as for the time being amended or re-enacted.

 2
 

1.                                           Operation of the Plan

The Plan shall be operated by the Committee at any
time and at its discretion.

2.                                           Terms of a Conditional Award

On or before granting a Conditional Award the
Committee shall determine the following in relation to such Conditional Award:-

(1)          the
maximum number of Shares the subject of such Conditional Award;

(2)          the
Performance Period;

(3)          the
Performance Conditions to be satisfied in respect of the Performance Period;
and

(4)                            subject
to Rules 6 and 7, the date that the Shares the subject of such Conditional
Award shall be capable of vesting.

3.                                           Plan Limit

(1)                            The
Committee shall consider whether the Company, subject to any applicable
statutory or regulatory restrictions, should issue Shares to the Trustee or
whether the Trustee should be requested to purchase Shares in respect of
Conditional Awards.

(2)                            The
number of Shares available under the Plan on any date will be limited so that:

(i)                          the
total number of Shares acquired or that may be acquired during the period of
ten years ending on that date under the Plan and all other employees’ share
schemes established by the Company cannot exceed 10% of the issued ordinary
share capital of the Company on that date; or

(ii)                       the total
number of Shares acquired or that may be acquired during the period of five
years ending on that date under the Plan and all other employees’ share schemes
established by the Company cannot exceed 5% of the issued ordinary share
capital of the Company on that date; and

(iii)                    the total
number of Shares acquired or that may be acquired during the period of ten
years ending on that date under the Plan and all other employees’ share schemes
established by the Company  cannot exceed
5% of the issued ordinary share capital of the Company on that date, PROVIDED
THAT there shall be excluded for the purposes of this limit Shares acquired or
that may be acquired under any employees’ share scheme in circumstances where
participation is offered or extended to all or most employees of the
participating companies under that scheme.

 3
 

4.                                           Grant of Conditional Awards

(1)                            Subject
to Rule 12(5), the Committee may grant a Conditional Award at any time to any Employee
(provided that the Employee’s Anticipated Retirement Date is not within six
months of the date of grant(2) of the Conditional Award).  The Committee will, from time to time,
specify a limit that will apply to the maximum Market Value (determined at the
date of grant) of the Shares that may be made subject to a Conditional Award on
an annual basis to any Employee selected to participate.  No Conditional Award will be granted to an
Eligible Employee in excess of the specified limit without the approval of the
Committee which will normally only be in exceptional circumstances (such as on
the recruitment of a key employee). 
Unless and until amended by the Committee the limits will be as set out
in Schedule 3.

(2)                            A
Participant who is granted a Conditional Award shall receive a Certificate of
Participation (to take effect as a deed executed by the Company) as soon as
reasonably practicable following the date of grant.  The Certificate of Participation shall set
out the terms of the Participant’s Conditional Award as specified in Rule 2.

(3)                            If at
any time after the grant of a Conditional Award the Committee considers that
circumstances have arisen which would prevent the terms of the Conditional
Award (as regards the operation of the Plan generally or in respect of any
Participant) from operating fairly in accordance with the spirit of the Plan,
the Committee may vary any of those terms and specify any other terms
applicable to the operation of the Plan PROVIDED THAT any amendments made to
the Performance Condition shall, in the opinion of the Committee, ensure that
the revised Performance Condition is neither easier nor more difficult to
achieve than the original Performance Condition when first set.  The Committee shall notify Participants of
the details of any variation that affects a Participant.

5.                                           Obligations of Employee

(1)                            An
Employee who receives a Conditional Award may renounce the Conditional Award
within thirty days of the date on which it is made, in which event such
Conditional Award shall be deemed for all purposes never to have been made.

(2)                            A
Participant to whom a Conditional Award is granted (and who does not renounce
such Conditional Award) shall:

(a)                       be bound by
the terms of the Plan;

(b)                      not assign,
transfer or charge such Conditional Award or any interest in it;

(c)                       indemnify
the Company, all Group Companies and the Trustee against any liability any of
them may have to make a payment of Tax in connection with the Participant’s
participation in the Plan; and

(d)                      as
a condition of that grant agree to the collection, processing, transfer
(including to countries outside the European Economic Area) and retention of
the Participant’s personal data for use in connection with the operation of the

(2) Amended at the 2006
AGM

 4
 

Plan by a
Group Company, the Trustee and/or any third party retained by the Committee to
administer the Plan.

6.                                           Leaving Service or Reconstruction or Takeover during the Performance
Period

(1)                            Subject
to Rules 6(2) and 6(3), if a Participant ceases to be an Employee before the
expiry of the Performance Period, his Conditional Award shall immediately
lapse.

(2)                             (i)         If a Participant ceases
to be an Employee before the expiry of the Performance Period by reason of

·                                death;

·                                injury,
ill-health, or disability;

·                                redundancy;

·                                retirement
at or after contractual retirement age (unless that retirement is within six
months of the date of grant)(3);

·                                early
retirement with the agreement of his Employing Company (unless that retirement
is within six months of the date of grant)(4);

·                                the
Group Company or business in which the Participant is employed ceasing to be
under the Control of the Company, or to be owned by a Group Company; or

·                                any
other circumstances where the Committee so decides,

the
Performance Period shall be deemed to have ended as at the date on which the
Participant ceases to be an Employee (which period shall be referred to as “the
Relevant Period”) and the number of Shares to be the subject of an Option in
respect of the relevant Conditional Award shall be equal to A where A = x/yPA (the “formula”)
where:-

A
is the number of Shares to be the subject of such
Option;

PA
is the number of Shares determined by the application of the Performance
Condition to the Relevant Period;

x
is the number of days comprised in the Relevant
Period; and

y
is the total number of days which would have been comprised in the Performance
Period had the Participant not ceased to be an Employee.

(ii)                            In the case of death an
Option shall be granted to the personal representatives of the Participant in
respect of the number of Shares determined by the formula set out in this Rule
6(2) but may only be exercised by the same on the production of an Office Copy
Grant of Probate or Letters of Administration.

(3)  Amended at the 2006 AGM

(4)  Amended at the 2006 AGM

 5
 

(3)                            If a
Participant ceases to be an Employee before the expiry of the Performance
Period by reason of

·                               early
retirement with the agreement of his Employing Company (unless that retirement
is within six months of the date of grant)(5); or

·                               redundancy

the Committee may determine that the formula shall not
be applied either in whole or in part. 
However, the number of Shares to be the subject on an Option granted
under this Rule 6(3) cannot exceed that number of Shares that would have been
the subject of an Option if the formula had been applied.

(4)                            If
there is a Reconstruction or Takeover before the expiry of the Performance
Period, the Performance Period shall be deemed to have ended on the date on
which the change of Control takes effect (which period will be the Relevant
Period) and the number of Shares to be the subject of Options in respect of
Conditional Awards will be equal to A, as determined under the formula set out
in Rule 6 (2).

(5)                            If in
consequence of an offer to shareholders in the Company (or any of them) or any
scheme of reconstruction (however effected) before the expiry of the
Performance Period the Shares are to cease to be listed on the London Stock
Exchange, the Committee shall notify Participants and the Performance Period shall
be deemed to have ended on the date of such notification (which period will be
the Relevant Period) and the number of Shares to be the subject of Options in
respect of Conditional Awards will be equal to A, as determined under the
formula set out in Rule 6 (2).

7.                                           Determination of Options

(1)                            As
soon as reasonably practicable after, but in any event within 35 days of, the
date determined by the Committee for the purposes of Rule 2(4) (or, but only in
the circumstances set out in Rule 6(2), 6(3), 6(4) or 6(5), as soon as
reasonably practicable after, but in any event within 35 days of, the deemed
end of the Performance Period) an Option shall be granted to a Participant by
either the Company or the Trustee over such number of Shares the subject of the
relevant Conditional Award as is determined by the application of the
Performance Condition and, but only where required in accordance with the terms
of Rule 6(2) or 6(3), the formula.

(2)                            The
Participant shall have no further rights in respect of any Shares subject to a
Conditional Award which are not made the subject of the corresponding Option.

8.                                           Options

(1)                            If
Options are to be granted by the Trustee the Company shall advise the Trustee
of the number of Shares to be comprised in the Options to be granted and the
Release

(5)  Amended at the 2006 AGM

 6
 

Date applicable to
such Options and the Trustee shall be requested to grant Options on the basis
advised to it.

(2)                            If
Options are to be granted by the Company, Rule 8(1) shall not apply and the
Company will decide upon the number of Shares to be comprised in the Options it
is to grant and the Release Date applicable to such Options and shall grant
such Options on this basis.

(3)                            An
Option Certificate executed under seal or otherwise to take effect as a deed
specifying the number of Shares the subject of the Option, the Exercise Price
and the Release Date shall be issued to the Participant.

(4)                            The
Company, any relevant Group Company and/or the Trustee may in their absolute
discretion make such arrangements as it or they consider necessary or desirable
to meet any liability to Tax or other imposts in respect of Options granted
under the Plan.

(5)                            A
Participant to whom an Option is granted shall not assign, transfer or charge
such Option or any interest in it.(6)

9.                                           Exercise and Lapse of Options

(1)                            Save
as otherwise provided in these Rules, an Option may be exercised in whole or in
part at any time after an Option is granted pursuant to Rule 8 and until the
Release Date.

(2)                            An
Option shall be exercised by the Participant lodging with the Trustee at its
registered office (or such other address as may be notified to Participants
from time to time) a notice in such form as the Trustee may from time to time
prescribe and payment (in such manner as the Trustee shall direct) of the
Exercise Price; the date of exercise shall be the date of receipt by the
Trustee of such notice.

(3)                            Following
any exercise of an Option in part (other than an exercise which exhausts the
Option), the Participant shall be sent a new Option Certificate in respect of
the balance of Shares the subject of such Option.

(4)                            Shares
shall be transferred to a Participant as soon as reasonably practicable after
the Option is exercised.

(5)                            Shares
transferred pursuant to the Plan will rank pari passu in all respects with
Shares then already in issue except that they will not rank for any dividend or
other distribution of the Company paid or made by reference to a record date
falling prior to the date of exercise of the relevant Option.

(6) Amended by the Remuneration Committee on 28 October 2005

 7
 

10.                                     Reconstruction or Takeover before the Release Date - Lapse of Options

(1)                            If
there is a Reconstruction or Takeover Participants shall be notified and
outstanding Options must be exercised in whole or in part not later than the
earliest of:

(a)                                      the
expiry of the period of six months commencing on the date there is a change of
Control of the Company;

(b)                                     the
expiry of the period of three months commencing on the date on which the Court
sanctions a compromise or arrangement under section 425 of the Companies Act
1985;

(c)                                      the
expiry of the period during which any person becomes bound or entitled to
acquire Shares under sections 428 to 430F of the Companies Act 1985.

(2)                            If the
Shares are to cease being listed on the London Stock Exchange Participants
shall be notified and outstanding Options must be exercised in whole or in part
prior to or within six months from the date of such cessation.

(3)                            An
Option shall lapse and be of no further effect if, or to the extent that, it
shall not have been exercised by the expiry of any time limit for exercise set
out in this Rule 10, whichever shall expire first and in such circumstances the
Participant otherwise entitled thereto shall have no further claim or right
resulting from its lapse.

11.                                     Capital Reorganisation

(1)                            If
there is any capital reorganisation of the Company including a capitalisation
issue, rights issue or rights offer, consolidation or sub-division or any other
variation of share capital, or any special dividend, reconstruction or
demerger, a Conditional Award or an Option shall be adjusted in such manner as
the Company’s auditors, acting as experts and not as arbitrators, may confirm
in writing to be fair and reasonable.

(2)          Participants
shall be notified of any such adjustment.

12.                                     General

(1)                            Any
notice or other document given to any Employee or Participant pursuant to the
Plan shall be delivered to him or sent by post to him at his home address
according to the records of his employing company or such other address as may
appear to the Committee to be appropriate. Notices or other documents sent by
post shall be deemed to have been received 2 days following the date of posting
for documents posted to addresses in the United Kingdom and 7 days for documents
posted to an overseas address.  All
documents sent to or by a Participant will be sent entirely at the Participant’s
risk.

(2)                            The
decision of the Committee on any question of interpretation of the Rules or any
dispute relating to or connected with the Plan shall be final and conclusive.

 8
 

(3)                            The
costs of introducing, operating and administering the Plan shall be borne by a
Group Company.

(4)                            The
Committee shall have power from time to time to make regulations for the
administration and operation of the Plan provided that they are not
inconsistent with these Rules.

(5)                            No
Conditional Award shall be granted to an Employee or Option granted to or
exercised by a Participant on a day when the relevant individual is prohibited
from dealing (as defined in paragraph 1 of the Model Code) in Shares by the
Model Code.  The grant or exercise, as
appropriate, will be deferred until the first day on which the relevant
individual is not so prohibited.

(6)                            Nothing
in the Plan shall form part of a Participant’s contract of employment. The
rights and obligations of a Participant under the terms and conditions of his
employment by any Group Company shall not be affected by his participation in
the Plan. The Participant shall have no right to compensation or damages or any
other sum or benefit in respect of his ceasing to participate in the Plan or in
respect of any loss or reduction of any rights or expectations under the Plan
in any circumstances. An Employee who is not invited to participate in the Plan
shall have no right to compensation or damages or any other sum or benefit in
respect of his non­ participation.

(7)                            Any
benefits received under the Plan are not pensionable.

13.                                     Amendment and termination

(1)                            The
Scheme shall be administered under the direction of the Committee who may at
any time and from time to time by resolution and without other formality amend
or augment the Rules or the Scheme in any respect provided that:-

(i)                          no
amendment shall operate to affect adversely in any way any rights already
acquired by a Participant under the Plan;

(ii)                       no
amendment may be made which would, if carried out, involve the Trustee in a new
or additional obligation or liability without the prior agreement of the
Trustee; and

(iii)                    no
amendment may be made to the Rules to the advantage of Participants except with
the prior approval of the shareholders of the Company in General Meeting except
for minor amendments to benefit the administration of the Plan, to take account
of a change in legislation, to obtain or maintain favourable tax, exchange
control or regulatory treatment for Participants in the Plan or for any Group
Company.

(2)                            Notwithstanding
anything to the contrary contained herein, the Committee may at any time and
from time to time by resolution and without further formality amend the 

 9
 

Plan in such manner as the Committee may consider
necessary or desirable in order to comply with, take advantage of, or otherwise
in connection with any taxation, legal, regulatory or other rule, law,
guideline, regulation or other provision of or prevailing in any jurisdiction
in which this Plan is or is intended to be operated.

(3)                            The
limits in Rule 3(2) may not be increased without the approval of the
shareholders of the Company in General Meeting.

(4)                            No
amendment shall take effect that would cause the Plan to cease to be an “employees’
share scheme” as defined in section 743 of the Companies Act 1985.

(5)                            The
Committee shall have discretion to terminate the Plan at any time which shall
in any event terminate on 1 February 2015 but, in each case, without prejudice
to outstanding Conditional Awards or Options.

14.                                     Governing Law

The Plan is governed by English law and if there is
any conflict of laws, English law shall prevail.  All Group Companies and Participants shall
submit to the non-exclusive jurisdiction of the English Courts as regards any
matter arising under the Plan.

 10
 

SCHEDULE 1

INTERNATIONAL
RULES

The Rules of the Plan
apply in the jurisdictions specified below:

Germany

Greece

Hong Kong

Hungary

Poland

Russia

Singapore

Slovenia

Spain

Turkey

The Rules of the Plan
apply with and subject to the following amendments and provisions which have
been adopted by the Board pursuant to rule 13.2 for the purposes of the
operation of the Plan in the jurisdictions specified below:

Australia (Appendix 1)

Belgium (Appendix 2)

France (Appendix 3)

Ireland (Appendix 4)

Netherlands
(Appendix 5)

 11

APPENDIX 1

IMPERIAL TOBACCO GROUP
INTERNATIONAL

LONG TERM
INCENTIVE PLAN

The purpose of this
Appendix is to specify the terms and conditions under which the Plan is to be
modified in its application to any rights granted or to be granted under the
Plan to a person resident for tax purposes in Australia.

Words and phrases defined
in the Plan shall bear the same meaning in this Appendix 1 except as otherwise
provided.

1.                                           In
the definition of “Conditional Award” the words “a conditional award to an
Employee of Shares” shall be deleted and replaced with the words “an Option
granted”.

2.                                           The
definition of “Option” shall be deleted and replaced with the following:

‘“Option” means the right to acquire at the Exercise
Price one Share (and “Options” means a number of rights equal to the number of
Shares specified in the Certificate of Participation, each of which is a right
to acquire one Share) (and which right shall be capable of being exercised at
any time from the date specified in the Certificate of Participation until the
tenth anniversary of its grant)’;

3.                                           The
definition of “Option Certificate” shall be deleted.

4.                                           In
the definition of “Participant” the words “or an Option” shall be deleted.

5.                                           In
the definition of “Release Date” the words “seventh (7th)” shall be deleted and
replaced with the words “tenth (10th)”.

6.                                           Rule
2(4) shall be deleted and replaced with the following:

“(4)                      Subject to
Rule 6, the date from which the Options shall be capable of being exercised by
the Participant.”

7.                                           Rule
4 shall be amended as follows:

7.1                                     Rule
4(1) shall be deleted and replaced with the following:

“4(1)                  Subject to Rule
11(5), the Committee(1) may grant Options at any time to any Employee over such
number of Shares specified in Rule 2(1) (provided that the Employee’s Anticipated
Retirement Date will not arise within six months of the date of grant of the
Options(2)).  The Committee will, from
time to time, specify a limit that will apply to the maximum Market Value
(determined at the date of grant) of the Shares that may be made subject to
Options on an annual basis to any Employee 

(1)  Amended
by the Remuneration Committee on 28 October 2005

(2)  Amended at the 2006 AGM

 

 12
 

selected to
participate.  No Options will be granted
to an Eligible Employee in excess of the specified limit without the approval
of the Committee which will normally only be in exceptional circumstances (such
as on the recruitment of a key employee). 
Unless and until amended by the Committee the limits will be as set out
in Schedule 3.”(3)

7.2                                     in
the last line of Rule 4(2) insert the words “together with the Exercise Price
and the Release Date applicable to such Options.”

8.                                           In
the penultimate and final lines of the paragraph following the bullet points in
Rule 6(2)(i) the words “to be the subject of an Option in respect of the
relevant Conditional Award” shall be deleted and replaced with the words “the
subject of the Options”;

9.                                           Rule
7 shall be deleted.

10.                                     Rule
8(1), 8(2) and 8(3) shall be deleted.

11.                                     Rules
8(4), 8(5)(4), 9, 10, 11, 12, 13 and 14 and any references thereto shall be
re-numbered accordingly.

12.                                     The
re-numbered Rule 8 (Exercise and Lapse of Options) shall be amended as follows:

12.1                               Rule
8(1) shall be deleted and replaced with the following:

“8(1)                                                                  Save
as otherwise provided in these Rules, Options may be exercised over such number
of Shares the subject of such of the Options as have not lapsed following the
application of the Performance Condition and, but only where required in
accordance with the terms of Rule 6(2) or 6(3), the formula set out in such
Rule, at any time after the Performance Period and until the Release Date.”

12.2                               after
Rule 8(1) insert the following:

“8(2)                                                                  If
and to the extent that the application of the Performance Condition and, but
only where required in accordance with the terms of Rule 6(2) or 6(3), the
formula set out in such Rule results in any Options becoming incapable of being
exercised, those Options shall lapse.

8(3)                                                                        Following
any exercise or lapse of Options, the Participant shall receive a new Certificate
of Participation stating the remaining number of Options held by the
Participant.”

12.3                               Rules
8(2) to (5) and any references thereto shall be re-numbered accordingly.

12.4                               Re-numbered
Rule 8(5) shall be deleted.

(3)  Amended by the Remuneration
Committee on 28 October, 2005

(4)  Amended by the Remuneration
Committee on 28 October 2005

 

 13
 

12.5         in the first line of
re-numbered Rule 8(6) the word “the” shall be deleted and replaced with the
word “an”.

13.            Re-numbered Rule 11(5)
(General) shall be amended as follows:

13.1                               in
the first line the words “granted to or” shall be deleted and replaced with the
words “may be”.

14.                                     In
the last line of re-numbered Rule 12(5) (Amendment and Termination) the words “Conditional
Award or” shall be deleted.

 14
 

APPENDIX 2

IMPERIAL TOBACCO GROUP
INTERNATIONAL

LONG TERM
INCENTIVE PLAN

The purpose of this
Appendix is to specify terms and conditions under which the Plan is to be
modified in its application to any Conditional Award or Option granted or to be
granted to a person resident for tax purposes in Belgium.

Words and phrases defined
in the Plan shall bear the same meaning in this Appendix 2 except as otherwise
provided.

1.                                           Rule
6(2)(i) shall be amended and the words:

1.1                            in the
14th line “to be the subject of an Option in respect of” shall be deleted and
replaced with “the subject of”;

1.2                            in the
16th line “to be the subject of such Option” shall be deleted and replaced with
“the number of Shares the subject of the relevant Conditional Award”.

2.                                           Rule
6(2)(ii) shall be amended and the words:

“In the case of
death an Option shall be granted to the personal representatives of the
Participant in respect of the number of Shares determined by the formula set
out in this Rule 6(2)(ii) but may only be exercised by the same on the production
of an Office Copy Grant of Probate or Letters of Administration” shall be
deleted and replaced with the words “In the case of death the number of Shares
determined by the formula set out in this Rule 6(2) shall be transferred to the
personal representatives of the Participant on the production of an Office Copy
Grant of Probate or Letters of Administration.”

3.                                           Rule
7 shall be re-titled “Transfer of Shares”.

4.                                           Rules
7(1) and (2) shall be deleted and replaced with the following:

“7(1)                                                                    After
the date determined by the Committee for the purposes of Rule 2(4) (or, but
only in the circumstances set out in Rule 6(2), 6(3), 6(4) or 6(5), as soon as
reasonably practicable after the deemed end of the Performance Period) such
number of Shares the subject of the relevant Conditional Award, as is
determined by the application of the Performance Condition and, but only where
required in accordance with the terms of Rule 6(2) or 6(3), the formula, shall
vest in the Participant and such Shares shall be transferred as soon as
practicable to the relevant Participant.

 15
 

7(2)                                                                          The
Participant shall have no further rights in respect of any Shares subject to a
Conditional Award which do not vest in accordance with Rule 7(1).”

5.                                           Rules
8(1), (2), (3) and (5)(5) shall be deleted.

6.                                           In
Rule 8(4) the words “Options granted” shall be deleted and replaced with “the
vesting of the Conditional Award and/ or the Shares transferred” and the Rule
shall be re-numbered a new Rule 7(3).

7.                                           Rules
9(1) to (4) inclusive shall be deleted.

8.                                           Rule
9(5) shall be re-numbered a new Rule 7(4) and the wording “exercise of the
relevant Option” shall be deleted and replaced with the wording “transfer of
the Shares”.

9.                                           Rule
10 shall be deleted.

10.                                     Rules
11, 12, 13, and 14 shall be re-numbered accordingly.

11.                                     The
renumbered Rule 9(5) shall be amended and the words:

11.1                        in the first line “Option
granted to or exercised by” shall be deleted and replaced with “shall vest or
Shares be transferred to”; and

11.2                        in the fourth line “grant or
exercise” shall be deleted and replaced with “the vesting of a Conditional
Award or transfer of Shares”.

(5)  Amended by the Remuneration
Committee on 28 October 2005

 16
 

APPENDIX 3

IMPERIAL TOBACCO GROUP
INTERNATIONAL

LONG TERM
INCENTIVE PLAN

The purpose of this
Appendix is to specify terms and conditions under which the Plan is to be
modified in its application to any Conditional Award or Option granted or to be
granted to a person resident for tax purposes in France.

Words and phrases defined
in the Plan shall bear the same meaning in this Appendix 3 except as otherwise
provided.

1.                                           Rule
5(2)(c) shall be amended and the words:

“a payment of Tax in connection with his participation
in the Plan” shall be deleted and replaced by “a payment of Tax by way of
withholding in connection with his participation in the Plan”.

2.                                           Rule
6(2)(i) shall be amended and the words:

2.1                            in the
14th line “to be the subject of an Option in respect of” shall be deleted and
replaced with “the subject of”;

2.2                            in the
16th line “to be the subject of such Option” shall be deleted and replaced with
“the number of Shares the subject of the relevant Conditional Award”.

3.                                           Rule
6(2)(ii) shall be amended and the words:

“In the case of
death an Option shall be granted to the personal representatives of the
Participant in respect of the number of Shares determined by the formula set
out in this Rule 6(2)(ii) but may only be exercised by the same on the
production of an Office Copy Grant of Probate or Letters of Administration”
shall be deleted and replaced with the words “In the case of death the number
of Shares determined by the formula set out in this Rule 6(2) shall be
transferred to the personal representatives of the Participant on the
production of an Office Copy Grant of Probate or Letters of Administration.”

4.                                           Rule
7 shall be re-titled “Transfer of Shares”.

5.                                           Rules
7(1) and (2) shall be deleted and replaced with the following:

“7(1)                                                                    After
the date determined by the Committee for the purposes of Rule 2(4) (or, but
only in the circumstances set out in Rule 6(2), 6(3), 6(4) or 6(5), as soon as
reasonably practicable after the deemed end of the Performance Period) 

 17
 

such number of Shares the subject of the relevant
Conditional Award, as is determined by the application of the Performance
Condition and, but only where required in accordance with the terms of Rule
6(2) or 6(3), the formula, shall vest in the Participant and such Shares shall
be transferred as soon as practicable to the relevant Participant.

7(2)                                                                          The
Participant shall have no further rights in respect of any Shares subject to a
Conditional Award which do not vest in accordance with Rule 7(1).”

6.                                           Rules
8(1), (2), (3) and (5)(1) shall be deleted.

7.                                           In
Rule 8(4) the words “Options granted” shall be deleted and replaced with “the
vesting of the Conditional Award and/ or the Shares transferred” and the Rule
shall be re-numbered a new Rule 7(3).

8.                                           Rules
9(1) to (4) inclusive shall be deleted.

9.                                           Rule
9(5) shall be re-numbered a new Rule 7(4) and the wording “exercise of the
relevant Option” shall be deleted and replaced with the wording “transfer of
the Shares”.

10.                                     Rule
10 shall be deleted.

11.                                     Rules
11, 12, 13, and 14 shall be re-numbered accordingly.

12.                                     The
renumbered Rule 9(5) shall be amended and the words:

12.1                                                                           in
the first line “Option granted to or exercised by” shall be deleted and
replaced with “shall vest or Shares be transferred to”; and

12.2                                                                           in
the fourth line “grant or exercise” shall be deleted and replaced with “the
vesting of a Conditional Award or transfer of Shares”.

(1)  Amended by
the Remuneration Committee on 28 October 2005

 

 18
 

APPENDIX 4

IMPERIAL TOBACCO GROUP
INTERNATIONAL

LONG TERM
INCENTIVE PLAN

The purpose of this
Appendix is to specify terms and conditions under which the Plan is to be
modified in its application to any conditional award or option granted or to be
granted to a person resident for tax purposes in Ireland.

Words and phrases defined
in the Plan shall bear the same meaning in this Appendix 4 except as otherwise
provided.

1.                                           In
the definition of “Option” the word “seventh” shall be deleted and replaced by “fourth”.

2.                                           In
the definition of “Release Date” the words “seventh (7th) shall be deleted and
replaced by “fourth (4th)”.

 19
 

APPENDIX 5

IMPERIAL TOBACCO GROUP
INTERNATIONAL

LONG TERM
INCENTIVE PLAN

The purpose of this
Appendix is to specify terms and conditions under which the Plan is to be
modified in its application to any Conditional Award or Option granted or to be
granted to a person resident for tax purposes in the Netherlands.

Words and phrases defined
in the Plan shall bear the same meaning in this Appendix 5 except as otherwise
provided.

1.                                           Rule
6(2)(i) shall be amended and the words:

1.1                            in the
14th line “to be the subject of an Option in respect of” shall be deleted and
replaced with “the subject of”;

1.2                            in the
16th line “to be the subject of such Option” shall be deleted and replaced with
“the number of Shares the subject of the relevant Conditional Award”.

2.                                           Rule
6(2)(ii) shall be amended and the words:

“In the case of death an Option shall be granted to
the personal representatives of the Participant in respect of the number of
Shares determined by the formula set out in this Rule 6(2)(ii) but may only be
exercised by the same on the production of an Office Copy Grant of Probate or
Letters of Administration” shall be deleted and replaced with the words “In the
case of death the number of Shares determined by the formula set out in this
Rule 6(2) shall be transferred to the personal representatives of the
Participant on the production of an Office Copy Grant of Probate or Letters of
Administration.”

3.                                           Rule
7 shall be re-titled “Transfer of Shares”.

4.                                           Rules
7(1) and (2) shall be deleted and replaced with the following:

“7(1)                                                                    After
the date determined by the Committee for the purposes of Rule 2(4) (or, but
only in the circumstances set out in Rule 6(2), 6(3), 6(4) or 6(5), as soon as
reasonably practicable after the deemed end of the Performance Period) such
number of Shares the subject of the relevant Conditional Award, as is
determined by the application of the Performance Condition and, but only where
required in accordance with the terms of Rule 6(2) or 6(3), the formula, shall
vest in the Participant and such Shares shall be transferred as soon as
practicable to the relevant Participant.

 20
 

7(2)                                                                          The
Participant shall have no further rights in respect of any Shares subject to a
Conditional Award which do not vest in accordance with Rule 7(1).”

5.                                           Rules
8(1), (2), (3) and (5)(2) shall be deleted.

6.                                           In
Rule 8 (4) the words “Options granted” shall be deleted and replaced with “the
vesting of the Conditional Award and/ or the Shares transferred” and the Rule
shall be re-numbered a new Rule 7(3).

7.                                           Rules
9(1) to (4) inclusive shall be deleted.

8.                                           Rule
9(5) shall be re-numbered a new Rule 7(4) and the wording “exercise of the
relevant Option” shall be deleted and replaced with the wording “transfer of
the Shares”.

9.                                           Rule
10 shall be deleted.

10.                                     Rules
11, 12, 13, and 14 shall be re-numbered accordingly.

11.                                     The
renumbered Rule 9(5) shall be amended and the words:

11.1                        in the first line “Option
granted to or exercised by” shall be deleted and replaced with “shall vest or
Shares be transferred to”; and

11.2                        in the fourth line “grant or
exercise” shall be deleted and replaced with “the vesting of a Conditional
Award or transfer of Shares”.

(2) Amended by the Remuneration Committee on 28
October 2005

 

 21
 

SCHEDULE 2

PERFORMANCE CONDITION

This
Schedule 2 contains the performance conditions to which Conditional Awards
granted under the Plan after 28 October 2005(3) will be subject, unless and
until the Committee decides otherwise.

1.             Definitions

Words and expressions defined in
the rules of the Plan will have the same meaning in this Schedule 2, unless
otherwise stated.  The following
definitions will apply in this Schedule 2:

Comparator Group means:

Altadis
S.A.

Altria
Group Inc

BAT
PLC

Carlsberg
A/S

Diageo
PLC

Gallaher
Group PLC

Imperial
Tobacco Group PLC

Interbrew
SA

Pernod
Ricard S.A.

Reynolds
American Inc

SABMiller
PLC

Scottish & Newcastle PLC

FTSE 100 Index means the index of the share prices of the UK’s
100 largest companies (by market capitalisation) calculated and maintained by
FTSE International Limited.

Real Earnings Per Share (“EPS”)
Growth is the average
annual growth in the Company’s basic EPS over the Performance Period, as
adjusted over the Performance Period on a basis, confirmed as appropriate by
the auditors of the Company, for amortisation, exceptional and extraordinary
items and inflation.

TSR means the total shareholder return of a company
and will be calculated for any company:

(i)                           using the Company’s published share prices
averaged over a three month period to determine initial and closing prices
rather than those ruling on a single day; and

(ii)                        on the assumption that the cash flow of dividend
payments is recognised on the date the shares are declared “ex dividend”.

(3)  Amended by the Committee on 28 October 2005
to substitute Pernod Ricard S.A. for Allied Domecq PLC in the Comparator Group

 

 22
 

The TSR calculation for any
company will be performed by an independent consultant appointed by the
Remuneration Committee and then approved by the Remuneration Committee.

2.             Performance Condition

The Performance Condition is
split into three elements, as follows: -

2.1           First element -

50 per cent. of the Shares
subject to a Conditional Award will be subject to a performance condition based
on the Company’s Real EPS Growth.

12.5 per cent. of the Shares
subject to the first element will vest if the Real EPS Growth equals three (3)
per cent.

All of the Shares subject to the
first element will vest if the Real EPS Growth is equal to or exceeds ten (10)
per cent.

Between these two points the
Shares subject to the first element will vest on a straight-line basis.

2.2           Second element –

25 per cent. of the Shares subject
to a Conditional Award will be subject to a performance condition based on the
Company’s TSR relative to the TSRs of each of the companies comprised in the
FTSE 100 Index at the start of the Performance Period over the Performance
Period.

None of the Shares subject to
the second element will vest unless the Company’s TSR exceeds the TSR of 50 per
cent. of the companies comprised in the FTSE 100 Index.

30 per cent. of the Shares
subject to the second element will vest if the Company’s TSR would rank it as
the 50th Company by
reference to TSR performance in the FTSE 100 Index.

All of the shares subject to the
second element will vest if the Company’s TSR exceeds the TSR of 75 per cent.
of the companies in the FTSE 100 Index.

Between these thresholds the Shares
subject to the second element will vest on a straight-line basis.

2.3           Third element-

25 per cent. of the Shares
subject to a Conditional Award will be subject to a performance condition based
on the Company’s TSR relative to TSRs of each of the companies comprised in the
Comparator Group over the Performance Period.

 23
 

None of the Shares subject to
the third element will vest unless the Company’s TSR exceeds the TSR of the
bottom six companies in the Comparator Group.

30 per cent of the Shares
subject to the third element will vest if the Company’s TSR would rank sixth in
the Comparator Group.

All of the Shares subject to the
third element will vest if the Company’s TSR ranks the Company in the top three
of the Comparator Group.

Between these thresholds the
Shares subject to the third element will vest on a straight-line basis.

3.             No
re-testing

There will be no re-testing of any of the performance
conditions if they are not achieved at the end of the Performance Period.

4.             Elements
separate

Each element of the performance condition will operate
independently of the others and will be capable of vesting regardless of the
Company’s performance in respect of the other elements.

5.             Adjustments

The Committee may make any adjustments to maintain the
performance test applicable to any Conditional Award that it considers
appropriate to take account of any change to the determination of a company’s
TSR, the constituent companies in the Comparator Group or the FTSE 100 Index
over the Performance Period or any other factor it considers relevant.

6.             Committee
discretion

Following testing of the performance conditions the
Committee may vary, but not increase, the extent to which a Conditional Award
has vested to ensure that vesting will only occur and at an appropriate level
if there has been an improvement in the underlying financial performance of the
Company, including the maintenance of long-term return on capital employed.

 24
 

SCHEDULE
3

INDIVIDUAL
LIMITS ON PARTICIPATION

	
  Grade

  	
   

  	
  Maximum Value of Award

  	
   

  
	
   

  	
   

  	
  (% of base salary)

  	
   

  
	
  Chief Executive

  	
   

  	
  200

  	
   

  
	
  Finance Director

  	
   

  	
  150

  	
   

  
	
  Board Member

  	
   

  	
  100

  	
   

  
	
  Chief Executives
  Committee

  	
   

  	
  100

  	
  (4)

  
	
  Senior Management

  	
   

  	
  100

  	
  (5)

  

 

(4)  Amended by the Committee on
28 October 2005 from 50 to 100.

(5)  Amended by the Committee on 28 October 2005
from 50 to 100.

 25Exhibit
4.5

	
  

  	
   

  	
   

  

 

 

Imperial
Tobacco Group plc

The Imperial Tobacco
Group UK

Sharesave Plan

(Adopted by the Company on 1 February 2005 and approved by the Inland
Revenue on 1 March 2005 under reference number SRS2944/EJM)

CONTENTS

	
  CLAUSE

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  
	
  1.

  	
  DEFINITIONS

  	
   

  	
  1

  
	
  2.

  	
  COMMENCEMENT AND TITLE

  	
   

  	
  3

  
	
  3.

  	
  GRANT OF OPTIONS

  	
   

  	
  3

  
	
  4.

  	
  LIMITATIONS ON THE ISSUE OF SHARES

  	
   

  	
  5

  
	
  5.

  	
  EXERCISE PRICE

  	
   

  	
  5

  
	
  6.

  	
  ADJUSTMENT OF OPTIONS

  	
   

  	
  6

  
	
  7.

  	
  EXERCISE OF OPTIONS

  	
   

  	
  6

  
	
  8.

  	
  LAPSE OF OPTIONS

  	
   

  	
  8

  
	
  9.

  	
  TAKEOVER AND LIQUIDATION

  	
   

  	
  8

  
	
  10.

  	
  ALLOTMENT AND LISTING

  	
   

  	
  10

  
	
  11.

  	
  EMPLOYMENT RIGHTS

  	
   

  	
  10

  
	
  12.

  	
  ADMINISTRATION OF THE PLAN

  	
   

  	
  11

  
	
  13.

  	
  TERMINATION OF THE PLAN

  	
   

  	
  13

  

 

 

RULES OF
THE IMPERIAL TOBACCO GROUP UK SHARESAVE PLAN

1.                                           DEFINITIONS

In these Rules (unless the context otherwise requires)
the following words and expressions have the following meanings:

“Act” means the Income Tax (Earnings and Pensions) Act 2003;

“Adoption Date” means the date on which the Imperial Tobacco Group
International Sharesave Plan is adopted by the Company in general meeting;

“Application Period” means such period as the Board may determine but being
a period not less than 14 days and not more than 21 days from an Invitation
Date;

“Associated Company” has the same meaning given to it in paragraph 47 of
Schedule 3 to the Act except for the purposes of Rule 7.6 where it has the
meaning given to it by paragraph 35(4) of Schedule 3 to the Act;

“Auditors” means the auditors for the time being of the Company;

“Board” means the Board of Directors for the time being of the
Company (or the directors present at a duly convened meeting of such Board),
the Remuneration Committee of the Board or any other duly authorised committee
thereof;

“Bonus Date” means the earliest date on which a bonus is payable
under the Savings Contract;

“Commencement Date” means the date on which the Plan is approved by the Board
of Inland Revenue under Schedule 3 to the Act;

“Company” means Imperial Tobacco Group PLC;

“Continuous Service” means the aggregate amount of service with:

(a)                            any Participating Company (including service with such
company before it became a Participating Company); and

(b)                           any other company which is or was a Subsidiary
(including service with any such other company before it became a Subsidiary);

provided that:

(i)                              all such service has been continuous; and

(ii)                           in the case of an employee who is absent from such
employment for any reason for a period during which such employee’s contract of
service subsists, or by reason of maternity leave, and who then returns to such
employment, any such period of absence shall be deemed to have formed part of such
employee’s continuous service;

“Control” has the same meaning as in Section 719 of the Act;

“Date of Grant” means the date on which the Grantor passes a
resolution to grant an Option under Rule 3.4 below;

 1
 

“Eligible Employee” means any employee (including a director holding a
salaried employment or office) of a Participating Company:

(a)                            who on the relevant Date of Grant has achieved such
period of Continuous Service not exceeding five years as the Board shall on or
before the Invitation Date determine;

(b)                           whose earnings from his office or employment are (or
would be if there were any) general earnings to which section 15 to 21 of the
Act applies;

(c)                            who is not ineligible to participate in the Plan by
virtue of any of the provisions of the Act including in particular paragraph 11
of Schedule 3 to the Act; and

(d)                           who in the case only of a director holding a salaried
employment or office, usually works at least twenty-five hours per week
excluding time off permitted for meal breaks;

provided that:

(i)                              at the Invitation Date no notice of termination of
such employment has been served by either the employee concerned or his
employing Participating Company and the employee or director in question has
not ceased to hold office or employment with a Participating Company; and

(ii)                           the Board may treat any employee or director of a
member of the Group who meets requirement (c) above as an Eligible Employee;

“Employees’ Share Scheme” has the meaning given to it in section 743 of the
Companies Act 1985;

“Exercise Price” means the price per Share at which a Participant may
acquire Shares pursuant to the Plan (as determined in accordance with Rule 5);

“Grantor” means either the Board or the Trustee;

“Group” means the Company and its Subsidiaries from time to
time;

“Invitation Date” means the date upon which invitations to apply for Options
are issued by the Board, being a date within 42 days after the Commencement
Date and thereafter within 28 days after the date of public announcement of the
annual or half yearly results of the Group;

“London Stock Exchange” means London Stock Exchange plc or any successor
company or body carrying on the business of London Stock Exchange plc;

“Option” means a right granted pursuant to the Plan to acquire
Shares;

“Participant” means a person who holds a Subsisting Option or (where
the context admits) his personal representatives;

“Participating Company” means any member of the Group which the Board has
designated as such for the time being;

“Plan” means the Imperial Tobacco Group UK Sharesave Plan as
amended from time to time;

“Repayment” means in relation to a Savings Contract, the amount of
the contributions repayable and, where relevant, of any bonus and/or interest
payable on the termination of the Savings Contract;

 2
 

“Rules” means these rules as from time to time amended in
accordance with their provisions by the Board or by the Company;

“Savings Contract” means a certified contractual savings scheme within
the meaning of Section 326 of the Income and Corporation Taxes Act 1988 and
which has been approved by the Inland Revenue for the purposes of Schedule 3 to
the Act;

“Schedule 3” means Schedule 3 to the Act;

“Scheme-Related Employment” means the office or employment by virtue of which a
Participant is eligible to participate in the Plan;

“Share” means a fully paid ordinary share in the capital of the
Company which satisfies paragraphs 18 to 22 of Schedule 3;

“Specified Age” means 60;

“Subsidiary” means a subsidiary of the Company as defined in
Section 736 of the Companies Act 1985 over which the Company has Control;

“Subsisting Option” means an Option to the extent that it has neither
lapsed nor been exercised;

“Trustee” means the trustee or trustees for the time being of
any employee trust established by the Company wholly or partly for the benefit
of all or most of the persons for the time being employed or holding office
with the Group or any Participating Company or Companies which has been
designated by the Board as a trust out of which Options may be granted.

Where the context so permits the singular shall
include the plural and vice versa and the masculine gender shall include the
feminine.  Any reference to a statutory
provision includes a reference to that provision as for the time being amended
or re-enacted and shall include any regulations or other subordinate
legislation made under it.

2.                                           COMMENCEMENT AND TITLE

The Plan shall commence on the Commencement Date and
shall be known as The Imperial Tobacco Group UK Sharesave Plan.

3.                                           GRANT OF OPTIONS

3.1                                     On or prior to an Invitation Date, the Grantor in its
absolute discretion may decide:

(a)                            whether to invite applications for the grant of
Options.  Such invitations shall be
issued in such form as the Board may prescribe from time to time including by
way of electronic communication; and

(b)                           whether to invite applications for three year Options
or five year Options (or whether to offer Eligible Employees a choice); and

(c)                            whether the Repayment shall be taken as including a
bonus.

3.2                                     Where applications are invited, such invitations shall
be sent to all Eligible Employees and shall state:

(a)                            the Exercise Price or the method by which the Exercise
Price for the Shares will be notified to Eligible Employees; and

 3
 

(b)                           the date being the last day of the Application Period
by which applications for the grant of Options must have been received by the
Board or such person as the Board may direct being not less than 14 nor more
than 21 days after the Invitation Date except in exceptional circumstances as
determined by the Board; and

(c)                            whether application may be made for three year Options
or five year Options.

PROVIDED THAT any accidental failure or omission to
deliver an invitation to an Eligible Employee shall not invalidate the grant of
an Option to any other Eligible Employee.

3.3                                     Applications for Options under the Plan shall be in
such form as the Board may prescribe from time to time and each:

(a)                            must be accompanied by a duly completed application
form to enter into a Savings Contract under which the applicant agrees to make
in multiples of £5 per month such specified contributions being not less than
£5 per month nor (when aggregated with contributions made under any other
savings contract linked to a savings-related share option scheme approved under
Schedule 3) more than £250 per month (or such other amounts as may from time to
time be permitted under the Savings Contract) as shall secure on the Bonus
Date, as nearly as may be, Repayments of an amount equal to that for which
Shares may be acquired under his Option if exercised in full; and

(b)                           shall empower the Grantor or any person authorised by
it:

(i)                              to amend the amount of the specified contribution
referred to in Rule 3.3(a) above to such lesser sum as shall secure on the
Bonus Date, as nearly as may be, Repayments of an amount equal to that for
which Shares may be acquired by the Participant in the event that the number of
Shares for which an Eligible Employee applies for an Option has to be reduced
in accordance with Rule 3.4 below; and

(ii)                           to deduct from the Participant’s pay such contribution
as shall be specified by the Participant pursuant to Rule 3.3(a) or as may be
amended pursuant to Rule 3.3(b)(i) above and pay the same on behalf of the
Participant in discharge of the Participant’s obligations under the Savings
Contract; and

(c)                            must state whether the application is for a three year
Option or a five year Option.

3.4                                     Within 30 days or, in exceptional circumstances, such
longer period as may have been agreed previously in writing with the Inland
Revenue, of the date pursuant to Rule 5.1(a) by reference to which the Exercise
Price was determined or in a case where the number of shares over which Options
are to be granted is determined by Rule 3.4(b) below, within 42 days of such
date and subject to the limitations and conditions contained in the Plan,
Options shall by resolution of the Grantor be granted to the Eligible Employees
who have applied for them in accordance with the following provisions:

(a)                            Options shall be granted to the Eligible Employees in
respect of all the Shares applied for by them, save that :

(b)                           where the Board in its discretion considers that it is
desirable to limit the number of Shares in respect of which Options are granted
in relation to any invitation and applications are received which would, if met
in full, exceed that limit, then the following steps shall be carried out
successively to the extent necessary to eliminate the excess over the limit
imposed;

(i)                              the excess over £5 of the monthly savings contribution
chosen by each applicant shall be reduced pro rata to the extent necessary;

 4
 

(ii)                           applications will be selected by lot, each based on a
monthly savings contributions of £5 and the inclusion of no bonus in the
Repayment under the Savings Contract.

3.5                                     No payment will be required from a Participant on the
grant of an Option.  Each Participant
will be issued with a certificate in the form from time to time agreed with the
Inland Revenue.

3.6                                     No Option shall be capable of being transferred by a
Participant.

3.7                                     No Option shall be granted more than ten years after
the Adoption Date.

3.8                                     The number of Shares over which an Option is granted
to any Eligible Employee must be so limited that the aggregate of the Exercise
Price for those Shares does not exceed the Repayment under the Savings Contract
entered into on the grant of such Option.

3.9                                     For the purposes of Rules 3.1 and 3.2 above, an
invitation shall be sufficiently given if delivered to an Eligible Employee
personally or sent to him at his place of work by electronic mail or facsimile
transmission or sent by prepaid post addressed to the Eligible Employee at his
address last known to the Company (including any address supplied by the
relevant Participating Company or any Subsidiary as being his address) or sent
through the Company’s internal postal service and such application made
pursuant to an invitation shall be sufficiently given if returned to the
Company in person or its duly appointed agent or sent by electronic mail or
facsimile transmission to the Company or its duly appointed agent or sent by
prepaid post addressed to the Company or returned to the Company through the
Company’s internal postal service duly completed by the Eligible Employee on or
before such date as shall be specified in the invitation but in any event no
application shall be duly received until the original signed application is
actually received by the Company or its duly appointed agent prior to the expiry
of the Application Period (unless the Company directs otherwise).

4.                                           LIMITATIONS ON THE ISSUE OF SHARES

4.1                                     Subject to Rule 6 below, no Option shall be granted on
any Date of Grant or proposed Date of Grant if, as a result:

(a)                            the total number of Shares acquired or which may be
acquired during the ten years preceding such Date of Grant under this Plan and
under all other Employees’ Share Schemes established by the Company would exceed
ten per cent. of the issued ordinary share capital of the Company on that Date
of Grant; or

(b)                           the total number of Shares acquired or which may be
acquired during the preceding five years under the Plan and under all other Employees’
Share Schemes established by the Company would exceed five per cent. of the
issued ordinary share capital of the Company on that Date of Grant;

PROVIDED that, for the avoidance of doubt, Shares
which shall have been the subject of grants which lapse shall not be taken into
account for the purposes of this Rule 4.

5.                                           EXERCISE PRICE

5.1                                     Subject to Rule 6 below the Exercise Price shall be
such amount as the Board shall determine being an amount not less than the
greater of:

(a)                            subject to Rule 5.2, 80 per cent. of the middle market
quotation per Share as derived from the Daily Official List of the London Stock
Exchange for the dealing day immediately preceding the Invitation Date; and

(b)                           in the case of an Option to subscribe for Shares, the
nominal value of a Share.

 5
 

5.2                                     For the purposes of an Option granted at any other
time at which there shall be no dealings in the Shares, the Exercise Price
shall be not less than 80 per cent. of such sum as may be agreed by the Inland
Revenue in advance for the purposes of the Plan to be the market value of a
Share in accordance with Part VIII of the Taxation of Chargeable Gains Act
1992.

6.                                           ADJUSTMENT OF OPTIONS

6.1                                     In the event of any variation in the share capital of
the Company whether by way of capitalisation of profits or reserves or by way
of rights or any consolidation or sub-division or reduction of capital, or
otherwise, then the number and the nominal value of Shares subject to any
Subsisting Option, the Exercise Price and, where an Option has been exercised
but, as at the date of the variation of capital referred to above, no Shares
have been allotted or transferred pursuant to such exercise, the number of
Shares which may be so allotted or transferred and the price at which they may
be acquired, may be adjusted by the Board in such manner and with effect from
such date as the Board may determine to be appropriate provided always that:

(a)                            any such adjustment shall not take effect without the
prior approval of the Board of Inland Revenue;

(b)                           no such adjustment shall take effect until it has been
referred to the Auditors and the Auditors have certified in writing to the
Board that the adjustment is fair and reasonable in their opinion;

(c)                            the Exercise Price of an Option to subscribe for
Shares shall not be adjusted below the nominal value of a Share unless and to
the extent that:

(i)                              the Board is authorised to capitalise from the
reserves of the Company a sum equal to the amount by which the nominal value of
the Shares subject to the Option exceeds the aggregate adjusted Exercise Price;
and

(ii)                           the Board shall resolve to capitalise and apply such
sum on exercise of that Option.

7.                                           EXERCISE OF OPTIONS

7.1                                     An Option shall be exercisable during the period
mentioned in Rule 7.3 below in respect of all or some of the Shares over which
it was granted by the Participant completing a written notice in the prescribed
form on the reverse of the certificate issued to the Participant under Rule 3.5
specifying the number of Shares in respect of which the Option is exercised
together with a remittance for that number of Shares calculated by reference to
the Exercise Price. The date of exercise of the Option shall be the date of
receipt by the Company or the Trustee (acting as agent of the Company) of such
notice and payment.

7.2                                     It is a condition of the exercise of an Option under
the Plan that payment for the Shares shall be made only with monies not
exceeding the amount of the Repayment to the Participant under the Savings
Contract to which he has contributed in relation to the Option.  If upon the exercise of an Option the
Repayment then due to a Participant under his Savings Contract is less than the
amount required to pay for all the Shares in respect of which it is purportedly
exercised, the Option shall be treated as exercised only in respect of such
number of Shares as may be acquired by the amount of the Repayment and shall
lapse as to the excess.

7.3                                     Save as otherwise provided, an Option may not be
exercised until the Bonus Date.  Subject
only to the provisions of Rule 7.8 below, no Option may be exercised later than
six months after the Bonus Date.

 6
 

7.4                                     Notwithstanding any other provision hereof no Option
may be exercised at any time when the person seeking to exercise it is excluded
from participation in this Plan by virtue of either of paragraphs 10 and 11 of
Schedule 3.

7.5                                     An Option shall cease to be exercisable upon the
Participant ceasing to hold Scheme-Related Employment except where his so
ceasing is by reason of:

(a)                            his retirement on reaching the Specified Age or such
other age at which he is bound to retire in accordance with the terms of his
employment; or

(b)                           injury, disability or redundancy within the meaning of
the Employment Rights Act 1996 or his office or employment either being in a
company which ceases to be a Subsidiary or relating to a business or part of a
business which is transferred to a person who or which is neither a Subsidiary
nor a Participating Company; or

(c)                            his leaving service at any time other than at a time
specified in Rule 7.5(a) or (b) above, provided that such event occurs not
earlier than three years from the Date of Grant of the Option;

in any of which circumstances the Option may be
exercised at any time during the period of six months from the date on which he
so ceases to be an employee or director of any member of the Group
notwithstanding that the Bonus Date shall not have occurred.

7.6                                     For the purposes of Rule 7.5, if, at the Bonus Date, a
Participant holds Scheme-Related Employment in a company which is not a
Participating Company but which is:

(a)                            an Associated Company of the Company, or

(b)                           a company of which the Company has Control,

the Participant may exercise his Option within six
months of that Bonus Date.

7.7                                     For the purposes of Rules 7.5 and 7.6 above and Rule 9
below (but for no other purpose):

(a)                            a Participant shall not be regarded as ceasing to hold
Scheme-Related Employment by reason of:

(i)                              his being or becoming employed by a company which
ceases to be or is not a Participating Company but is nevertheless an
Associated Company or is under the Control of the Company; or

(ii)                           his ceasing to be employed full-time but continuing to
be employed on a part-time basis; and

(a)                            a Participant shall be regarded as ceasing to hold
office or employment when he holds no employment with the Company, any Associated
Company and any company Controlled by the Company.

7.8                                     In the event of the death of a Participant prior to
the Bonus Date the Option may be exercised by his personal representatives at
any time during the period of twelve months commencing on the date of his death
(but not later) and the personal representatives shall be entitled to do so
notwithstanding that the Bonus Date has not occurred and in the event of the
death of a Participant within six months commencing on the Bonus Date his
personal representatives may exercise the Option at any time within twelve
months commencing on the Bonus Date PROVIDED THAT such personal representatives
shall not be entitled to exercise the Option if at the date of the Participant’s
death the Participant was precluded from exercising the Option by reason of
either of paragraphs 10 and 11 of Schedule 3.

 7
 

7.9                                     A Participant who reaches the Specified Age prior to
the Bonus Date but continues to hold the office or employment by virtue of
which he is eligible to participate in the Plan may exercise the Option within
six months after the date of his reaching the Specified Age.

7.10                               If an Option becomes exercisable under any provision
of the Plan before the Bonus Date it shall be exercisable only over the number
of Shares the aggregate Exercise Price of which equals (as nearly as may be)
but does not exceed the Repayment made under the Savings Contract entered into
on the grant of that Option but excluding any contributions made directly by
the Participant except to the extent that such are:

(a)                            made pursuant to any special arrangements relating to
absence from employment; or

(b)                           made at the same rate of contribution and at the same
intervals as those contributions previously deducted from his salary pursuant
to the provisions of Rule 3.3(b)(ii) between the date of the Participant
ceasing to be employed by the Group and the date on which the Option is
exercised;

and the Option shall cease to be exercisable over any
Shares in excess of that number in respect of which it was granted.  For the avoidance of doubt, any Repayment
under the Savings Contract shall exclude the Repayment of any contributions
made in advance under the Savings Contract the due date for payment of which
falls or would have fallen more than one month after the date on which
Repayment is made.

7.11                               An Option shall be exhausted and automatically
cancelled immediately after it is first exercised notwithstanding that it shall
not have been exercised in respect of all of the Shares over which the Option
was granted.

8.                                           LAPSE OF OPTIONS

8.1                                     A Participant’s Option shall lapse and cease to be
exercisable:

(a)                            upon the expiry of any of the periods for exercise
under the provisions of Rule 7 (with the exception of paragraph 7.9 thereof)
above and Rule 9 below, whichever shall first occur; or

(b)                           if the Participant omits seven or more times to make a
monthly payment due under his Savings Contract or gives notice under the
Savings Contract requiring Repayment before the Bonus Date unless such
non-payment or notice is in consequence of his ceasing to be an Eligible
Employee by virtue of one of the causes mentioned in Rule 7.5, Rule 7.6, Rule
7.8 or Rule 7.9 above or in the circumstances of Rule 9 below.

9.                                           TAKEOVER AND LIQUIDATION

9.1                                     If any person obtains Control of the Company as a
result of making:

(a)                            a general offer to acquire the whole of the issued
share capital of the Company which is made on a condition such that if it is
satisfied the person making the offer will have Control of the Company; or

(b)                           a general offer to acquire all the shares in the
Company which are of the same class as the Shares;

then any Subsisting Option may subject to Rule 9.4 below
be exercised within six months of the time when the person making the offer has
obtained Control of the Company and any condition subject to which the offer is
made has been satisfied.

 8
 

9.2                                     If under Section 425 of the Companies Act 1985 the
Court sanctions a compromise or arrangement proposed for the purposes of or in
connection with a scheme for the reconstruction of the Company or its
amalgamation with any other company or companies, any Subsisting Option may
subject to Rule 9.4 below be exercised within six months of the Court
sanctioning the compromise or arrangement.

9.3                                     If any person becomes bound or entitled to acquire
shares in the Company under Sections 428 to 430 of the Companies Act 1985 any
Subsisting Option may subject to Rule 9.4 below be exercised at any time when
that person remains so bound or entitled.

9.4                                     If as a result of the events specified in Rule 9.1 or
Rule 9.2 above a company has obtained Control of the Company, or if a company
has become bound or entitled as mentioned in Rule 9.3 above, any Participant
may by agreement with that other company (the “Acquiring Company”) within the relevant
appropriate period as set out in paragraph 38(3) of Schedule 3 (the “Appropriate
Period”) release any Subsisting Option of his in consideration of the grant of
a new Option (the “New Option”) which satisfies the following conditions:

(a)                            the New Option shall be over shares in the Acquiring
Company or another company which satisfies paragraph (b) or (c) of Paragraph 18
of Schedule 3 in relation to the Acquiring Company and shall satisfy the
conditions specified in paragraphs 18 to 22 inclusive of Schedule 3;

(b)                           the New Option shall be a right to acquire such number
of such shares in the Acquiring Company (or such other company) as shall have
on the grant of the New Option an aggregate market value equal to the aggregate
market value of the Shares subject to the Option immediately before its release
and for this purpose market value shall be ascertained by the application of
Rule 5.1(a) as at the date of release of the Option and grant of the New
Option;

(c)                            the New Option shall have an Exercise Price such that
the aggregate price payable on complete exercise equals the aggregate price
which would have been payable on complete exercise of the Option; and

(d)                           the New Option shall be otherwise identical in terms
to the Option

AND the New Option shall, for all other purposes of
this Plan, be treated as having been acquired at the same time as the Option in
consideration of the release of which it is granted.  With effect from the release of any Option
pursuant to this Rule 9, Rules 6, 7.1 and 7.2, this Rule 9 and Rule 10 of this Plan
shall in relation to the New Option be construed as if references therein to “the
Company” were references to the Acquiring Company or, as the case may be, such
other company and all the Rules (other than Rules 3 to 5 inclusive) shall in
relation to the New Option be construed as if references therein to Shares were
references to shares in the Acquiring Company or, as the case may be, such
other company in respect of whose shares the New Option is granted.

9.5                                     If the Company passes a resolution for voluntary
winding up, any Subsisting Option may be exercised within six months of the
passing of the resolution.

9.6                                     For the purposes of this Rule 9 (other than Rule 9.4 above)
a person shall be deemed to have obtained Control of a Company if he and others
acting in concert with him have together obtained Control of it.

9.7                                     The exercise of an Option pursuant to the preceding
provisions of this Rule 9 shall be subject to the provisions of Rule 7 above.

9.8                                     Any Option shall lapse if:

 9
 

(a)                            it shall not have been exercised by the expiry of any
time limit for exercise set out in this Rule 9, whichever shall expire
first;  and

(b)                           no agreement for the release of the Option shall have
been entered into by the expiry of the first Appropriate Period to commence
pursuant to Rule 9.4 above.

10.                                     ALLOTMENT AND LISTING

10.1                               Subject to receipt of the appropriate remittance:

(a)                            Shares to be issued pursuant to the exercise of an
Option will be allotted not later than 30 days after the exercise of the Option
and will rank pari passu in all respects with the Shares in issue on the date
of exercise save that they will not rank for any dividend or other distribution
paid or made by reference to the date (known as the record date) on which
entitlement to the dividend or distribution is fixed by reference to the
Company’s register of members if that date falls prior to the date of exercise
of the Option; and

(b)                           in the case of Shares to be transferred pursuant to
the exercise of an Option, the Grantor shall transfer or procure that the
Shares shall be transferred within 30 days after exercise of the Option, save
that such Shares will not rank for any dividend or other distribution paid or
made by reference to the date (known as the record date) on which entitlement
to the dividend or distribution is fixed by reference to the Company’s register
of members if that date falls prior to the date of exercise of the Option.

10.2                               If the Shares are listed on the London Stock Exchange
at the date of allotment of any Shares pursuant to the Plan the Company will
apply to the London Stock Exchange for permission for such Shares so allotted
to be admitted to the Official List.  An
application may be postponed at the discretion of the Board until application can
be made in respect of such number of Shares as the Board considers appropriate.

11.                                     EMPLOYMENT RIGHTS

11.1                               This Plan shall not form part of any contract of
employment between any member of the Group and any employee of any such company
and the rights and obligations of any individual under the terms of his office
or employment with any member of the Group shall not be affected by his
participation in the Plan or any right which he may have to participate therein

11.2                               Participation in the Plan shall be on the express
condition that:

(a)                            neither it nor cessation of participation shall afford
any individual under the terms of his office or employment with any member of
the Group any additional or other rights to compensation or damage; and

(b)                           no damages or compensation shall be payable in consequence
of the termination of such office or employment (whether or not in
circumstances giving rise to a claim for wrongful or unfair dismissal) or for
any other reason whatsoever to compensate him for the loss of any rights the
Participant would otherwise have had (actual or prospective) under the Plan
howsoever arising but for such termination; and

(c)                            the Participant shall be deemed irrevocably to have
waived any such rights to which he may otherwise have been entitled

11.3                               No individual shall have any claim against a member of
the Group arising out of his not being admitted to participation in the Plan
which (for the avoidance of any doubt) is governed entirely by the Rules.

 10

11.4                               No Participant shall be entitled to claim compensation
from any member of the Group in respect of any sums paid by him pursuant to the
Plan or for any diminution or extinction of his rights or benefits (actual or
otherwise) under any Option held by him consequent upon the lapse for any
reason of any Option held by him or otherwise in connection with the Plan and
each member of the Group shall be entirely free to conduct its affairs as it
sees fit without regard to any consequences under, upon or in relation to the Plan
or any Option or Participant.

11.5                               By accepting the grant of an Option under the Plan,
the Eligible Employee shall authorise and consent to the collection,
processing, transfer and retention of his personal data for use in connection
with the operation and implementation of the Plan by the Company, any Member of
the Group, the Trustee and/or any third party as may be retained by the Board
from time to time to administer the Plan.

12.                                     ADMINISTRATION OF THE PLAN

12.1                               The Board may make and vary such regulations (not
being inconsistent with the Plan) as it thinks fit for the administration and
implementation of the Plan.  The Board’s
decision on any matter concerning the Plan or its interpretation (including the
rectification of errors or mistakes of procedure or otherwise) (other than a
matter to be certified by the Auditors) shall be final and binding.  In any matter in which they are required to
act hereunder, the Auditors shall be deemed to be acting as experts and not as
arbitrators and their decisions shall be binding and final.

12.2                               The Board shall be entitled by resolution to amend all
or any of the provisions of the Plan as the Board thinks fit except that no
alteration shall be made:

(a)                            to the advantage of Participants to any of the provisions
of the Plan relating to:

(i)                              eligibility;

(ii)                           the limitations on the number or amount of Shares,
cash or other benefits subject to the Plan;

(iii)                        the maximum entitlement of any one Participant;

(iv)                       the basis for determining a Participant’s entitlement
to, and the terms of, Shares, cash or other benefits to be provided under the
Plan and for the adjustment thereof (if any) in the event of a capitalisation
issue, rights issue or open offer, sub-division or consolidation of Shares or
reduction of capital or any other variation of capital.

without the prior sanction of an ordinary resolution
of the Company in general meeting except for minor amendments to benefit the
administration of the Plan and amendments to obtain and maintain favourable
tax, exchange control or regulatory treatment for Participants in the Plan or
for any member of the Group;

(b)                           to any rights already accrued to any Participant which
would be to the disadvantage of such Participant, without the prior consent of the
majority of the affected Participants;

(c)                            in relation only to Options to purchase Shares,
without the prior consent of the Trustee; or

(d)                           to a key feature (as that term is defined in paragraph
42(2B) of Schedule 3 to the Act) of the Plan at any time at which the Plan is
and is intended to remain Inland Revenue approved without the prior approval of
the Inland Revenue and the Inland Revenue shall be informed as soon as
practicable of any unapproved amendment as a result of which the Plan stands to
lose approval;

 11
 

unless, in any such case, the alteration is necessary
to comply with any legislation for the time being in force or with any
conditions requisite to obtain or to maintain approval of the Inland Revenue
for the Plan AND provided that, at any time at which the Plan is and is
intended to remain so approved by the Inland Revenue, no amendment to a key
feature of the Plan shall take effect unless and until such amendment shall
have been approved by the Inland Revenue.

12.3                               Unless otherwise provided in these Rules, any notice
or other communication under or in connection with the Plan may be given:

(a)                            by the Company to an Eligible Employee or Participant
either personally or sent to him at his place of work by electronic mail or by
post addressed to the address last known to the Company (including any address
supplied by the relevant Participating Company or any Subsidiary) or sent
through the Company’s internal postal service; and

(b)                           to the Company either personally or by post to the
Company Secretary (or its duly appointed agent).

Items sent by post shall be pre-paid and shall be entirely
at the Eligible Employee’s risk.  Any
notice or other communication to the Company shall not be deemed to have been duly
received until it is actually received by the Company or its duly appointed
agent (unless the Company directs otherwise).

12.4                               The Company shall bear the costs of setting up and
administering the Plan.  However, the
Company may require any Participating Company to reimburse the Company for any
costs borne by the Company directly or indirectly in respect of such
Participating Company’s officers or employees.

12.5                               The Company shall maintain all necessary books of
account and records relating to the Plan.

12.6                               The Board shall be entitled to authorise any person to
execute on behalf of a Participant, at the request of the Participant, any
document relating to the Plan, in so far as such document is required to be
executed pursuant hereto.

12.7                               If any Option Certificate shall be worn out, defaced
or lost, it may be replaced on such evidence being provided as the Board may
require.

12.8                               Written notice of any alteration made in accordance
with Rule 12.2 shall be given to all Participants.

12.9                               The Company shall keep available sufficient issued
and/or unissued Shares in the capital of the Company to satisfy the exercise in
full of all Options for the time being remaining capable of being exercised.

12.10                         Participants shall be sent copies of any document
having a material effect on their rights at the same time as such document is
sent to holders of Shares.

12.11                         The provisions of the Company’s Articles of
Association for the time being in force with regard to the service of notices
upon members of the Company shall apply mutatis mutandis to any notice to be
given by the Company to Participants. 
Any notice to be given by the Trustee to any Participant or Eligible
Employee shall be sufficiently given if sent to his home address or place of
work as last reported in writing to the Trustee by the Company.

12.12                         Notwithstanding anything to the contrary contained
herein the Board may at any time and from time to time by resolution and
without further formality amend the Plan in any way to the extent necessary to
render the Plan capable of approval by the Board of Inland

 12
 

Revenue or any other governmental or other regulatory
body pursuant to any present or future United Kingdom legislation.

12.13                         The Plan shall be subject to, governed by and construed
in accordance with English law.

13.                                     TERMINATION OF THE PLAN

The Plan may be terminated at any time by the Board or
by the Company in general meeting but in any event shall terminate on the tenth
anniversary of the Adoption Date and on such termination no further Options
shall be granted, but the subsisting rights of Participants shall not be affected
by such termination.

 13
 

SPECIMEN

THE IMPERIAL TOBACCO GROUP

UK SHARESAVE PLAN

OPTION CERTIFICATE

	
  Name of Option Holder

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address                                                                                           
  of                                                                                 Option

  
	
  Holder

  	
   

  	
   

  
	
   

  
	
   

  
	
   

  
	
   

  	
  Post Code

  
	
   

  	
   

  
	
  Option
  Certificate Number 

  	
   

  	
   

  
	
   

  
	
  Number of shares
  granted under this option 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date of grant 

  	
   

  	
   

  
						

 

This
is to certify that the above named person was on the above date granted an
option as specified for ordinary shares of [  ]p each in the capital
of Imperial Tobacco Group PLC (the “Company”) at an exercise price of [     ]p
per share upon and subject to the terms of The Imperial Tobacco Group
International Sharesave Plan adopted by a resolution of Imperial Tobacco Group
PLC in general meeting on [·].

Signed
on behalf of

	
  

  	
  Director

  	
   

  	
  Secretary

  

 

 

	
  NOTES:

  	
   

  	
  (1)

  	
   

  	
  The option cannot be assigned or transferred.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (2)

  	
   

  	
  In order to exercise your option please complete the
  Form of Exercise printed overleaf and send it together with a cheque for the
  relevant exercise price of the shares and evidence of the amount repaid under
  your Sharesave contract to the Company Secretary of the Company.

  

 

THIS
DOCUMENT MUST BE RETAINED.  PLEASE KEEP
IT IN A SAFE PLACE.  This certificate is
issued as a matter of record only and is not a document of title.

 14
 

SPECIMEN

[Reverse of Certificate]

THE IMPERIAL TOBACCO GROUP

UK SHARESAVE PLAN

FORM OF EXERCISE OF OPTION

	
  To:

  	
   

  	
  The Company Secretary

  
	
   

  	
   

  	
  Imperial Tobacco Group PLC

  

 

(In
order to exercise your option you should complete, sign and return this
document to the Company Secretary at the above address.)

1.                                           I wish to exercise the option referred to on the
reverse Option Certificate in respect of [           ] ordinary shares.  (Insert the number of shares in respect of
which the option is exercised.  If you do
not wish to exercise the option for all the shares shown on the attached
certificate you may exercise options for a lesser number.

2.                                           I enclose a cheque for £                   in
favour of Imperial Tobacco Group PLC being the total exercise price payable
under this option for the above specified number of ordinary shares together
with evidence of the amount repaid to me under my savings contract.

Personal
Details

	
  SURNAME

  	
  MR/MRS/MISS/MS.

  
	
   

  	
   

  
	
  FIRST NAMES

  	
   

  
	
   

  
	
  HOME ADDRESS.

  	
   

  
	
   

  
	
   

  
	
   

  	
  POST CODE

  
	
   

  
	
  SIGNATURE

  	
   

  	
   

  	
  DATE

  	
   

  
									

 

NOTE:                                                          This option may be exercised only by the person to
whom it was granted or their personal representative(s).

IF
YOU ARE IN ANY DOUBT, PLEASE CONTACT YOUR/THE PLAN ADMINISTRATOR

 15

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