Document:

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                                                                   EXHIBIT 4.5.1

                                 KIMBERLY-CLARK

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                                 KIMBERLY-CLARK

                                    SHAREPLUS

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                                 BACON & WOODROW
                             ACTUARIES & CONSULTANTS

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                                 KIMBERLY-CLARK

                                    SHAREPLUS

                                    CONTENTS

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<S>                                                                                                         <C>
1      DEFINITIONS...........................................................................................3

2      INVITATIONS TO ACQUIRE PARTNERSHIP SHARES.............................................................7

3      ACQUISITION OF PARTNERSHIP SHARES.....................................................................9

4      CESSATION OF EMPLOYMENT..............................................................................10

5      AWARD OF MATCHING SHARES.............................................................................11

6      TRANSFER OF MATCHING SHARES..........................................................................12

7      CESSATION OF EMPLOYMENT AND WITHDRAWAL OF MATCHING SHARES FROM THE PLAN..............................12

8      REINVESTMENT OF DIVIDENDS............................................................................13

9      TRANSFER OF DIVIDEND SHARES..........................................................................13

10     CESSATION OF EMPLOYMENT AND WITHDRAWAL OF DIVIDEND SHARES FROM THE PLAN..............................13

11     ACQUISITION OF SHARES FOR AWARD......................................................................14

12     ISSUE OF SHARES AND DIVIDENDS........................................................................14

13     TAKEOVERS............................................................................................15

14     TAX AND SOCIAL SECURITY..............................................................................15

15     STAMP DUTY...........................................................................................15

16     DISPUTES.............................................................................................16

17     RIGHTS ON TERMINATION OF EMPLOYMENT..................................................................16

18     ADMINISTRATION AND ALTERATIONS.......................................................................16

19     ERRORS AND OMISSIONS.................................................................................17

20     NOTICES..............................................................................................17

21     GENERAL..............................................................................................18

22     GOVERNING LAW........................................................................................18

SCHEDULE - BELGIUM..........................................................................................19

SCHEDULE - ITALY............................................................................................20

SCHEDULE - UK TOP-UP........................................................................................21
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                           KIMBERLY-CLARK SHAREPLUS

This Plan entitled 'Kimberly-Clark Shareplus' is designed for operation in
European countries and is amended by a schedule attached to the Plan making the
variations which apply in particular European countries. Where no schedule is
attached for a particular country, the Rules of the Plan apply without
amendments.

1 DEFINITIONS

In these Rules the following words and expressions shall, where the context so
permits, have the meanings set forth below:

"ACQUISITION DATE"                      the date on which Partnership Shares are
                                        acquired on behalf of Participants in
                                        accordance with Rule 3 of the Plan;

"AWARD DATE"                            (1) in relation to Matching Shares, the
                                        date on which Matching Shares are
                                        awarded to Participants in accordance
                                        with Rule 5 of the Plan; and

                                        (2) in relation to Dividend Shares, the
                                        date on which the Dividend Shares are
                                        awarded to Participants in accordance
                                        with Rule 8 of the Plan;

"CALCULATION DATE"                      the date, being either 1 July or 1
                                        January (or such other date as may be
                                        determined by the Directors) following
                                        the successive monthly acquisitions of
                                        Partnership Shares by the Trustee on
                                        behalf of Participants using Partnership
                                        Share Money;

"CHANGE OF CONTROL                      means an event deemed to have taken
                                        place if: (i) a third person, including
                                        a "group" as defined in Section 13(d)(3)
                                        of the Securities Exchange Act of 1934,
                                        acquire Shares of the Corporation having
                                        20% or more of the total number of votes
                                        that may be cast for the

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                                        election of Directors of the Company; or
                                        (ii) as the result of any cash tender or
                                        exchange offer, merger or other business
                                        combination, sale of assets or contested
                                        election, or any combination of the
                                        foregoing transactions (a
                                        "Transaction"), the persons who were
                                        directors of the Company before the
                                        Transaction shall cease to constitute a
                                        majority of the Board of Directors of
                                        the Company or any successor to the
                                        Company;

"THE COMPANY"                           Kimberly-Clark Corporation registered in
                                        the State of Delaware U.S.A;

"CONTROL"                               in relation to a corporate body, the
                                        power of a person to secure by the
                                        holding of shares or the possession of
                                        voting power that the affairs of that
                                        corporate body are conducted in
                                        accordance with the wishes of that
                                        person;

"DEALING DAY"                           a day on which the New York Stock
                                        Exchange is open for the transaction of
                                        business;

"THE DIRECTORS"                         the Shareplus Management Committee
                                        including the European HR Policy
                                        Council;

"DIVIDEND SHARES"                       Shares which are awarded to Participants
                                        under Rule 8.1 and held by the Trustee
                                        upon the terms of the Plan;

"ELIGIBLE EMPLOYEE"                     any person who is a full-time or
                                        part-time employee of a Participating
                                        Company including persons who have been
                                        temporarily transferred to work in
                                        another country but continue to be paid
                                        by the Participating Company;

"GROUP"                                 the Participating Company by which the
                                        Participant is employed and any other
                                        Participating Company;

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"HOLDING PERIOD"                        in relation to Partnership Shares, the
                                        period of twelve months commencing on
                                        the appropriate Calculation Date;

"JOINTLY OWNED COMPANY"                 a company of which 50% of the issued
                                        share capital is owned by the Company
                                        and 50% is owned by another company and
                                        which is not under the Control of either
                                        company; this expression includes a
                                        company which is controlled by a Jointly
                                        Owned Company;

"MARKET VALUE"                          in relation to a Share on any date, if
                                        and so long as the Shares are listed on
                                        the New York Stock Exchange, its middle
                                        market quotation on the immediately
                                        preceding Dealing Day;

"MATCHING SHARES"                       Shares which are awarded to an Eligible
                                        Employee under Rule 5 and held by the
                                        Trustee upon the terms of the Plan;

"MINIMUM MONTHLY SUBSCRIPTION"          in relation to any invitation, the local
                                        currency equivalent of $15 (calculated
                                        at the closing exchange rate quoted in
                                        the Financial Times on the date of
                                        deduction) or such other amount as the
                                        Directors may determine in the event of
                                        a significant change in exchange rates;

"NOTICE OF AWARD"                       a notice of award of Partnership,
                                        Matching or Dividend Shares in such form
                                        as determined by the Trustee.

"PARTICIPANT"                           an Eligible Employee who has entered
                                        into a Partnership Share Agreement to
                                        participate in the Plan;

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"PARTICIPATING COMPANY"                 any Subsidiary or Jointly Owned Company
                                        which has been designated by the
                                        Directors as a Participating Company;

"PARTNERSHIP SHARES"                    Shares which are acquired by or on
                                        behalf of Eligible Employees under Rule
                                        3 and held by the Trustee on the terms
                                        of the Plan;

"PARTNERSHIP SHARE AGREEMENT"           An agreement included in the application
                                        form as determined by the Directors from
                                        time to time;

"PARTNERSHIP SHARE MONEY"               the deduction made from a Participant's
                                        Salary in accordance with the
                                        Partnership Share Agreement before it is
                                        used to acquire Partnership Shares on
                                        his behalf;

"PLAN"                                  Kimberly-Clark Shareplus in its present
                                        form, or as from time to time altered in
                                        accordance with its Rules;

"PLAN SHARES"                           Shares held by the Trustees upon the
                                        terms of the Plan on behalf of the
                                        Participants comprising Partnership,
                                        Matching and Dividend Shares;

"RULES"                                 the rules of the Plan (and "Rule" shall
                                        be construed accordingly) including the
                                        Schedules;

"SALARY"                                basic pay as defined in the country in
                                        which the Eligible Employee is employed,
                                        but excluding bonuses and employee
                                        benefits;

"SHARE"                                 a share (including for the avoidance of
                                        doubt a fraction of a share) of common
                                        stock in the Company;

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"SUBSIDIARY"                            a company which is under the Control of
                                        the Company;

"TRUST"                                 the Kimberly-Clark Employee Share Trust
                                        (Jersey) or the Kimberly-Clark Employee
                                        Share Trust (UK) as determined by the
                                        Directors;

"TRUSTEE"                               the Trustees of the Kimberly-Clark
                                        Employee Share Trust (Jersey) or the
                                        Trustees of the Kimberly-Clark Employee
                                        Share Trust (UK) as the case may be;

References to any statutory provision are to that provision as amended or
re-enacted from time to time and, unless the context otherwise requires, words
in the singular include the plural (and vice versa) and words importing the
masculine shall include the feminine (and vice versa).

PART ONE - PARTNERSHIP SHARES

2 INVITATIONS TO ACQUIRE PARTNERSHIP SHARES

         2.1      When the Directors have decided to operate the Plan by
                  inviting Eligible Employees to acquire Partnership Shares, an
                  invitation shall be issued to each Eligible Employee inviting
                  him to enter into an agreement with the Company by signing and
                  returning as directed the accompanying Partnership Share
                  Agreement duly completed and signed.

                  An employee who starts employment with a Participating Company
                  will be given an invitation as soon as administratively
                  possible after the date of commencement of his employment.

                  The invitation shall specify:

                  2.1.1    whether the Directors have determined to offer
                           Matching Shares to Eligible Employees who enter into
                           a Partnership Share Agreement; and

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                  2.1.2    the basis on which such Matching Shares will be
                           awarded;

         2.2      The Company may specify the maximum number of Shares to be
                  included in an offer of Partnership Shares.

                  2.2.1    The Partnership Share Agreement shall contain an
                           undertaking by the Company to notify each Eligible
                           Employee of any restriction on the number of Shares
                           to be included in an offer. This notification shall
                           be given before the deduction of the Partnership
                           Share Money relating to the offer.

         2.3      A Partnership Share Agreement entered into in accordance with
                  this Rule 2 shall form the binding agreement between the
                  Eligible Employee and the Company:

                  2.3.1    to permit the Company to deduct from his net Salary
                           (i.e. after deduction of tax and social security
                           contributions) each month an amount which is not less
                           than the Minimum Monthly Subscription nor more than
                           4% of his gross Salary;

                           PROVIDED THAT if the Minimum Monthly Subscription is
                           more than 4% of the gross salary of the Eligible
                           Employee, the deduction from his Salary will be the
                           amount of the Minimum Monthly Subscription.

                  2.3.2    to permit the Company to transfer to the Trustee the
                           sum deducted under rule 2.3.1.

                  2.3.3    to permit the Trustee to use the sum in rule 2.3.1 to
                           acquire Partnership Shares on behalf of the Eligible
                           Employee and to hold them in accordance with the
                           Rules.

         2.4      A Partnership Share Agreement shall include a provision
                  allowing the Participant, by written notice to the Company, to
                  stop the deductions from his Salary with effect from a date
                  specified in the notice. Following such a notice, the
                  Participant may direct the Company to re-start the deductions
                  from his

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                  Salary, provided that the deductions that have been missed in
                  the interim period may not be made up.

         2.5      A Partnership Share Agreement may provide for Participants to
                  vary the amount deducted from Salary.

         2.6      A maximum of two events under rules 2.4 and 2.5 (stopping,
                  restarting and varying contributions) is permitted in each
                  calendar year, unless the Company in its absolute discretion
                  decides to permit additional applications of rules 2.4 or 2.5.

3 ACQUISITION OF PARTNERSHIP SHARES

         3.1      All Partnership Share Money deducted by the Company in
                  accordance with the Partnership Share Agreement entered into
                  under Rule 2.1 shall be transferred directly to the Trustees.
                  Within 30 days after the Partnership Share Money was deducted
                  from Participants' Salaries the Trustees shall use it in the
                  purchase of, allocation or subscription for Partnership Shares
                  on behalf of Participants. The Trustees will send at least
                  once in every calendar year a Notice of Award to each
                  Participant showing the number of Shares acquired for him.

         3.2      The number of Partnership Shares to be acquired on behalf of
                  each Participant shall be determined in accordance with the
                  Market Value of the Partnership Shares on the Acquisition
                  Date.

         3.3      If any Partnership Share Money remains after the acquisition,
                  it may be retained by the Trustees to the Participant's
                  account and added to the next amount of Partnership Share
                  Money deducted from his Salary.

         3.4      If the Trustees deposit the Partnership Share Money in an
                  interest-bearing account, any interest earned will not become
                  the entitlement of the Participant but will be used to defray
                  the expenses of the Trust.

         3.5      A Participant may withdraw any or all of his Partnership
                  Shares from the Plan at any time. He may direct the Trustees
                  to transfer to him the legal ownership

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                  of the Partnership Shares; he may also direct the Trustees to
                  transfer to him any Partnership Share Money held on his
                  behalf. If before the end of the Holding Period he sells or
                  withdraws from the Plan the Partnership Shares, he will lose
                  any entitlement to receive any corresponding Matching Shares
                  unless Rule 4.3 or 4.4 applies.

4 CESSATION OF EMPLOYMENT

         4.1      In the event of a Participant ceasing to be employed by the
                  Group in any circumstances the Directors shall ensure that his
                  Partnership Shares and any Partnership Share Money held by the
                  Trustee on his behalf are transferred to him by the Trustee as
                  soon as practicable after such cessation; or he may ask the
                  Trustee to sell his Shares and send him the cash proceeds
                  after deducting the expenses of sale.

         4.2      Unless Rule 4.3 or 4.4 applies, in the event of a Participant
                  ceasing to be employed in the Group before the end of the
                  Holding Period he will lose any entitlement to receive any
                  corresponding Matching Shares. In the event of a Participant
                  ceasing to be employed in the Group for any reason before the
                  Calculation Date, he will lose any entitlement to receive any
                  corresponding Matching Shares.

         4.3      In the event of a Participant ceasing to be employed by the
                  Group during the Holding Period by reason of:

                  4.3.1    injury or disability, (in each case as defined in the
                           country in which the Participant is employed); or

                  4.3.2    redundancy or its equivalent in accordance with the
                           laws and practices of the country in which the
                           Participant is employed, and as determined by the
                           Company

                  4.3.3    a change of Control or other circumstances resulting
                           in the Participating Company ceasing to be a member
                           of the Group; or

                  4.3.4    the sale of a business or part of a business of a
                           Participating Company in such circumstances that
                           employees retain their existing employment

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                           rights in accordance with the legislation in their
                           country of residence; or

                  4.3.5    retirement in accordance with the laws and practices
                           of the country in which the Participant is employed;
                           or

                  4.3.6    death

                  the Holding Period will come to an end on the date of
                  cessation and he will receive the corresponding Matching
                  Shares on that date in accordance with Rule 5.2.

         4.4      In the event of a Participant ceasing to be employed by a
                  Participating Company in such circumstances that he then
                  commences employment with the Company or a Subsidiary in
                  another country, the Holding Period will come to an end on the
                  date of cessation and at the discretion of the Directors he
                  will receive the corresponding Matching Shares on that date in
                  accordance with Rule 5.2.

         4.5      When a Participant receives Matching Shares in the
                  circumstances set out in Rules 4.3 or 4.4, he must immediately
                  remove them from the Plan.

PART TWO - MATCHING SHARES

5 AWARD OF MATCHING SHARES

         5.1      When the Directors have decided to operate the Plan by
                  awarding Matching Shares on the same terms to Eligible
                  Employees who enter into a Partnership Share Agreement under
                  Rule 2, the invitation issued to each Eligible Employee under
                  Rule 2 shall contain information about such decision,
                  including the number of Matching Shares that will be
                  appropriated for each Partnership Share.

         5.2      On the day following the end of the Holding Period, the
                  Directors will award to Participants on whose behalf the
                  Trustees hold Partnership Shares,

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                  Matching Shares on the basis set out in the invitation. The
                  Matching Shares awarded will then form part of the Plan
                  Shares.

         5.3      Where Matching Shares are awarded under this Rule 5 the
                  Trustees will send at least once in every calendar year a
                  Notice of Award to each Participant to whom such Shares have
                  been awarded.

6 TRANSFER OF MATCHING SHARES

         6.1      In accordance with the Partnership Share Agreement entered
                  into between a Participant and the Company under Rule 2, a
                  Participant may direct the Trustee to transfer the legal
                  ownership of his Matching Shares to him at any date after the
                  end of the Holding Period.

         6.2      The Participating Company will be entitled to withhold and the
                  Participant will be obligated to pay, the amount of tax or any
                  social security contributions or other regulatory payments
                  which may be payable by or on behalf or such Participant in
                  connection with the transfer of Plan Shares. The Trustees may
                  establish appropriate procedures to provide for any such
                  payment including, in lieu of transferring some or all of the
                  Shares to which a Participant is entitled, the sale of such
                  proportion thereof as shall equate to the amount of the
                  liability, the payment of such amount to the relevant
                  authority and the transfer of the resulting number of Shares
                  to the Participant.

         6.3      Any direction given by a Participant under Rule 6.1 must be in
                  the form as notified by the Trustee, adapted as appropriate.
                  The Trustee will transfer the relevant Matching Shares as soon
                  as practicable after the receipt of the direction.

7 CESSATION OF EMPLOYMENT AND WITHDRAWAL OF MATCHING SHARES FROM THE PLAN

         7.1      In the event of a Participant ceasing to be employed by the
                  Group in any circumstances, he must either (a) ask the Trustee
                  to forward to him the Share Certificate in respect of his
                  Matching Shares; or (b) he may ask the Trustee to sell his
                  Matching Shares and send him the cash proceeds after deducting
                  the expenses of sale.

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PART THREE - DIVIDEND SHARES

8 REINVESTMENT OF DIVIDENDS

         8.1      All dividends payable in respect of Plan Shares shall be paid
                  by the Company directly to the Trustee. The Trustee shall,
                  within 30 days of their receipt of such dividends net of any
                  taxes which may be due under U.S. law on the dividends, use
                  them to acquire further Shares for awarding to Participants as
                  Dividend Shares.

         8.2      For the purposes of Rule 8.1 'acquire' shall mean subscribe
                  for, allocate or purchase.

         8.3      Where Dividend Shares have been acquired under Rule 8.1 the
                  Trustee will send a Notice of Award to each Participant to
                  whom such Dividend Shares have been awarded at least once in
                  every calendar year.

9 TRANSFER OF DIVIDEND SHARES

         9.1      In accordance with the Partnership Share Agreement entered
                  into between a Participant and the Company under Rule 2.1 a
                  Participant may direct the Trustee to transfer the legal
                  ownership of his Dividend Shares to him at any time.

         9.2      Any direction given by a Participant under Rule 9.1 must be in
                  the form as notified by the Trustee, adapted as appropriate.
                  The Trustee will transfer the relevant Dividend Shares as soon
                  as practicable after receipt of the direction.

10 CESSATION OF EMPLOYMENT AND WITHDRAWAL OF DIVIDEND SHARES FROM THE PLAN

         10.1     In the event of a Participant ceasing to be employed by a
                  Participating Company in any circumstances, he must either (a)
                  ask the Trustees to forward to him the Share Certificate in
                  respect of his Shares; or (b) ask the Trustees to sell his
                  Dividend Shares and send him the cash proceeds after deducting
                  the expenses of sale.

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PART FOUR - GENERAL

11 ACQUISITION OF SHARES FOR AWARD

         11.1     The Trustee may upon the direction of the Directors, purchase
                  Shares on the Acquisition Date or from time to time until the
                  Dealing Day preceding the relevant Award Date. Such Shares may
                  be purchased on the New York Stock Exchange.

         11.2     The Trustee, at the direction of the Directors, may subscribe
                  for Shares for awarding to Eligible Employees under the Plan
                  on the relevant Award Date and the price per Share at which
                  the Trustees shall subscribe for such Shares shall be the
                  Market Value of a Share on the date of subscription.

         11.3     Contributions to be made by the Company and each Participating
                  Company to the Trustee to support any purchase of or
                  subscription for Shares to be made by the Trustee for award on
                  any Award Date shall be paid not later than the Dealing Day
                  immediately prior to the relevant Award Date.

         11.4     Certificates shall be issued by the Company in respect of Plan
                  Shares and shall be delivered to or to the order of the
                  Trustee.

12 ISSUE OF SHARES AND DIVIDENDS

         12.1     All Shares issued under the Plan shall as to voting, dividend,
                  transfer and other rights (including those arising on a
                  liquidation) rank equally in all respects with the Shares then
                  in issue.

         12.2     The Participant will receive all rights as to voting, dividend
                  transfer and other rights in respect of Partnership Shares
                  from the Acquisition Date and in respect of Matching Shares
                  and Dividend Shares on the respective Award Date.

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         12.3     If the Trustees receive any foreign cash dividend in respect
                  of Plan Shares, they shall give the Participant notice of the
                  amount of any foreign tax already deducted.

13 TAKEOVERS

         13.1     In the event of a Change of Control of the Company, the
                  Directors will give notice to all participants as soon as
                  practicable.

         13.2     A Participant may then direct the Trustees to accept an offer
                  of shares for any of his Plan Shares to the intent that, if
                  the offer is accepted, the new holding of shares in the
                  acquiring company equates to the original holding of Plan
                  Shares.

14 TAX AND SOCIAL SECURITY

         If

         (a)      the receipt of Matched Shares and/or Dividend Shares or

         (b)      the sale of Plan Shares

         results in a liability to income tax, capital gains tax or social
         security contributions (or the local equivalent of these) in the
         Participant's country of employment and the legislation in that country
         requires tax or social security contributions to be withheld, the
         Participating Company will make the appropriate deductions. If there is
         no such requirement in that country it is the responsibility of the
         Participant to settle these liabilities with the appropriate
         authorities.

15 STAMP DUTY

         Any stamp duty or other expenses involved in any transfer of Shares by
         the Trustee shall be payable by the Participant concerned or the
         purchaser from the Participant concerned.

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16 DISPUTES

         The decision of the Directors in any dispute or question affecting any
         Eligible Employee or Participant under the Plan shall be final and
         conclusive.

17 RIGHTS ON TERMINATION OF EMPLOYMENT

         In no circumstances shall any person who has ceased to be an employee
         of the Company or any Subsidiary or any member of the Group by reason
         of dismissal or otherwise howsoever or who is under notice of
         termination of his employment be entitled to claim as against any
         Participating Company or Subsidiary or the Group or the Trustee any
         compensation for or in respect of any consequential loss he may suffer
         by reason of the operation of the terms of the Plan.

18 ADMINISTRATION AND ALTERATIONS

         18.1     The Directors shall have power from time to time to make and
                  vary such regulations (not being inconsistent with the Plan)
                  for the implementation and administration of the Plan as it
                  thinks fit.

         18.2     The Directors shall have power from time to time exercisable
                  by resolution to agree that any Subsidiary and any Jointly
                  Owned Company shall become a Participating Company for the
                  purposes of the Plan. Any such member of the Group shall cease
                  to be a Participating Company as from such date as the
                  Directors may by resolution determine and shall be deemed not
                  to be a Participating Company as from the date on which it
                  ceases to be a Subsidiary or Jointly Owned Company.

         18.3     In the event of any dispute as to whether a person is or is
                  not an Eligible Employee or as to any rights or obligations of
                  any person hereunder or any question concerning the
                  construction or effect hereto or any other question in
                  connection with the Plan, the Directors shall determine the
                  same (other than in the case of a matter to be certified by
                  the auditors in accordance with these Rules) and such
                  determination shall be final and binding on all persons.

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         18.4     The Directors may resolve to alter the Rules as may be
                  necessary or desirable to take account of relevant overseas
                  legislation to acquire or maintain beneficial tax treatment.

         18.5     The Rules of the Plan may be altered by resolution of the
                  Directors provided that:

                  18.5.1   no alteration which would adversely affect the rights
                           of any Participant in respect of Plan Shares already
                           awarded to him or acquired on his behalf shall be
                           effective; and

                  18.5.2   no alteration may be made which would alter the
                           fundamental purpose of the Plan.

         18.6     The cost of the preparation and operation of the Plan shall be
                  borne by the Company.

19 ERRORS AND OMISSIONS

         19.1     The Company, the relevant Participating Company and where
                  appropriate the Trustee may do all such acts and things as
                  they may agree to rectify any error or omission, including any
                  error or omission as a result of which any Eligible Employee
                  is not accounted for on the award of Plan Shares
                  notwithstanding that such action may fall outside the time
                  limits or otherwise conflict with the provisions of the Rules
                  provided always that the limits set out in Rule 1 would not
                  thereby be exceeded.

20 NOTICES

         20.1     Save as otherwise provided herein, any notice or communication
                  to be given by the Company or the Trustee to any Eligible
                  Employee or Participant may be given by personal delivery or
                  by sending the same by ordinary post to his last known address
                  and where a notice or communication is sent by post it shall
                  be deemed to have been received 72 hours after the same was
                  put into the post properly addressed and stamped. All
                  notifications, documents, option or

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                  share certificates and other communications sent by post as
                  aforesaid will be sent at the risk of the Eligible Employee or
                  Participant concerned and the Company, its Subsidiaries, any
                  Jointly Owned Company, any other employing company and the
                  Trustee shall have no liability whatsoever to any Eligible
                  Employee or Participant in respect of any notification,
                  document, option or share certificate or other communication
                  so given, sent or made and nor shall the Company, any of its
                  Subsidiaries any other employing company or the Trustee be
                  concerned to see that any Eligible Employee or Participant
                  actually receives it.

         20.2     Save as otherwise provided herein, any notice or communication
                  given by an Eligible Employee or a Participant to the Company
                  or the Trustee shall be delivered or sent to the Company or
                  the Trustee at its registered office (or at such other place
                  or places as the Directors or the Trustee may from time to
                  time determine and notify to Eligible Employees and
                  Participants) and be effective upon receipt.

21 GENERAL

         21.1     The Directors may decide from time to time to suspend or cease
                  operation of the Plan. Benefits awarded under the Plan do not
                  constitute remuneration or an entitlement to future
                  participation in the Plan.

         21.2     The Plan shall continue for a period of ten years commencing
                  on the date of the Trust Deed unless terminated earlier by
                  resolution of the Directors.

22 GOVERNING LAW

         The Plan is governed by and shall be construed in accordance with the
         laws of England.

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                      KIMBERLY-CLARK SHAREPLUS ("THE PLAN")

                               SCHEDULE - BELGIUM

The Plan shall be modified in respect of Matching Shares awarded to or to be
awarded to a person resident for tax purposes in Belgium as provided for in this
Schedule.

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

In Rule 6.1, delete the wording and replace with:

                  "6.1 "In accordance with the Partnership Share Agreement
                  entered into between a Participant and the Company under Rule
                  2, the Participant agrees that the Trustees will hold his
                  Matching Shares until the expiration of two years following
                  the date on which the Matching Shares were awarded to him."

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                      KIMBERLY-CLARK SHAREPLUS ("THE PLAN")

                                SCHEDULE - ITALY

The Plan shall be modified in respect of Rule 21.2 and the definition of "Market
Value" in respect of Matching Shares awarded to or to be awarded to a person
resident for tax purposes in Italy as provided for in this Schedule.

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

In Rule 1, the definition of "Market Value" shall be varied as follows:

Delete "its middle market quotation on the immediately preceding Dealing Day"
and replace with "the average price of the immediately preceding thirty Dealing
Days".

Rules 21.2 shall be renumbered Rule 21.3 and a new Rule 21.2 shall be inserted
as follows:

                  "21.2 "The number of Matching Shares awarded to participants
                  under the Plan has been calculated taking into consideration
                  the influence of the said amount over the employment economic
                  figures provided by their employment and, in particular, the
                  severance payments including the end-of service allowance
                  (TFR). Participants will not be entitled to claim any
                  additional payments or a different calculation of the
                  above-mentioned figures."

                                       20
<PAGE>

                      KIMBERLY-CLARK SHAREPLUS ("THE PLAN")

                              SCHEDULE - UK TOP-UP

The Plan shall be modified in respect of the definition of "Eligible Employee"
in respect of a person resident for tax purposes in the UK, as provided for in
this Schedule.

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

In Rule 1, the definition of "Eligible Employee" shall be varied as follows:

Delete the wording in shareplus and replace with:

"(a)                                    any person who is a full-time or
                                        part-time employee of a Participating
                                        Company including persons who have been
                                        temporarily transferred to work in
                                        another country but continue to be paid
                                        by the Participating Company; or

(b)                                     has participated or has agreed to
                                        participate in shareplus UK by saving
                                        the maximum amount permitted under that
                                        Plan as defined in its Rules under
                                        "Partnership Share Limit".

In Rule 4.3.5 delete the wording and replace with:

"retirement on or after reaching age 50".

                                       21<PAGE>
                                                                   EXHIBIT 4.5.2

                               DATED 15 MAY 2002

                  (1)      KIMBERLY-CLARK HOLDING LIMITED

                  (2)      MOURANT ECS TRUSTEES LTD

--------------------------------------------------------------------------------

                              TRUST DEED AND RULES

                                       OF

                           KIMBERLY-CLARK SHAREPLUS UK

--------------------------------------------------------------------------------

                ADOPTED BY THE BOARD OF DIRECTORS OF THE COMPANY
                                 ON 9 MAY 2002
                       AND APPROVED BY THE INLAND REVENUE
                           UNDER THE FINANCE ACT 2000
                      ON 16 MAY 2002 UNDER REFERENCE A1513

<PAGE>

               TRUST DEED AND RULES OF KIMBERLY-CLARK SHAREPLUS UK

<Table>
<S>   <C>                                                                              <C>
1     DEFINITIONS.......................................................................5

2     TRUSTS OF THE PLAN................................................................5

3     DIVIDENDS AND OTHER DISTRIBUTIONS.................................................9

4     GROUP COMPANIES...................................................................9

5     ACQUISITION OF SHARES............................................................10

6     ISSUE OF SHARES..................................................................11

7     RETENTION OF SHARES..............................................................11

8     VOTING RIGHTS....................................................................12

9     NOTICES AND CIRCULARS............................................................13

10    RIGHTS ISSUES....................................................................13

11    CAPITALISATION ISSUES............................................................14

12    RECONSTRUCTIONS AND TAKE-OVERS...................................................15

13    ENTITLEMENTS.....................................................................15

14    INFORMATION AND ACCOUNTING FOR INCOME TAX........................................16

15    TRUSTEES' POWERS OF DELEGATION...................................................16

16    ADMINISTRATION...................................................................17

17    PROVISIONS RELATING TO THE TRUSTEES..............................................18

18    APPOINTMENT REMOVAL AND RETIREMENT OF TRUSTEES...................................20

19    RESIDENCE AND NUMBER OF TRUSTEES.................................................20

20    ALTERATIONS......................................................................21

21    TERMINATION......................................................................21

22    GENERAL..........................................................................21

SCHEDULE ONE

1     DEFINITIONS......................................................................23

PART ONE - FREE SHARES

2     APPROPRIATION OF FREE SHARES.....................................................36

3     TRANSFER OF FREE SHARES..........................................................40

4     CESSATION OF EMPLOYMENT AND WITHDRAWAL OF FREE SHARES FROM THE PLAN..............40

PART TWO - PARTNERSHIP SHARES

5     INVITATIONS TO ACQUIRE PARTNERSHIP SHARES........................................43

6     ACQUISITION OF PARTNERSHIP SHARES................................................46

7     TRANSFER OF PARTNERSHIP SHARES...................................................48

8     CESSATION OF EMPLOYMENT..........................................................49
</Table>

                                       2
<PAGE>

<Table>
<S>   <C>                                                                              <C>
PART THREE - MATCHING SHARES

9     APPROPRIATION OF MATCHING SHARES.................................................51

10    TRANSFER OF MATCHING SHARES......................................................52

11    CESSATION OF EMPLOYMENT AND WITHDRAWAL OF MATCHING SHARES FROM THE PLAN..........53

PART FOUR - DIVIDEND SHARES

12    REINVESTMENT OF DIVIDENDS........................................................56

13    TRANSFER OF DIVIDEND SHARES......................................................57

14    CESSATION OF EMPLOYMENT..........................................................58

PART FIVE - GENERAL

15     ACQUISITION OF SHARES FOR APPROPRIATION.........................................60

16     ISSUE OF SHARES AND DIVIDENDS...................................................61

17     DISPOSALS AND PAYMENT...........................................................62

18     STAMP DUTY......................................................................63

19     DISPUTES........................................................................63

20     RIGHTS ON TERMINATION OF EMPLOYMENT.............................................63

21     DUTY TO ACCOUNT FOR PAYE ETC....................................................63

22     ALTERATIONS.....................................................................65

23     GENERAL.........................................................................66

24     GOVERNING LAW...................................................................67

SCHEDULE TWO ..........................................................................68

SCHEDULE THREE ........................................................................72

SCHEDULE FOUR .........................................................................76

SCHEDULE FIVE .........................................................................82

SCHEDULE SIX ..........................................................................83

SCHEDULE SEVEN ........................................................................86

SCHEDULE EIGHT ........................................................................87

SCHEDULE NINE .........................................................................89

SCHEDULE TEN ..........................................................................90
</Table>

                                       3
<PAGE>

THIS DEED is made the 15th day of May 2002
BETWEEN:

(1)      KIMBERLY-CLARK HOLDING LIMITED whose registered office is at 1 Tower
         View, Kings Hill, West Malling, Kent ME19 4HA (hereinafter called "the
         Company")

(2)      MOURANT ECS TRUSTEES LTD whose registered office is at 4th Floor 35 New
         Bridge Street, London EC2V 6BW ("the Trustees")

RECITALS:

(A)      The Company was incorporated on 20 November 1985 with limited liability
         under the Companies Act 1985 under registration number 1961889

(B)      The Company wishes to establish a share incentive plan to be approved
         in accordance with the provisions of the Schedule and constituting an
         employees' share scheme as defined in Section 743 of the Companies Act
         1985 (hereinafter called "the Plan") for the purposes of providing
         funds to the Trustees to enable Shares in the capital of the Parent to
         be acquired by the Trustees and to be appropriated to employees of the
         Participating Companies (as hereinafter defined) and to enable the
         Trustees to acquire further Shares in the capital of the Parent on
         behalf of Participants using Partnership Share Money (as defined in
         Schedule One) and dividends in accordance with the rules of the Plan

(C)      The Board of Directors of the Company resolved to adopt the Plan on
         9 May 2002

(D)      The Trustees have agreed to be the first Trustees of the Plan

                                       4
<PAGE>

THIS DEED PROVIDES as follows:

1        DEFINITIONS

         1.1      Unless the context otherwise requires words and expressions
                  defined in Schedule One shall have the same meaning in the
                  other parts of this Deed and references to "Clauses" shall
                  mean clauses of this Deed and references to "Rules" in this
                  Deed and in Schedule One shall mean the rules set out in
                  Schedule One

         1.2      References to the Plan shall mean the Plan constituted by this
                  Deed and Schedule One

         1.3      References to any statutory provision are to that provision as
                  amended or re-enacted from time to time and unless the
                  context otherwise requires words in the singular shall include
                  the plural (and vice versa) and words importing the masculine
                  shall include the feminine (and vice versa)

2        TRUSTS OF THE PLAN

         2.1      The Company hereby covenants with the Trustees to pay and to
                  procure that each Participating Company pays to the Trustees
                  in accordance with and subject to the provisions of the Plan
                  the amounts due from it or them for the purposes of the
                  subscription for or purchase of Shares by the Trustees to be
                  appropriated under the Plan as Free Shares and/or Matching
                  Shares to prospective Participants employed by it or them (as
                  appropriate) together with any other amounts required to cover
                  any costs charges and expenses incurred in such subscription
                  or purchase and any other expenses and charges incurred by the
                  Trustees in the establishment operation and determination of
                  the Plan

         2.2      The Company hereby covenants with the Trustees to pay and
                  procure that each Participating Company pays to the Trustees
                  as soon as practicable in accordance

                                       5
<PAGE>

                  with and subject to the provisions of the Plan the amounts due
                  from Participants under deduction from salary for the purposes
                  of the subscription for or purchase of Shares by the Trustees
                  to be acquired under the Plan as Partnership Shares for
                  Participants employed by it or them (as appropriate)

         2.3      The Trustees shall keep any Partnership Share Money in an
                  account with:

                  a) an institution authorised under the Banking Act 1987;

                  b) a building society; or

                  c) a relevant European institution.

                  The Trustees shall be under no obligation to place monies in
                  an interest bearing account, but if Partnership Share Money is
                  held in an interest bearing account the Trustees must account
                  to the Participants for it.

         2.4      The Company hereby covenants with the Trustees to pay and
                  procure that each Participating Company pays to the Trustees
                  in accordance with and subject to the provisions of the Plan
                  any cash dividends in respect of Plan Shares held on behalf of
                  Participants for the purposes of the subscription for or
                  purchase of further Shares by the Trustees as Dividend Shares
                  for Participants in accordance with Rule 12.1

         2.5      Subject as hereinafter provided the Trustees hereby covenant
                  with the Company, each Participating Company and each
                  Participant to apply the monies received pursuant to Clauses
                  2.1, 2.2 and 2.4 in the subscription for or purchase of Shares
                  and to hold the same once appropriated and all other trust
                  property deriving therefrom UPON TRUST for the Participants
                  respectively entitled thereto subject to the Rules of the Plan
                  and shall appropriate the Shares so acquired to the
                  Participants in accordance with the Rules of the Plan

         2.6      The Trustees shall be entitled to rely on information supplied
                  by the Company and each Participating Company in respect of
                  the eligibility of any person to become or remain a
                  Participant in the Plan

                                       6
<PAGE>

         2.7      The Trustees shall, as soon as practicable after the first
                  award of Shares and thereafter on at least one occasion in a
                  calendar year notify each Participant of the following:

                  2.7.1    where Shares are purchased or subscribed for in
                           accordance with Clauses 2.1 and 2.4:

                           -        the number and description of Shares
                                    appropriated;

                           -        the Market Value of those Shares on the
                                    Appropriation Day;

                           -        the Holding Period in respect of those
                                    Shares; and

                           -        in relation to Clause 2.4, the amount
                                    carried forward under the provisions of
                                    paragraph 58 of the Schedule; and

                  2.7.2    where Shares are purchased or subscribed for in
                           accordance with Clause 2.2:

                           -        the number and description of Shares so
                                    acquired;

                           -        the amount of the contributions made by the
                                    Participant in acquiring the Shares and the
                                    basis on which the number of Shares was
                                    determined;

                           -        the Market Value of the Shares on the
                                    Acquisition Date

                           except that where the Directors have decided that an
                           Accumulation Period shall apply, such notice need be
                           given on only one occasion in a Year of Assessment
                           following the appropriation of Shares

         2.8      If prior to the appropriation of any Shares under the Plan the
                  Trustees become entitled in respect of those Shares to any
                  rights to be allotted or to subscribe for further securities
                  (other than an issue of bonus shares of the same class as
                  Shares then held by the Trustees pending any such
                  appropriation which bonus shares shall be retained by the
                  Trustees and shall form part of the Shares to be appropriated
                  among the Participants on the relevant Appropriation Day) the
                  Trustees may exercise those rights or sell those rights for
                  the best consideration in money reasonably obtainable at the
                  time

                                       7
<PAGE>

         2.9      The Trustees shall hold:

                  2.9.1    the net proceeds of any sale made pursuant to Clause
                           2.12;

                  2.9.2    any income therefrom; and

                  2.9.3    any Capital Receipt of less than Pound Sterling3
                           otherwise distributable to a particular Participant;

                  UPON TRUST to apply the same in or towards any reasonable
                  expenses of administering and determining the Plan (including
                  any provision for taxation for which the Trustees are liable)
                  and the Trustees shall notify the Company on request of the
                  amounts so held by them and the Trustees shall not be under
                  any duty to invest any monies of which they stand possessed
                  under this Clause

         2.10     The Trustees may, with the agreement of the Participant, carry
                  forward any surplus Partnership Share Money remaining after
                  the acquisition of Shares pursuant to Clause 2.2 for the
                  Participant but in any other case must pay the surplus
                  Partnership Share Money to the Participant. However, where a
                  Participant withdraws from a Partnership Share Agreement, any
                  Partnership Share Money held on his behalf shall be paid over
                  to him in accordance with Rule 7

         2.11     Every Free Share Agreement and Partnership Share Agreement
                  shall provide that if the Participant;

                           a)       ceases to hold Relevant Employment
                                    (otherwise than in any of the circumstances
                                    mentioned in Rules 4.1, or 11.1);

                           b)       withdraws the Free or Matching Shares from
                                    the Plan; or

                           c)       in the case of Matching Shares, withdraws
                                    the corresponding Partnership Shares from
                                    the Plan;

                           at any time within a period not exceeding one year
                           beginning with an Appropriation Date, he shall
                           thereupon forfeit his beneficial interest in:

                                       8
<PAGE>

                           a)       such Free or Matching Shares, as the case
                                    may be, appropriated to him on that
                                    Appropriation Date; and

                           b)       all other shares or other securities except
                                    Dividend Shares acquired by such Participant
                                    for no consideration by virtue or in
                                    consequence of his holding of such Free and
                                    Matching Shares.

         2.12     Upon the termination of the Plan for whatever reason the
                  Trustees shall sell all unappropriated Shares and thereupon
                  account (so far as practicable) to the Company and to any
                  Participating Companies for any monies held by them so far as
                  practicable in the same proportions as they were provided or
                  as may otherwise be appropriate and shall pay any cash
                  balances held under Clause 2.10 to which a Participant may be
                  entitled to him as soon as practicable and in any event within
                  60 days of termination of the Plan (subject to Clause 14).

3        DIVIDENDS AND OTHER DISTRIBUTIONS

         As soon as practicable following their receipt of any dividends or
         other distributions in respect of Plan Shares the Trustees shall deal
         with them in accordance with the Rules of the Plan.

4        GROUP COMPANIES

         4.1      The Plan may with the consent of the Directors and after
                  notification to the Inland Revenue be extended to any
                  Subsidiary not a party to this Deed by the adherence of such
                  Subsidiary to the provisions of the Plan by a deed
                  supplemental hereto in the form of Schedule Eight amended as
                  may be thought necessary by the Company and the Trustees and
                  thereupon the provisions of the Plan and of this Deed shall
                  apply to such Subsidiary as though it were a party to this
                  Deed.

         4.2      The Plan shall cease to apply to any Participating Company
                  other than the Company at any time when:

                                       9
<PAGE>

                  4.2.1    such company ceases to be a Subsidiary; or

                  4.2.2    a notice is served by the Company upon the Trustees
                           that the Plan shall cease to apply to such company
                           provided that the conditions specified in paragraphs
                           60-67 of the Schedule continue to be satisfied.

         4.3      If and so long as the Plan applies to any Subsidiary such
                  Subsidiary shall provide the Trustees with all information
                  required from it for the purposes of the administration and
                  determination of the Plan and shall do so in such form as the
                  Trustees shall reasonably require and the Trustees shall in
                  good faith rely on such information without further enquiry.

         4.4      If and so long as the Plan applies to any Subsidiary the
                  powers and discretions exercisable by such Subsidiary in
                  relation to the Plan shall be exercisable by resolution of its
                  board of directors or a duly appointed committee of such board
                  and a minute of any resolution of such board signed by the
                  secretary or a director of such Subsidiary shall be sufficient
                  authority for the Trustees to act.

5        ACQUISITION OF SHARES

         5.1      Shares to be used pursuant to the Plan may be acquired by the
                  Trustees by way of:

                  5.1.1    subscription; or

                  5.1.2    purchase (including from Participants and any other
                           trust); or

                  5.1.3    a rights or capitalisation issue in respect of Shares
                           which have been acquired by the Trustees and have not
                           been appropriated under the Plan; or

                  5.1.4    forfeiture under the provisions of Clause 2.11;

                  and any Shares acquired in accordance with Clauses 5.1.1 and
                  5.1.2 above may also be acquired for an amount which is below
                  the market value as defined in Part VIII of the Taxation of
                  Chargeable Gains Act 1992.

                                       10
<PAGE>

         5.2      The Trustees shall have the power to borrow funds to acquire
                  Shares for the purposes of the Plan so long as the Shares are
                  readily convertible assets within the meaning of Section 203F
                  of the Act.

         5.3      Any sums paid by a Participating Company to the Trustees
                  pursuant to Clause 2.1 shall if not applied for the purposes
                  of the Plan within nine months from the date of such payment
                  be used to cover the Trustees' incidental costs and expenses
                  or be repaid promptly to that company.

6        ISSUE OF SHARES

         6.1      All Shares subscribed for by the Trustees pursuant to the Plan
                  shall as to voting, dividend, transfer and other rights
                  (including those arising on a liquidation) rank pari passu
                  with the Shares then in issue except that they will not rank
                  for any dividend or other rights declared by reference to a
                  record date preceding the date of such subscription.

         6.2      If and so long as the Shares which are to be issued are of the
                  same class as shares which are listed on the New York Stock
                  Exchange the Company shall use its best endeavours to procure
                  that as soon as practicable after the allotment of any shares
                  to the Trustees pursuant to the Plan application shall be made
                  to the New York Stock Exchange for admission of the shares to
                  the Exchange.

7        RETENTION OF SHARES

         7.1      The Trustees shall not dispose of any Plan Shares held on
                  behalf of a Participant during the applicable Holding Period
                  except:

                  7.1.1    in accordance with a direction of such Participant
                           (or his personal representatives) in the event of a
                           Reconstruction or Take-over affecting such Shares;

                  7.1.2    to raise funds to subscribe for rights issues
                           (subject to Clause 10);

                                       11
<PAGE>

                  7.1.3    to dispose of Shares to meet PAYE obligations under
                           paragraph 73 of the Schedule.

         7.2      After the applicable Holding Period nothing shall prevent a
                  Participant from instructing the Trustees to sell his
                  beneficial interest in his Plan Shares, including a sale to
                  the Trustees for the same consideration as would be required
                  to be obtained on a sale of such Shares to a third party.

         7.3      Subject to Rule 21, when a Participant ceases to be in
                  Relevant Employment the Trustees must within 90 days remove
                  any Shares of his from the Trust by:

                  7.3.1    transferring the Plan Shares to the Participant or to
                           another person at his direction; or

                  7.3.2    disposing of the Plan Shares and accounting (or
                           holding themselves ready to account) for the proceeds
                           to the Participant or to another person at his
                           direction.

                  Where the Participant has died the references in Clauses 7.3.1
                  and 7.3.2 to the Participant shall be read as references to
                  his personal representatives.

8        VOTING RIGHTS

         8.1      In respect of any Plan Shares the Trustees shall upon any
                  matter in relation to which at a general meeting of the
                  Relevant Company or at any class meeting they are entitled to
                  exercise any voting rights attaching thereto invite the
                  relevant Participants to direct them as to such exercise. The
                  Trustees shall not be entitled in respect of any Plan Shares
                  to vote on a show of hands unless all directions received from
                  the Participants concerned in respect of the particular
                  resolution are identical and shall not in any circumstances be
                  under an obligation to call for a poll. In the event of any
                  poll the Trustees shall vote only in accordance with the
                  directions of Participants who have given such directions. The
                  Trustees shall not exercise any voting rights in respect of
                  any unappropriated Shares acquired by them pursuant to the
                  Plan.

                                       12
<PAGE>

         8.2      The Trustees shall not be bound to act upon any instructions
                  given by a Participant in respect of Plan Shares unless such
                  instructions are received by the Trustees in writing signed by
                  the Participant.

9        NOTICES AND CIRCULARS

         9.1      Notices or documents which the Trustees are required or may
                  desire to give to any Eligible Employee or Participant shall
                  be delivered to him by hand or electronically or sent to him
                  by first-class post pre-paid at his last known home or
                  business address according to information provided by him to
                  the relevant Participating Company. Notices sent by first
                  class post shall be deemed to have been given on the day
                  following the date of posting.

         9.2      The Parent shall send or make available to Participants copies
                  of all circulars and documents sent by it to the holders of
                  its Shares and if and for so long as the Parent is not the
                  Relevant Company shall use all reasonable endeavours to
                  procure that all circulars and documents sent by the Relevant
                  Company to its ordinary shareholders shall be sent or made
                  available to Participants.

10       RIGHTS ISSUES

         10.1     Whenever any rights to acquire shares or other securities or
                  other rights of any nature are granted by the Relevant Company
                  in respect of Plan Shares each Participant shall be notified
                  by the Trustees of the rights (determined in accordance with
                  Clause 13) attaching to his Plan Shares and he may instruct
                  the Trustees

                  10.1.1   (subject to the provision by him of funds) to take up
                           the rights; or

                  10.1.2   to sell the rights (in whole or in part); or

                  10.1.3   to allow the rights to lapse.

                                       13
<PAGE>

         10.2     The Trustees shall act upon such instructions received by them
                  not less than five Dealing Days before the expiry of the
                  period allowed for the exercise of any such rights. If any
                  Participant has not prior to five Dealing Days before the
                  expiry of the period allowed for the exercise of any such
                  rights given instructions to the Trustees with regard thereto
                  and provided any funds necessary for the purpose the Trustees
                  shall allow such rights to lapse. The Trustees shall deal with
                  any payment received in consequence of allowing any rights to
                  lapse in respect of any Plan Shares as a Capital Receipt
                  (provided that any Capital Receipt of less than Pound
                  Sterling3 otherwise distributable to a particular Participant
                  may be retained by the Trustees).

         10.3     Any Plan Shares (within the meaning of paragraph 116(1) of the
                  Schedule) taken up by the Trustees on behalf of any
                  Participant under this Clause shall, subject to Clause 13,
                  form part of the Participant's Plan Shares and shall be deemed
                  to have been acquired or appropriated at the same time as the
                  Plan Shares to which they relate.

         10.4     Nothing in this Clause shall require the Trustees to act in
                  any manner whereby they would be involved in any liability
                  unless indemnified to their satisfaction by the Participant in
                  question against such liability. In the exercise of any
                  discretion conferred upon them the Trustees shall not be
                  liable for any loss to any Participant arising by reason of
                  any matter or thing other than wilful fraud or wrongdoing or
                  in the case of Trustees engaged in the business of providing a
                  trustee service for a fee negligence on the part of the
                  relevant trustee sought to be made liable.

11       CAPITALISATION ISSUES

         Where the Relevant Company allots any new shares (within the meaning of
         paragraph 115(3) of the Schedule) by way of capitalisation to the
         Trustees in respect of any Plan Shares held by them such new shares
         shall subject to and in accordance with Clause 13 form part of such
         Plan Shares and shall be deemed to have been acquired or appropriated
         at the same time as the Plan Shares in respect of which they are
         allotted.

                                       14
<PAGE>

12       RECONSTRUCTIONS AND TAKE-OVERS

         12.1     Participants shall be notified of any Reconstruction or
                  Take-over and any Participant may give notice in writing to
                  the Trustees instructing them in respect of any of his Plan
                  Shares (and where appropriate exercising any right to elect to
                  receive any particular form of consideration available
                  thereunder).

         12.2     To the extent the consideration received by virtue of any
                  Reconstruction or Take-over consists of cash it shall be
                  treated as the proceeds of a disposal under Clause 7.1 and so
                  far as it consists of new shares (within the meaning of
                  paragraph 115(3) of the Schedule) it shall be held by the
                  Trustees as Plan Shares subject to the terms of this Deed and
                  the Rules mutatis mutandis as if the same were the Plan Shares
                  in respect of which they are issued or which they otherwise
                  represent.

13       ENTITLEMENTS

         13.1     Where in respect of Shares of the same class as the Plan
                  Shares an offer or invitation is made conferring rights to
                  acquire against payment additional securities in the Relevant
                  Company or where new securities by way of capitalisation are
                  to be allotted by such company the Trustees shall allocate
                  such rights or securities amongst the Participants concerned
                  on a proportionate basis and the Trustees shall use their best
                  endeavours to sell any rights or securities which are not
                  allocated and distribute the net proceeds of sale (after
                  deducting therefrom any expenses of sale and any taxation
                  which may be payable by the Trustees in respect thereof) among
                  the Participants whose allocation was rounded down. Such
                  proceeds which derive from Plan Shares will be treated as a
                  Capital Receipt in accordance with paragraph 79(2) of the
                  Schedule provided that any sum of less than L.3 otherwise
                  distributable to a particular Participant may be retained by
                  the Trustees.

         13.2     In any circumstances in which the Trustees receive new
                  securities which are deemed to form part of a holding of Plan
                  Shares the Trustees shall allocate the

                                       15
<PAGE>

                  securities to the Participant by reference to the relevant
                  dates of appropriation of the Plan Shares to which they
                  relate.

14       INFORMATION AND ACCOUNTING FOR INCOME TAX

         14.1     The Trustees and each Participating Company must maintain such
                  records as may be necessary for the purposes of:

                  14.1.1   informing Participants of their PAYE and National
                           Insurance liabilities under the Plan; and

                  14.1.2   enabling the Participating Company to make and
                           account for a PAYE (and National Insurance
                           Contributions) deduction in respect of any asset
                           transferred to a Participant when a liability to
                           Schedule E income tax arises and the asset is a
                           readily convertible asset within the meaning of
                           Section 203F of the Act.

         14.2     If the Trustees are obliged to operate PAYE in accordance with
                  the provisions of paragraph 95 of the Schedule, they may
                  dispose of the asset or part thereof on behalf of the
                  Participating Company and account to the Inland Revenue for so
                  much of the proceeds of disposal as would be required if there
                  had in fact been a payment of assessable income, and to the
                  Participant for the balance or they may allow the Participant
                  to pay to the Trustee a sum equal to the amount required to
                  discharge the obligation.

15       TRUSTEES' POWERS OF DELEGATION

         15.1     In the exercise of their discretions and the performance of
                  their duties hereunder the Trustees may employ and pay a
                  registrar solicitor broker actuary accountant banker or other
                  adviser and may appoint any such person as their agent to
                  transact all or any business and may act on the advice or
                  opinion of any such solicitor, broker, actuary, accountant,
                  banker or other adviser and shall not be responsible for

                                       16
<PAGE>

                  anything done or omitted to be done or suffered in good faith
                  in reliance on such advice or opinion.

         15.2     Except as otherwise provided by Part IX of the Schedule the
                  Trustees may delegate any of their powers and duties hereunder
                  or any business including the exercise of any discretion to
                  any person or company including the Company or any Subsidiary.

         15.3     The Trustees may at any time and shall if so directed by the
                  Company revoke any delegation or arrangement made under this
                  Clause and require any trust property held by another person
                  to be returned to the Trustees.

         15.4     The Trustees may execute or sign and (if and so long as there
                  is more than one Trustee) may authorise the execution or
                  signature by any one of their number as their agent (and any
                  corporate trustee may similarly authorise any of its directors
                  officers or employees on its behalf) to effect the execution
                  or signature of any deeds documents cheques or other
                  instruments by the impression of any signature on behalf of or
                  as witness of any sealing by the Trustees in writing printing
                  lithography photocopying or any other mode of representing or
                  reproducing words in a visible form. Any such signature or
                  sealing shall be as valid as if given by all the Trustees.

         15.5     The Trustees may at any time cause any part of the trust
                  property to be deposited for safekeeping with any Trustee or
                  any other person on behalf of the Trustees and may pay any
                  expenses in connection therewith.

16       ADMINISTRATION

         16.1     Subject to and in accordance with the provisions of this Deed
                  including Schedule One the Trustees may make such regulations
                  as they consider appropriate relating to the administration of
                  the Plan.

         16.2     If and so long as there is more than one Trustee the Trustees
                  shall meet together as may be necessary for the administration
                  of the trusts hereof and all decisions taken by a majority (or
                  as a result of the casting vote of any chairman appointed by
                  the

                                       17
<PAGE>

                  Trustees present at the meeting) of the Trustees present at
                  any meeting of the Trustees of which notice has been given to
                  all of them present in the United Kingdom (provided at least
                  two Trustees shall be present) shall be as effective for all
                  purposes as if such decisions had been unanimous decisions of
                  all the Trustees. A written resolution signed by all the
                  Trustees arrived at without any meeting shall be effective for
                  all purposes. Nothing herein shall preclude a sole corporate
                  trustee from acting on its own.

         16.3     The Trustees shall arrange for the relevant Participating
                  Companies to account to the Inland Revenue or other authority
                  concerned for any amounts deducted from payments made pursuant
                  to the Plan in respect of PAYE or any other deductions
                  required in accordance with paragraph 73 of the Schedule.

17       PROVISIONS RELATING TO THE TRUSTEES

         17.1     The Company shall pay to or reimburse the Trustees upon demand
                  for all charges and expenses reasonably incurred by them in
                  the course of the administration and determination of the
                  trusts of this Deed and of the Plan and shall keep their
                  estates and effects fully indemnified and saved harmless
                  against all actions, claims, losses, demands, proceedings,
                  charges, expenses, costs, damages, taxes, duties and other
                  liabilities arising out of anything done or caused to be done
                  by them or suffered or incurred by them in the exercise or
                  purported exercise of any of the powers and discretions vested
                  in them by this Deed and the Plan or otherwise howsoever
                  arising out of or in connection with the preparation
                  administration operation or termination of the Plan but so
                  that no Trustee shall be indemnified or exonerated in respect
                  of any fraud or wilful default or in the case of Trustees
                  engaged in the business of providing a trustee service for a
                  fee negligence on his part and in addition the Trustees shall
                  have the benefit of all indemnities conferred upon trustees
                  generally by law and by the Trustee Act 1925.

         17.2     A person shall not be disqualified from acting as a Trustee
                  hereof or exercising any power vested in the Trustees by
                  reason of the fact that he is or has been a director or
                  employee of any Participating Company or any Subsidiary or is
                  participating in

                                       18
<PAGE>

                  or has participated in the Plan or for any remuneration or
                  other benefit received thereby or in connection therewith.

         17.3     Any bank which is banker to the Company or any Subsidiary may
                  act as Trustee without being required to account for any
                  profit resulting therefrom.

         17.4     Any person acting as a Trustee in the course of any profession
                  or business carried on by him may charge and be paid such
                  reasonable remuneration charges or disbursements whether in
                  connection with the Plan or otherwise as shall from time to
                  time be agreed between him and the Company.

         17.5     No Trustee (and no director or officer of a body corporate or
                  a trust corporation acting as a Trustee) shall on his own
                  account be precluded from acquiring, holding or dealing with
                  any debentures, debenture stock shares or securities
                  whatsoever of the Company or any Subsidiary or any other
                  company in the shares of which the Company or any Subsidiary
                  may be interested or from entering into any contract or other
                  transaction with the Company or any Subsidiary or any such
                  other company or from being interested in any such contract or
                  transaction and nor shall he be in any way liable to account
                  to the Company or any Subsidiary or any Participant in the
                  Plan for any profits made, fees, commissions, shares of
                  brokerage discounts allowed or advantages obtained by him from
                  or in connection with such acquisition, holding, dealing
                  contract or transaction whether or not in connection with his
                  duties hereunder.

         17.6     The Trustees shall be entitled in the absence of manifest
                  error to rely without further enquiry on information supplied
                  to them by the Company for the purposes of the Plan and shall
                  also be entitled to rely in the absence of manifest error on
                  any direction notice or document purporting to be given or
                  executed by or with the authority of the Company or by any
                  Participant in the Plan as having been so given or executed.

                                       19
<PAGE>

18       APPOINTMENT REMOVAL AND RETIREMENT OF TRUSTEES

         18.1     The Company may at any time by writing under the hand of a
                  person duly authorised by a resolution of the Directors:

                  18.1.1   appoint a new Trustee including a corporate Trustee;
                           and

                  18.1.2   remove a Trustee from office (but not so as to leave
                           in office less than two Trustees unless a corporate
                           Trustee) without assigning any reason therefore and
                           shall give one month's notice after which such
                           removal shall (in the absence of any other date
                           specified in the notice) take place forthwith.

         18.2     All powers of appointment and removal shall be vested in the
                  Trustees in the event that the Company ceases to exist
                  otherwise than in consequence of a reconstruction or
                  amalgamation.

         18.3     A Trustee may retire by giving to the Company written notice
                  of his desire to retire and such notice shall take effect at
                  the expiry of three months (or such other period as may be
                  agreed with the Company) from the date of such notice. The
                  Trustee shall not be obliged to pay and shall not be
                  responsible for any costs occasioned by such retirement but
                  shall execute all such documents and do all such things as may
                  be necessary to give proper effect to such retirement.

         18.4     Forthwith upon his removal or retirement a Trustee shall
                  transfer all trust property held by him and deliver all
                  documents in his possession relating to the Plan to the
                  remaining Trustees (if any) or otherwise as the Company may
                  direct.

         18.5     The provisions of Sections 37 and 39 of the Trustee Act 1925
                  shall apply hereto as if any references therein to a trust
                  corporation were references to any corporation.

19       RESIDENCE AND NUMBER OF TRUSTEES

         The number of Trustees should be not less than two persons unless a
         company is appointed as sole Trustee. The Trustees shall at all times
         be resident in the United

                                       20
<PAGE>

         Kingdom for United Kingdom tax purposes. If there is only one Trustee
         it shall be a body corporate (which in accordance with Clause 18.5
         above need not be a trust corporation) at all times resident in the
         United Kingdom for United Kingdom tax purposes.

20       ALTERATIONS

         The Company may at any time (with the concurrence of the Trustees) by
         deed supplemental hereto alter any of the provisions of this Deed
         (including the Schedules hereto) subject to the provisions of Rule 22.

21       TERMINATION

         The trusts established by this Trust Deed shall (subject to the power
         of the Directors to terminate the Plan under Rule 23.1) continue for a
         period of eighty years commencing on the date of this Trust Deed and
         shall thereupon be wound up in accordance with Rule 23.3.

22       GENERAL

         22.1     This Deed shall be governed by and construed in accordance
                  with the laws of England.

         22.2     Schedule One shall have effect as part of this Deed.

                                       21
<PAGE>

IN WITNESS whereof the parties hereto have caused this Deed to be executed the
day and year first before written

THE COMMON SEAL OF                  )
KIMBERLY-CLARK  HOLDING LIMITED     )
was hereunto affixed                )
in the presence of                  )

                  Director                /s/ RODNEY S. OLSEN

                  Secretary               /s/ MARK MAURICE-JONES

SIGNED AS A DEED                    )
MOURANT ECS TRUSTEES LIMITED        )
was hereunto affixed                )
in the presence of                  )

                  Director                /s/ DOMINIC JONES

                  Authorized Signatory    /s/ ADRIAN GIBBS

                                       22
<PAGE>

                                  SCHEDULE ONE
                      RULES OF KIMBERLY-CLARK SHAREPLUS UK

1        DEFINITIONS

In these Rules the following words and expressions shall, where the context so
permits, have the meanings set forth below:

"ACCUMULATION PERIOD"               such period as the Directors shall determine
                                    under Rule 5.1.4 which shall begin no later
                                    than the date on which the first deduction
                                    of Partnership Share Money is made from a
                                    Participant's salary and end no later than
                                    twelve months after it began and which shall
                                    be the same for all Participants in the
                                    Plan;

"THE ACT"                           the Income and Corporation Taxes Act 1988;

"ACQUISITION DATE"                  the date on which Partnership Shares are
                                    acquired on behalf of Participants in
                                    accordance with Rule 6 of the Plan;

"APPROPRIATION DATE"                (1)      in relation to Free Shares, a date
                                             determined by the Directors (and
                                             agreed in advance with the
                                             Trustees) as the date on which Free
                                             Shares are to be appropriated to
                                             Participants in accordance with
                                             Rule 2 of the Plan; and

                                    (2)      in relation to Matching Shares, the
                                             date on which Matching Shares are
                                             to be appropriated to Participants
                                             in accordance with Rule 9 of the
                                             Plan; and

                                       23
<PAGE>

                                    (3)      in relation to Dividend Shares, the
                                             date on which the Dividend Shares
                                             are appropriated to Participants in
                                             accordance with Rule 12 of the
                                             Plan;

"ASSOCIATED COMPANY"                has the meaning in paragraph 126 of the
                                    Schedule;

"THE AUDITORS"                      the auditors for the time being of the
                                    Company acting as experts and not as
                                    arbitrators;

"CAPITAL RECEIPT"                   in relation to Plan Shares held on behalf of
                                    a Participant, any money or money's worth
                                    which the Trustees or the Participant become
                                    entitled to receive, save to the extent that
                                    it is disregarded pursuant to the provisions
                                    of paragraph 79(3) of the Schedule;

"THE COMPANY"                       KIMBERLY-CLARK HOLDING LIMITED registered in
                                    England under number 1961889;

"CONNECTED COMPANY"                 has the same meaning as in paragraph 16 (4)
                                    of the Schedule;

"CONTINUOUS EMPLOYMENT"             the meaning ascribed by Chapter I of Part
                                    XIV of the Employment Rights Act 1996;

"CONTROL"                           the meaning ascribed by Section 840 of the
                                    Act;

"DEALING DAY"                       a day on which the New York Stock Exchange
                                    is open for the transaction of business;

                                       24
<PAGE>

"THE DEED"                          the Trust Deed constituting, inter alia, the
                                    Plan as amended from time to time;

"THE DIRECTORS"                     the Shareplus Management Committee including
                                    the European HR Policy Council;

"DIVIDEND SHARES"                   Shares which satisfy the requirements of
                                    paragraph 55 of the Schedule and are
                                    appropriated to Participants under Rule 12
                                    and held by the Trustees upon the terms of
                                    the Plan;

"DIVIDEND SHARE LIMIT"              the limit specified in paragraph 54 of the
                                    Schedule from time to time;

"ELIGIBLE EMPLOYEE"                 any person who on the applicable
                                    Appropriation Date or the date of the
                                    deduction of Partnership Share Money
                                    relating to the award or where an
                                    Accumulation Period applies the date of the
                                    first deduction of Partnership Share Money
                                    relating to the award is an employee of the
                                    Company (or any Participating Company); and

                                    (1)      is chargeable to tax in respect of
                                             his employment under Case I of
                                             Schedule E; and

                                    (2)      any other employee who the
                                             Directors in their absolute
                                             discretion may permit to
                                             participate in the Plan

                                    PROVIDED THAT

                                    (1)      a person who is ineligible to
                                             participate by virtue of paragraph
                                             15 of the

                                       25
<PAGE>

                                             Schedule shall not be treated as an
                                             Eligible Employee; and

                                    (2)      a person shall not be eligible to
                                             receive an appropriation of Free
                                             Shares in a Year of Assessment if
                                             in that Year of Assessment:

                                             (a)      shares have been
                                                      appropriated to him under
                                                      an approved profit sharing
                                                      scheme established by the
                                                      Company or a Connected
                                                      Company and approved under
                                                      Schedule 9 of the Act; or

                                             (b)      he has participated or is
                                                      to participate or would
                                                      have participated but for
                                                      his failure to obtain an
                                                      appropriation based on a
                                                      performance related
                                                      formula in another share
                                                      incentive plan established
                                                      by the Company or a
                                                      Connected Company and
                                                      approved under the
                                                      Schedule

                                             and

                                             (3)      a person shall not be
                                                      eligible to participate in
                                                      an award of Partnership
                                                      Shares or Matching Shares
                                                      in a Year of Assessment if
                                                      in that Year of Assessment
                                                      he has participated or is
                                                      to participate in an award
                                                      of shares under another

                                       26
<PAGE>

                                                      employee share incentive
                                                      plan established by the
                                                      Company or a Connected
                                                      Company and approved under
                                                      the Schedule;

"FORFEITURE PERIOD"                 in relation to Free Shares and Matching
                                    Shares the period beginning on the
                                    applicable Appropriation Date and ending on
                                    such date as the Directors shall determine
                                    being no later than the third anniversary of
                                    such Appropriation Date which shall apply to
                                    all Free Shares and Matching Shares in the
                                    same appropriation;

"FREE SHARES"                       Shares which are appropriated to an Eligible
                                    Employee under Rule 2 and held by the
                                    Trustees upon the terms of the Plan;

"FREE SHARE AGREEMENT"              An agreement in the form (or substantially
                                    in the form) of Schedule Three, adapted as
                                    appropriate;

"FREE SHARE LIMIT"                  a US dollar equivalent of L.3,000 or such
                                    other amount as may be specified in
                                    paragraph 24 of the Schedule from time to
                                    time;

"GROUP"                             the Company, any Subsidiary and any
                                    Associated Company of the Company from time
                                    to time;

"HOLDING PERIOD"                    in relation to Free Shares, Matching Shares
                                    and Dividend Shares the period beginning on
                                    the applicable Appropriation Date and ending
                                    on:

                                       27
<PAGE>

                                    (1)      in the case of Free Shares and
                                             Matching Shares such date as the
                                             Directors shall determine being no
                                             earlier than the third anniversary
                                             nor later than the fifth
                                             anniversary of such date; and

                                    (2)      in the case of Dividend Shares the
                                             third anniversary of such date;

                                    and which period shall not be increased in
                                    respect of Free Shares, Matching Shares and
                                    Dividend Shares already awarded under the
                                    Plan.

"INITIAL MARKET VALUE"                       in relation to a Share on any date:

                                             (1)      save as mentioned in (2)
                                                      below, its Market Value on
                                                      the Appropriation Date,
                                                      Acquisition Date or where
                                                      the Directors have
                                                      determined that an
                                                      Accumulation Period
                                                      applies the first day of
                                                      the Accumulation Period or
                                                      the Acquisition Date in
                                                      accordance with Rule 6.2
                                                      (as appropriate); or

                                             (2)      if and so long as the
                                                      Shares are listed on the
                                                      New York Stock Exchange,
                                                      its Market Value on the
                                                      Appropriation Date,
                                                      Acquisition Date or where
                                                      the Directors have
                                                      determined that

                                       28
<PAGE>

                                             an Accumulation Period applies the
                                             first day of the Accumulation
                                             Period or the Acquisition Date in
                                             accordance with Rule 6.2;

"KEY FEATURE"                       a feature of the Plan which is a provision
                                    which is necessary in order to meet the
                                    requirements of the Schedule;

"JOINTLY OWNED COMPANY"             a company which satisfies the provisions of
                                    paragraph 127 of the Schedule;

"LETTER OF OFFER"                   a letter in the form (or substantially in
                                    the form) of Schedule Two, adapted as
                                    appropriate;

"MARKET VALUE"                      in relation to a Share on any date:

                                    (1)      save as mentioned in (2) below, its
                                             market value as determined in
                                             accordance with Part VIII of the
                                             Taxation of Chargeable Gains Act
                                             1992 and agreed in advance with
                                             Inland Revenue Shares Valuation; or

                                    (2)      if and so long as the Shares are
                                             listed on the New York Stock
                                             Exchange;

                                             (a)      if, and only if, all the
                                                      Shares acquired for
                                                      allocation to Participants
                                                      on an Acquisition Date or

                                       29
<PAGE>

                                                      an Appropriation Date are
                                                      purchased and allocated to
                                                      all Participants on the
                                                      same day, the average of
                                                      the prices paid by the
                                                      Trustees for those shares

                                             or

                                             (b)      if all the Shares acquired
                                                      for Participants are not
                                                      purchased and awarded to
                                                      all Participants on the
                                                      same day, its average
                                                      quoted price on the New
                                                      York Stock Exchange on the
                                                      immediately preceding
                                                      Dealing Day.

"MATCHING SHARES"                   Shares which satisfy the requirements of
                                    paragraph 50 of the Schedule and are
                                    appropriated to an Eligible Employee under
                                    Rule 9 and held by the Trustees upon the
                                    terms of the Plan;

"PARENT"                            Kimberly-Clark Corporation, a corporation
                                    registered in the State of Delaware U.S.A.;

"PARTICIPANT"                       an Eligible Employee who has entered into a
                                    Free Share Agreement or Partnership Share
                                    Agreement to participate in the Plan;

"PARTICIPATING COMPANY"             the Company and any Jointly Owned Company,
                                    and any Subsidiary which is

                                       30
<PAGE>

                                    under the Control of the Company, designated
                                    by the Directors as a Participating Company
                                    which has executed a suitable deed of
                                    adherence;

"PARTNERSHIP SHARES"                Shares which are acquired by or on behalf of
                                    Eligible Employees under Rule 6 and held by
                                    the Trustees upon the terms of the Plan;

"PARTNERSHIP SHARE AGREEMENT"       An agreement in the form (or substantially
                                    in the form) of Schedule Four, adapted as
                                    appropriate;

"PARTNERSHIP SHARE LIMIT"           the lower of L.125 per month and 4% of an
                                    Eligible Employee's Salary (or such other
                                    amounts as may be determined by the
                                    Directors from time to time which do not
                                    exceed the amounts specified in paragraph 36
                                    of the Schedule);

"PARTNERSHIP SHARE MONEY"           if the Directors determine that an
                                    Accumulation Period will apply the aggregate
                                    amount of all deductions, otherwise the
                                    deduction made from a Participant's Salary
                                    in accordance with the Partnership Share
                                    Agreement before it is used to acquire
                                    Partnership Shares on his behalf;

"PLAN"                              Kimberly-Clark shareplus UK in its present
                                    form, or as from time to time altered in
                                    accordance with its Rules;

                                       31
<PAGE>

"PLAN SHARES"                       Shares held by the Trustees upon the terms
                                    of the Plan on behalf of the Participants
                                    comprising Free, Partnership, Matching and
                                    Dividend Shares and shares in relation to
                                    which paragraph 115(5) of the Schedule
                                    applies;

"RECONSTRUCTION OR TAKE-OVER"       a transaction affecting any Plan Shares
                                    which:

                                    (1)      is an offer for those Plan Shares
                                             which, if accepted, would result in
                                             a new holding of shares being
                                             equated with such Plan Shares for
                                             the purposes of capital gains tax;
                                             or

                                    (2)      is a transaction mentioned in
                                             Chapter II of Part V of the
                                             Taxation of Chargeable Gains Act
                                             1992 which would result in a new
                                             holding being equated with such
                                             Plan Shares for the purposes of
                                             capital gains tax were it not for
                                             the fact that what would be the new
                                             holding consists of or includes a
                                             qualifying corporate bond (within
                                             the meaning of Section 117 of the
                                             Taxation of Chargeable Gains Act
                                             1992); or

                                    (3)      is entered into pursuant to a
                                             scheme of arrangement or a

                                       32
<PAGE>

                                             compromise applicable to or
                                             affecting:

                                             (a)      all the issued ordinary
                                                      share capital of the
                                                      Relevant Company or, as
                                                      the case may be, all of it
                                                      that is of the class in
                                                      question; or

                                             (b)      all the shares, or shares
                                                      of the class in question,
                                                      which are held by a class
                                                      of shareholders identified
                                                      otherwise than by
                                                      reference to their
                                                      employment or their
                                                      participation in an
                                                      employee share incentive
                                                      plan approved by the
                                                      Inland Revenue under the
                                                      Schedule;

                                             or

                                    (4)      is an offer of cash (with or
                                             without other assets) where the
                                             offer forms part of a general offer
                                             which is made to the holders of
                                             shares of the same class in the
                                             Relevant Company and which is made
                                             in the first instance on a
                                             condition such that if it is
                                             satisfied the offeror will have
                                             Control of the Relevant Company;

                                       33
<PAGE>

"THE RELEASE DATE"                  (1)      in relation to Free Shares,
                                             Matching Shares and Dividend
                                             Shares, the day following the last
                                             day of the applicable Holding
                                             Period;

                                    (2)      in relation to Partnership Shares,
                                             the period beginning on the
                                             applicable Acquisition Date and
                                             ending on the third anniversary of
                                             such date;

"RELEVANT COMPANY"                  the Parent or any other company whose shares
                                    are, as a result of a Reconstruction or
                                    Take-over, Plan Shares;

"RELEVANT EMPLOYMENT"               employment by the Company, a Participating
                                    Company or any Associated Company of the
                                    Company;

"RETIREMENT AGE"                    age 50;

"RULES"                             the rules of the Plan (and "Rule" shall be
                                    construed accordingly);

"SALARY"                            the meaning ascribed by paragraph 48 of the
                                    Schedule;

"THE SCHEDULE"                      Schedule 8 to the Finance Act 2000;

                                       34
<PAGE>

"SHARE"                             a share (including for the avoidance of
                                    doubt a fraction of a share) of common stock
                                    in the Parent satisfying paragraphs 60 to 67
                                    inclusive of the Schedule;

"SUBSIDIARY"                        the meaning ascribed by Section 736 of the
                                    Companies Act 1985;

"TAX FREE DATE"                     (1)      In relation to Free Shares,
                                             Partnership Shares and Matching
                                             Shares, the fifth anniversary of
                                             their Appropriation Date or
                                             Acquisition Date (as appropriate);
                                             and

                                    (2)      in relation to Dividend Shares, the
                                             third anniversary of their
                                             Appropriation Date;

"TERMINATION PERIOD"                the period of three months commencing on the
                                    day on which a plan termination notice is
                                    sent out under Rule 23.2;

"TRUSTEES"                          the Trustees referred to in the Deed, or
                                    such other person or persons who is or are
                                    the trustee or trustees from time to time of
                                    the Plan;

"T.U.P.E TRANSFER"                  a transfer to which the Transfer of
                                    Undertakings (Protection of Employment)
                                    Regulations 1981 applies;

"US DOLLAR EQUIVALENT OF"           means in relation to a pounds sterling
                                    amount on any date the equivalent of that

                                       35
<PAGE>

                                    amount expressed in US dollars calculated by
                                    reference to the selling rate for UK
                                    sterling against US dollars as quoted by
                                    HSBC Bank or such other bank as may be
                                    selected by the Board at the relevant date;

"YEAR OF ASSESSMENT"                a year beginning on any 6 April and ending
                                    on the following 5 April.

References to any statutory provision are to that provision as amended or
re-enacted from time to time and, unless the context otherwise requires, words
in the singular include the plural (and vice versa) and words importing the
masculine shall include the feminine (and vice versa).

PART ONE - FREE SHARES

2        APPROPRIATION OF FREE SHARES

         2.1      When the Directors have determined to operate the Plan by
                  offering Free Shares on the same terms to Eligible Employees,
                  a Letter of Offer shall be issued to each Eligible Employee
                  asking him to consent to the appropriation of Free Shares on
                  the proposed Appropriation Date by signing and returning as
                  directed the accompanying Free Share Agreement duly completed
                  and signed. The Letter of Offer shall specify the Holding
                  Period which the Directors have determined will apply to the
                  Free Shares appropriated on the Appropriation Date and any
                  Forfeiture Period that will apply to the Free Shares.

         2.2      A Free Share Agreement entered into in accordance with this
                  Rule 2 shall bind the relevant Eligible Employee in contract
                  with the Company:

                                       36
<PAGE>

                  2.2.1    to permit the Free Shares appropriated to him to
                           remain in the hands of the Trustees throughout the
                           applicable Holding Period; and

                  2.2.2    not to assign, charge or otherwise dispose of his
                           beneficial interest in those Free Shares during the
                           applicable Holding Period; and

                  2.2.3    if the Company in accordance with Rule 4.2 directs
                           the Trustees to transfer the legal ownership of any
                           Free Shares to the Eligible Employee at any time
                           before the applicable Release Date, to pay to the
                           Trustees before such transfer takes place, or to
                           allow the Trustees to sell some or all of his Free
                           Shares in order to raise, a sum equal to income tax
                           at the appropriate rate on the Market Value of such
                           Free Shares at the time of such transfer together
                           with any Primary Class I National Insurance liability
                           which may arise; and

                  2.2.4    if he or the Company in accordance with Rule 4.2
                           directs the Trustees to transfer the legal ownership
                           of any Free Shares to the Eligible Employee at any
                           time after the applicable Release Date but before the
                           applicable Tax Free Date, to pay to the Trustees
                           before such transfer takes place or to allow the
                           Trustees to sell some or all of his Free Shares in
                           order to raise a sum equal to income tax at the
                           appropriate rate on the lesser of:

                           (a)      the Initial Market Value of the Free Shares;
                                    and

                           (b)      the Market Value of the Free Shares at the
                                    time of such transfer

                           together with any Primary Class I National Insurance
                           liability which may arise.

         2.3      Free Shares shall be appropriated on an Appropriation Date
                  amongst Eligible Employees who have entered into a Free Share
                  Agreement in

                                       37
<PAGE>

                  accordance with such one or more of the methods set out in
                  Rules 2.3.1, 2.3.2, 2.3.3, 2.3.4 or 2.3.5 as the Directors
                  shall determine. Every Eligible Employee who does participate
                  must do so on the same terms.

                  2.3.1    Eligible Employees shall receive Free Shares having
                           an Initial Market Value equal to such percentage of
                           their annual Salary as the Directors shall determine;
                           and/or

                  2.3.2    Eligible Employees shall receive a number of Free
                           Shares per year of Continuous Employment with one or
                           more Participating Companies and/or Subsidiaries;
                           and/or

                  2.3.3    Eligible Employees shall receive a number of Free
                           Shares according to the number of hours worked per
                           week with their employing company; and/or

                  2.3.4    Eligible Employees shall receive a fixed number of
                           Shares or a number of Shares with a Market Value
                           equal to a fixed sum; and/or

                  2.3.5    such other formula relating to the performance of the
                           Eligible Employee, the Company or the Eligible
                           Employee's business unit to be determined by the
                           Directors (the "Performance Related Formula")
                           PROVIDED THAT if a Performance Related Formula is
                           selected, either 2.3.5.1 or 2.3.5.2 will apply;

                           2.3.5.1  (a)      at least 20% of the Free Shares
                                             appropriated on the Appropriation
                                             Date must be appropriated in
                                             accordance with Rules 2.3.1, 2.3.2,
                                             2.3.3 and/or 2.3.4 without
                                             reference to the Performance
                                             Related Formula; and

                                    (b)      the appropriation of Free Shares
                                             with the highest Initial Market
                                             Value to any Eligible Employee on
                                             any Appropriation Date under the
                                             Performance Related Formula may not
                                             exceed

                                       38
<PAGE>

                                             four times the highest Initial
                                             Market Value of Free Shares
                                             appropriated to any Eligible
                                             Employee under any of the formulae
                                             set out under Rules 2.3.1, 2.3.2,
                                             2.3.3 and 2.3.4; or

                           2.3.5.2  (a)      some or all of the Free Shares must
                                             be appropriated according to a
                                             Performance Related Formula which
                                             must be comparable in terms of the
                                             likelihood of being met by each of
                                             the performance units to which it
                                             applies; and

                                    (b)      Free Shares appropriated to members
                                             of the same performance unit must
                                             satisfy Rules 2.3.1, 2.3.2, 2.3.3
                                             or 2.3.4.

         2.4      Where a Performance Related Formula is selected:

                  2.4.1    the same method as set out in either Rule 2.3.5.1 or
                           Rule 2.3.5.2 shall be used for all Eligible Employees
                           who take part in an appropriation;

                  2.4.2    the Letter of Offer issued to Eligible Employees
                           under Rule 2.1 shall include notification of the
                           Performance Related Formula as it applies to each
                           Eligible Employee; and

                  2.4.3    a notice describing the Performance Related Formula
                           in general terms must be [put on display for all
                           employees of the Group] [sent to all employees in
                           the Group] before the beginning of the period to
                           which the Performance Related Formula will relate.

         2.5      Where Free Shares have been appropriated under this Rule 2 the
                  Trustees will send a Notice of Appropriation to each
                  Participant to whom such Shares have been appropriated in
                  accordance with Clause 2.7 of the Deed.

                                       39
<PAGE>

         2.6      The aggregate of the Market Value of all Free Shares which may
                  be appropriated to any Participant in any Year of Assessment
                  shall not exceed the Free Share Limit.

3        TRANSFER OF FREE SHARES

         3.1      In accordance with the Free Share Agreement entered into
                  between a Participant and the Company under Rule 2, a
                  Participant may direct the Trustees to transfer the legal
                  ownership of his Free Shares to him at any time on or after
                  the Release Date that applies to them.

         3.2      Any direction given by a Participant under Rule 3.1 must be in
                  the form (or substantially in the form) of Schedule Six,
                  adapted as appropriate. The Trustees will transfer the
                  relevant Free Shares as soon as practicable after receipt of
                  the direction.

4        CESSATION OF EMPLOYMENT AND WITHDRAWAL OF FREE SHARES FROM THE PLAN

         4.1      In the event of a Participant ceasing to be employed by the
                  Group at any time by reason of:

                  4.1.1    injury, disability, redundancy (within the meaning of
                           the Employment Rights Act 1996); or

                  4.1.2    a T.U.P.E transfer; or

                  4.1.3    a change of Control or other circumstances ending the
                           Associated Company status of the company by which he
                           is employed; or

                  4.1.4    retirement on or after reaching Retirement Age; or

                  4.1.5    death

                                       40
<PAGE>

                  the Directors shall procure that his Free Shares are
                  transferred to him or his personal representatives by the
                  Trustees as soon as practicable after such cessation.

         4.2      In the event of a Participant ceasing to be employed by the
                  Group in any circumstances other than those set out in Rule
                  4.1 or otherwise instructs the Trustees to transfer his Free
                  Shares to him:

                  4.2.1    on or after the applicable Release Date but before
                           the applicable Tax Free Date, the Directors shall
                           procure that his Free Shares are transferred to him
                           by the Trustees, subject to the disposal by the
                           Trustees of sufficient Free Shares to enable them to
                           meet their PAYE liabilities or payment to the
                           Trustees by the Participant of a sum equal to income
                           tax at the appropriate rate on the lesser of:

                           a)       the Initial Market Value of such Free
                                    Shares; and

                           b)       the Market Value of such Free Shares on the
                                    date of his cessation of employment;

                           together with any Primary Class I National Insurance
                           liability that may arise in accordance with the Free
                           Share Agreement that relates to them, as soon as
                           practicable (and in any event within 30 days) after
                           such cessation; or

                  4.2.2    in relation to cessation of employment only, after
                           the Forfeiture Period and before the applicable
                           Release Date, the Directors shall procure that his
                           Free Shares are transferred to him by the Trustees,
                           subject to the disposal by the Trustees of sufficient
                           Free Shares to enable them to meet their PAYE
                           liabilities or payment to the Trustees by the
                           Participant of a sum equal to income tax at the
                           appropriate rate on the Market Value of such Free
                           Shares together with any Primary Class I National
                           Insurance liability that may arise, in accordance
                           with the Free

                                       41
<PAGE>

                           Share Agreement that relates to them, as soon as
                           practicable (and in any event within 30 days) after
                           such cessation.

         4.3      In the event of a Participant ceasing to be employed by the
                  Group in any circumstances other than those set out in Rule
                  4.1 before the end of the applicable Forfeiture Period he will
                  forfeit his Free Shares and thereafter have no further
                  entitlement to them.

         4.4      TAKEOVERS

                  4.4.1    A Participant may during the Holding Period direct
                           the Trustees:

                           4.4.1.1  to accept an offer for any of his Free
                                    Shares if the acceptance or agreement will
                                    result in a new holding being equated with
                                    those Shares for the purposes of capital
                                    gains tax; or

                           4.4.1.2  to accept an offer of a qualifying corporate
                                    bond (whether alone or with other assets or
                                    cash or both) for his Free Shares if the
                                    offer forms part of such a general offer as
                                    is mentioned in paragraph 32(c) of the
                                    Schedule; or

                           4.4.1.3  to accept an offer of cash, with or without
                                    other assets, for his Free Shares if the
                                    offer forms part of a general offer which is
                                    made to holders of shares of the same class
                                    as his Shares, or to holders of shares in
                                    the same company and which is made in the
                                    first instance on a condition such that if
                                    it is satisfied the person making the offer
                                    shall have control of that company, within
                                    the meaning of section 416 of the Act; or

                           4.4.1.4  to agree to a transaction affecting his Free
                                    Shares or such of them as are of a
                                    particular class, if the

                                       42
<PAGE>

                                    transaction would be entered into pursuant
                                    to a compromise, arrangement or scheme
                                    applicable to or affecting:

                                    (a)      all of the ordinary share capital
                                             of the Parent or, as the case may
                                             be, all the shares of the class in
                                             question; or

                                    (b)      all the shares, or all the shares
                                             of the class in question, which are
                                             held by a class of shareholders
                                             identified otherwise than by
                                             reference to their employment or
                                             their participation in a plan
                                             approved under the Schedule.

PART TWO - PARTNERSHIP SHARES

5        INVITATIONS TO ACQUIRE PARTNERSHIP SHARES

         5.1      When the Directors have determined to operate the Plan by
                  inviting Eligible Employees to acquire Partnership Shares on
                  the same terms, a Letter of Offer shall be issued to each
                  Eligible Employee inviting him to enter into an agreement with
                  the Company by signing and returning as directed the
                  accompanying Partnership Share Agreement duly completed and
                  signed by such date at least 14 days after the date of the
                  Letter of Offer as shall be specified in the Letter of Offer.
                  The Letter of Offer shall specify:

                  5.1.1    whether the Directors have determined to offer
                           Matching Shares to Eligible Employees who enter into
                           a Partnership Share Agreement; and

                  5.1.2    the basis on which such Matching Shares will be
                           appropriated; and

                                       43
<PAGE>

                  5.1.3    any Forfeiture Period that will apply to the Matching
                           Shares; and

                  5.1.4    the starting date and length of the Accumulation
                           Period (as determined by the Directors).

         5.2      The Company may specify the maximum number of Shares to be
                  included in an offer of Partnership Shares.

                  5.2.1    The Partnership Share Agreement shall contain an
                           undertaking by the Company to notify each Eligible
                           Employee of any restriction on the number of Shares
                           to be included in an offer.

                  5.2.2    The notification in Rule 5.2.1 shall be given:

                           a)       If there is no Accumulation Period, before
                                    the deduction of the Partnership Share Money
                                    relating to the offer; and

                           b)       If there is an Accumulation Period, before
                                    the beginning of the Accumulation Period
                                    relating to the offer.

         5.3      A Partnership Share Agreement entered into in accordance with
                  this Rule 5 shall bind the relevant Eligible Employee in
                  contract with the Company:

                  5.3.1    to permit the Company to deduct from his Salary each
                           month an amount neither less than L.10 nor
                           exceeding the Partnership Share Limit; and

                  5.3.2    to permit the Company to use the amount deducted
                           under Rule 5.3.1 above to acquire (or to arrange the
                           acquisition of) Partnership Shares on behalf of the
                           Eligible Employee and to hold them in accordance with
                           the Rules of the Plan; and

                  5.3.3    if he directs the Trustees to transfer the legal
                           ownership of any Partnership Shares to him at any
                           time before the applicable Release Date, to pay to
                           the Trustees before such transfer takes place or to
                           allow the Trustees to sell some or all of his
                           Partnership Shares in order to raise a sum equal to
                           income tax

                                       44
<PAGE>

                           at the appropriate rate on the Market Value of such
                           Partnership Shares at the time of such transfer
                           together with any Primary Class I National Insurance
                           liability that may arise; and

                  5.3.4    if he directs the Trustees to transfer the legal
                           ownership of any Partnership Shares to him at any
                           time on or after the applicable Release Date but
                           before the applicable Tax Free Date, to pay to the
                           Trustees before such transfer takes place or to allow
                           the Trustees to sell some or all of his Partnership
                           Shares in order to raise a sum equal to income tax at
                           the appropriate rate on the lesser of:

                           a)       the Partnership Share Money used to acquire
                                    the Partnership Shares; and

                           b)       the Market Value of the relevant Partnership
                                    Shares at the time of such transfer

                           together with any Primary Class I National Insurance
                           liability that may arise.

         5.4      A Partnership Share Agreement entered into under Rule 5.1
                  above will not be valid unless it contains a notice as
                  prescribed by paragraph 38 of the Schedule.

         5.5      Where Partnership Shares have been acquired on behalf of
                  Participants the Trustees will send a Notice of Acquisition to
                  each Participant on whose behalf such Shares have been
                  acquired in accordance with the provisions of Clause 2.7 of
                  the Deed.

         5.6      A Partnership Share Agreement shall include a provision
                  allowing the Participant, by written notice to the Company, to
                  stop the deductions from his Salary with effect from a date
                  specified in the notice. Following such a notice, the
                  Participant may, by further notice in writing, direct the
                  Company to re-start the deductions from his Salary,

                                       45
<PAGE>

                  provided that the deductions that have been missed in the
                  interim period may not be made up.

         5.7      A Partnership Share Agreement shall include a provision
                  allowing the Participant, by written notice to the Company, to
                  elect to change the level of deductions from Salary on two
                  occasions in each calendar year.

         5.8      A Partnership Share Agreement shall include a provision
                  allowing the Participant, by written notice to the Company, to
                  withdraw from the Partnership Share Agreement at any time.

6        ACQUISITION OF PARTNERSHIP SHARES

         The Directors shall determine whether an Accumulation Period shall
apply.

         6.1      Where the Directors have determined that an Accumulation
                  Period shall not apply to an offer of Partnership Shares:

                  6.1.1    All Partnership Share Money deducted by the Company
                           in accordance with the Partnership Share Agreement
                           entered into under Rule 5.1 shall be transferred
                           directly to the Trustees. Within 30 days after the
                           Partnership Share Money was deducted from
                           Participants' Salaries the Trustees shall use it in
                           the acquisition of Partnership Shares on behalf of
                           Participants. For the purpose of this Rule 6.1
                           'acquisition' shall mean subscription for, purchase
                           of or allocation of Shares already held by the
                           Trustees which are not Free Shares, Partnership
                           Shares, Matching Shares or Dividend Shares.

                  6.1.2    The number of Partnership Shares to be acquired on
                           behalf of each Participant shall be determined in
                           accordance with the Market Value of the Partnership
                           Shares on the Acquisition Date.

                                       46
<PAGE>

         6.2      Where the Directors have determined that an Accumulation
                  Period shall apply:

                  6.2.1    All Partnership Share Money deducted by the Company
                           during the Accumulation Period shall be transferred
                           to the Trustees within 30 days of its deduction from
                           Participants' Salaries. The Trustees will then hold
                           the Partnership Share Money until the end of the
                           Accumulation Period. Within 30 days after the end of
                           the Accumulation Period the Trustees shall use the
                           Partnership Share Money in the acquisition of
                           Partnership Shares on behalf of Participants.

                  6.2.2    The number of Partnership Shares to be acquired on
                           behalf of each Participant shall be determined by
                           reference to the lower of:

                           a)       the Market Value of Shares on the first day
                                    of the Accumulation Period; and

                           b)       the Market Value of Shares on the
                                    Acquisition Date.

         6.3      Any amount deducted in excess of that allowed by rule 6.1.1 or
                  6.2.1 shall be paid over to the employee subject to the
                  deduction of income tax under PAYE and in addition any
                  liability to Primary National Insurance Contributions which
                  may arise.

         6.4      If the account opened under Clause 2.3 of the Deed earns
                  interest, the Trustees must pay any interest earned to the
                  Participant.

         6.5      If the Company receives applications for Partnership Shares
                  exceeding the maximum determined by the Directors on that
                  occasion then the following steps shall be taken in sequence
                  until the excess is eliminated.

                  6.5.1    the excess of the monthly deduction chosen by each
                           application over L.10 shall be reduced
                           pro rata;

                                       47
<PAGE>

                  6.5.2    all monthly deductions shall be reduced to L.10;

                  6.5.3    applications shall be selected by lot, each based on
                           a monthly deduction of L.10.

                  Each application shall be deemed to have been modified or
                  withdrawn in accordance with the foregoing provisions, and
                  each Eligible Employee who has applied for Partnership Shares
                  shall be notified of the change.

7        TRANSFER OF PARTNERSHIP SHARES

         7.1      In accordance with a Partnership Share Agreement entered into
                  between a Participant and the Company under Rule 5, a
                  Participant may withdraw from the Partnership Share Agreement
                  at any time by notice in writing to the Company, which notice
                  shall take effect 30 days after its receipt, or on such later
                  date as may be specified in the notice. The Participant may
                  then:

                  a)       direct the Trustees to transfer to him any
                           Partnership Share Money held on his behalf at any
                           time; and/or

                  b)       direct the Trustees to transfer the legal ownership
                           of his Partnership Shares at any time.

         7.2      A Participant may withdraw any or all of his Partnership
                  Shares from the Plan at any time.

         7.3      The transfer of any Partnership Share Money and/or Partnership
                  Shares shall be subject to the withholding of the amount
                  necessary to pay income tax at the appropriate rate together
                  with any Primary Class I National Insurance liability that may
                  arise in accordance with the Partnership Share Agreement
                  relating to them. The Trustees will transfer the relevant
                  Partnership Share Money and/or Partnership Shares to the
                  Participant as soon as practicable after receipt of the
                  direction and in any event within 30 days thereof.

                                       48
<PAGE>

         7.4      If Matching Shares have been appropriated to a Participant in
                  relation to Partnership Shares that have been acquired on his
                  behalf in accordance with a Partnership Share Agreement, any
                  request to the Trustees to transfer those Partnership Shares
                  to him under Rule 7.1 or any transfer of those Partnership
                  Shares to him under Rule 8 before the end of the Forfeiture
                  Period for the Matching Shares will cause him to forfeit the
                  corresponding Matching Shares and he will thereafter have no
                  further entitlement to them.

         7.5      Where an Accumulation Period applies, in accordance with a
                  Partnership Share Agreement entered into between a Participant
                  and the Company under Rule 5, a Participant may by notice in
                  writing to the Company (which notice shall take effect 30 days
                  after its receipt unless a later date is specified in the
                  notice) direct the Company to stop making deductions from his
                  Salary under the terms of the Partnership Share Agreement.
                  Where such notice is given by a Participant he may at a later
                  date during the Accumulation Period by notice in writing to
                  the Company, which notice shall take effect within 30 days
                  after its receipt (unless a later date is specified in the
                  notice) direct the Company to resume making deductions from
                  his Salary under the terms of the Partnership Share Agreement
                  until the end of the Accumulation Period.

8        CESSATION OF EMPLOYMENT

         8.1      In the event of a Participant ceasing to be employed by the
                  Group in any circumstances the Directors shall, subject to
                  Rule 8.2, procure that his Partnership Shares and any
                  Partnership Share Money held by the Trustees on his behalf are
                  transferred to him by the Trustees as soon as practicable
                  after such cessation.

         8.2      Unless Rule 8.3 applies, if the cessation of the Participant's
                  employment occurs before the Tax Free Date applicable to his
                  Partnership Shares or while Partnership Share Money is held on
                  his

                                       49
<PAGE>

                  behalf, the transfer of those Partnership Shares and that
                  Partnership Share Money to him by the Trustees shall be
                  subject both to the withholding of the amount necessary to pay
                  income tax at the appropriate rate in accordance with the
                  provisions of Rules 5.3.3 and/or 5.3.4 and to the withholding
                  of the amount necessary to pay income tax at the appropriate
                  rate on such Partnership Share Money, in each case in
                  accordance with the Partnership Share Agreement that relates
                  to them and together with any Primary Class I National
                  Insurance liability that may arise.

         8.3      In the event of a Participant ceasing to be employed by the
                  Group at any time by reason of:

                  8.3.1    injury, disability, redundancy (within the meaning of
                           the Employment Rights Act 1996); or

                  8.3.2    a T.U.P.E transfer; or

                  8.3.3    a change of Control or other circumstances ending the
                           Associated Company status of the company by which he
                           is employed; or

                  8.3.4    retirement on or after reaching Retirement Age; or

                  8.3.5    death

                  the Directors shall procure that his Partnership Shares and
                  Partnership Share Money are transferred to him or his personal
                  representatives as soon as practicable after such cessation.

                                       50
<PAGE>

PART THREE - MATCHING SHARES

9        APPROPRIATION OF MATCHING SHARES

         9.1      When the Directors have determined to operate the Plan by
                  appropriating Matching Shares on the same terms to Eligible
                  Employees who enter into a Partnership Share Agreement under
                  Rule 5, the Letter of Offer issued to each Eligible Employee
                  under Rule 5 shall contain information about such
                  determination, including the number of Matching Shares that
                  will be appropriated for each Partnership Share (being not
                  more than two for one).

         9.2      Where the Directors have determined to appropriate Matching
                  Shares to Eligible Employees who enter into a Partnership
                  Share Agreement under Rule 5, the Partnership Share Agreement
                  will bind the relevant Eligible Employee in contract with the
                  Company:

                  9.2.1    to permit the Matching Shares appropriated to him to
                           remain in the hands of the Trustees throughout the
                           applicable Holding Period; and

                  9.2.2    not to assign, charge or otherwise dispose of his
                           beneficial interest in those Matching Shares during
                           the applicable Holding Period; and

                  9.2.3    if the Company in accordance with Rule 11.2 directs
                           the Trustees to transfer the legal ownership of any
                           Matching Shares to the Participant before the
                           applicable Release Date, to pay to the Trustees
                           before such transfer takes place or to allow the
                           Trustees to sell some or all of his Matching Shares
                           in order to raise a sum equal to income tax at the
                           appropriate rate on the Market Value of such Matching
                           Shares at the time of such transfer together with any
                           Primary Class I National Insurance liability that may
                           arise; and

                                       51
<PAGE>

                  9.2.4    if he or the Company in accordance with Rule 11.2
                           directs the Trustees to transfer the legal ownership
                           of any Matching Shares to him at any time on or after
                           the applicable Release Date but before the applicable
                           Tax Free Date, to pay to the Trustees before such
                           transfer takes place or to allow the Trustees to sell
                           some or all of his Matching Shares in order to raise
                           a sum equal to income tax at the appropriate rate on
                           the lesser of:

                           a)       the Initial Market Value of the Matching
                                    Shares; and

                           b)       the Market Value of the Matching Shares at
                                    the time of such transfer together with any
                                    Primary Class I National Insurance liability
                                    that may arise.

         9.3      Where Matching Shares are appropriated under this Rule 9 the
                  Trustees will send a Notice of Acquisition/Appropriation to
                  each Participant to whom such Shares have been appropriated in
                  accordance with the provisions of Clause 2.7 of the Deed.

10       TRANSFER OF MATCHING SHARES

         10.1     In accordance with the Partnership Share Agreement entered
                  into between a Participant and the Company under Rule 5, a
                  Participant may direct the Trustees to transfer the legal
                  ownership of his Matching Shares to him at any date on or
                  after the Release Date that applies to them.

         10.2     Any direction given by a Participant under Rule 10.1 must be
                  in the form (or substantially the form) of Schedule Six,
                  adapted as appropriate. The Trustees will transfer the
                  relevant Matching Shares as soon as practicable after the
                  receipt of the direction.

                                       52
<PAGE>

11       CESSATION OF EMPLOYMENT AND WITHDRAWAL OF MATCHING SHARES FROM THE PLAN

         11.1     In the event of a Participant ceasing to be employed by the
                  Group at any time by reason of:

                  11.1.1   injury, disability, redundancy (within the meaning of
                           the Employment Rights Act 1996); or

                  11.1.2   a T.U.P.E. transfer or;

                  11.1.3   a change of Control or other circumstances ending the
                           Associated Company status of the company by which he
                           is employed; or

                  11.1.4   retirement on or after reaching Retirement Age; or

                  11.1.5   death

                  the Directors shall procure that his Matching Shares are
                  transferred to him or his personal representatives by the
                  Trustees as soon as practicable after such cessation.

         11.2     In the event of a Participant ceasing to be employed by the
                  Group in any circumstances other than those set out in Rule
                  11.1 or otherwise instructing the Trustees to transfer his
                  Matching Shares to him:

                  11.2.1   on or after the applicable Release Date but before
                           the applicable Tax Free Date the Directors shall
                           procure that his Matching Shares are transferred to
                           him by the Trustees, subject to the disposal by the
                           Trustees of sufficient Matching Shares to enable them
                           to meet their PAYE liabilities or payment to the
                           Trustees by the Participant of a sum equal to income
                           tax at the appropriate rate on the lesser of:

                           a)       the Initial Market Value of such Matching
                                    Shares; and

                           b)       the Market Value of such Matching Shares on
                                    the date of his cessation of employment

                                       53
<PAGE>

                           together with any Primary Class I National Insurance
                           liability that may arise in accordance with the
                           Partnership Share Agreement that relates to them, as
                           soon as practicable (and in any event within 30 days)
                           after such cessation; or

                  11.2.2   In relation to cessation of employment only, after
                           the Forfeiture Period and before the applicable
                           Release Date the Directors shall procure that his
                           Matching Shares are transferred to him by the
                           Trustees, subject to the disposal by the Trustees of
                           sufficient Matching Shares to enable them to meet
                           their PAYE liabilities or payment to the Trustees by
                           the Participant of a sum equal to income tax at the
                           appropriate rate on the Market Value of such Matching
                           Shares together with any Primary Class I National
                           Insurance liability that may arise, in accordance
                           with the Partnership Share Agreement that relates to
                           them.

                  11.2.3   In the event of a Participant ceasing to be employed
                           by the Group in any circumstances other than those
                           set out in Rule 11.1 before the end of the Forfeiture
                           Period he will forfeit his Matching Shares and
                           thereafter have no further entitlement to them.

         11.3     TAKEOVERS:

                  11.3.1   A Participant may during the Holding Period direct
                           the Trustees:

                           11.3.1.1 to accept an offer for any of his Matching
                                    Shares if the acceptance or agreement will
                                    result in a new holding being equated with
                                    those Shares for the purposes of capital
                                    gains tax; or

                                       54
<PAGE>

                           11.3.1.2 to accept an offer of a qualifying corporate
                                    bond (whether alone or with other assets or
                                    cash or both) for his Matching Shares if the
                                    offer forms part of such a general offer as
                                    is mentioned in paragraph 32(c) of the
                                    Schedule; or

                           11.3.1.3 to accept an offer of cash, with or without
                                    other assets, for his Matching Shares if the
                                    offer forms part of a general offer which is
                                    made to holders of shares of the same class
                                    as his Shares, or to holders of shares in
                                    the same company and which is made in the
                                    first instance on a condition such that if
                                    it is satisfied the person making the offer
                                    shall have control of that company, within
                                    the meaning of section 416 of the Act; or

                           11.3.1.4 to agree to a transaction affecting his
                                    Matching Shares or such of them as are of a
                                    particular class, if the transaction would
                                    be entered into pursuant to a compromise,
                                    arrangement or scheme applicable to or
                                    affecting:

                                    (a)      all of the ordinary share capital
                                             of the Parent or, as the case may
                                             be, all the shares of the class in
                                             question; or

                                    (b)      all the shares, or all the shares
                                             of the class in question, which are
                                             held by a class of shareholders
                                             identified otherwise than by
                                             reference to their employment or
                                             their participation in a plan
                                             approved under the Schedule.

                                       55
<PAGE>

PART FOUR - DIVIDEND SHARES

12       REINVESTMENT OF DIVIDENDS

         12.1     If the Directors have so determined all dividends payable in
                  respect of Plan Shares shall be paid by the Company directly
                  to the Trustees. The Trustees shall, within 30 days of their
                  receipt of such dividends, use them to acquire further Shares
                  for appropriation to Participants as Dividend Shares. In
                  exercising their powers to acquire Dividend Shares the
                  Trustees must treat Participants fairly and equally.

         12.2     For the purposes of Rule 12.1 'acquire' shall mean subscribe
                  for purchase or allocate Shares already held by the Trustees
                  which are not Free Shares, Partnership Shares, Matching Shares
                  or Dividend Shares.

         12.3     The number of Dividend Shares to be appropriated to each
                  Participant shall be determined in accordance with the Market
                  Value of the Shares on the Appropriation Date.

         12.4     The Free Share Agreement and/or Partnership Share Agreement
                  entered into by each Participant in accordance with Rules 2
                  and/or 5 shall bind the relevant Participant in contract with
                  the Company:

                  12.4.1   to permit the Dividend Shares appropriated to him to
                           remain in the hands of the Trustees throughout the
                           applicable Holding Period; and

                  12.4.2   not to assign, charge or otherwise dispose of his
                           beneficial interest in the Dividend Shares during the
                           applicable Holding Period; and

                  12.4.3   if the Company in accordance with Rule 14.2 directs
                           the Trustees to transfer the legal ownership of any
                           Dividend Shares to the Eligible Employee at any time
                           before the applicable Tax Free Date, to pay to the
                           Trustees before such transfer takes place or to allow
                           the Trustees to sell some or all of his

                                       56
<PAGE>

                           Dividend shares in order to raise a sum equal to
                           income tax at the appropriate rate on the cash amount
                           of the dividend used to acquire those Dividend Shares
                           less the aggregate amount of tax paid on any Capital
                           Receipt in respect of those Dividend Shares that has
                           already been subject to income tax.

         12.5     Where Dividend Shares have been appropriated under Rule 12.1
                  the Trustees will send a Notice of Appropriation to each
                  Participant to whom such Dividend Shares have been
                  appropriated as soon as practicable after the Appropriation
                  Date (and in any event within 30 days of the applicable
                  Appropriation Date).

         12.6     The cash amount used by the Trustees to acquire Dividend
                  Shares for appropriation to any Participant must not exceed
                  the Dividend Share Limit. Any cash amount remaining in the
                  Trustees' hands after the Dividend Share Limit has been
                  applied shall be paid by the Trustees to the Participant as
                  soon as practicable (and in any event within 30 days of the
                  applicable Appropriation Date).

13       TRANSFER OF DIVIDEND SHARES

         13.1     In accordance with the Free Share Agreement and/or Partnership
                  Share Agreement entered into between a Participant and the
                  Company under Rules 2 and/or 5 a Participant may direct the
                  Trustees to transfer the legal ownership of his Dividend
                  Shares to him at any time on or after the Release Date that
                  applies to them.

         13.2     Any direction given by a Participant under Rule 13.1 must be
                  in the form (or substantially in the form) of Schedule Six,
                  adapted as appropriate. The Trustees will transfer the
                  relevant Dividend Shares as soon as practicable after receipt
                  of the direction.

                                       57
<PAGE>

14       CESSATION OF EMPLOYMENT

         14.1     In the event of a Participant ceasing to be employed by the
                  Group at any time by reason of:

                  14.1.1   injury, disability, redundancy (within the meaning of
                           the Employment Rights Act 1996); or

                  14.1.2   a T.U.P.E transfer; or

                  14.1.3   a change of control or other circumstances ending the
                           Associated Company status of the company by which he
                           is employed; or

                  14.1.4   retirement on or after reaching Retirement Age; or

                  14.1.5   death

                  the Directors shall procure that his Dividend Shares are
                  transferred to him or his personal representatives by the
                  Trustees as soon as practicable after such cessation.

         14.2     In the event of a Participant ceasing to be employed by the
                  Group in any circumstances other than those set out in Rule
                  14.1 before the applicable Tax Free Date the Directors shall
                  procure that his Dividend Shares are transferred to him by the
                  Trustees, subject to the disposal by the trustees of
                  sufficient Free Shares to enable them to meet their PAYE
                  liabilities or payment to the Trustees by the Participant of a
                  sum equal to income tax at the appropriate rate on the cash
                  amount of the dividends used to acquire those Dividend Shares
                  less the aggregate amount of any tax paid on any Capital
                  Receipt in respect of those Dividend Shares that has already
                  been subject to income tax, in accordance with the Free Share
                  Agreement and/or Partnership Share Agreement that relates to
                  them, as soon as practicable (and in any event within 30 days)
                  after such cessation.

                                       58
<PAGE>

         14.3     TAKEOVERS

                  A Participant may during the Holding Period direct the
                  Trustees:

                  14.3.1   to accept an offer for any of his Dividend Shares if
                           the acceptance or agreement will result in a new
                           holding being equated with those Shares for the
                           purposes of capital gains tax; or

                  14.3.2   to accept an offer of a qualifying corporate bond
                           (whether alone or with other assets or cash or both)
                           for his Dividend Shares if the offer forms part of
                           such a general offer as is mentioned in paragraph
                           32(c) of the Schedule; or

                  14.3.3   to accept an offer of cash, with or without other
                           assets, for his Free Shares if the offer forms part
                           of a general offer which is made to holders of shares
                           of the same class as his Shares, or to holders of
                           shares in the same company and which is made in the
                           first instance on a condition such that if it is
                           satisfied the person making the offer shall have
                           control of that company, within the meaning of
                           section 416 of the Act; or

                  14.3.4   to agree to a transaction affecting their Dividend
                           Shares or such of them as are of a particular class,
                           if the transaction would be entered into pursuant to
                           a compromise, arrangement or scheme applicable to or
                           affecting:

                           a)       all of the ordinary share capital of the
                                    Parent or, as the case may be, all the
                                    shares of the class in question; or

                           b)       all the shares, or all the shares of the
                                    class in question, which are held by a class
                                    of shareholders identified otherwise than by
                                    reference to their employment or their
                                    participation in a plan approved under the
                                    Schedule.

                                       59
<PAGE>
PART FIVE - GENERAL

15       ACQUISITION OF SHARES FOR APPROPRIATION

         15.1     The Trustees may upon the direction of the Directors, purchase
                  Shares from time to time until the Dealing Day preceding the
                  relevant Appropriation Date/Acquisition Date. Such Shares may
                  be purchased on the New York Stock Exchange or privately
                  (provided that any such private purchase made at the time when
                  the Shares are listed is made at a price which is equivalent
                  to the middle market quotation for such Shares on the New York
                  Stock Exchange for the Dealing Day preceding the day in
                  question).

         15.2     The Trustees, at the direction of the Directors, may subscribe
                  for Shares for appropriation/acquisition on behalf of Eligible
                  Employees under the Plan on the relevant Appropriation Date or
                  Acquisition Date as appropriate, and the price per Share at
                  which the Trustees subscribe for such Shares shall be the
                  greater of:

                  15.2.1   the nominal value of a Share on the date of
                           subscription; and

                  15.2.2   the Market Value of a Share.

         15.3     Contributions to be made by the Company and each Participating
                  Company to the Trustees to support any purchase of or
                  subscription for Shares to be made by the Trustees for
                  appropriation on any Appropriation Date shall be paid not
                  later than the Dealing Day immediately prior to the relevant
                  Appropriation Date.

         15.4     Where the Trustees on an Appropriation Date/Acquisition Date
                  appropriate/acquire on behalf of Eligible Employees Shares a
                  proportion of which rank for any dividend or other rights by
                  reference to a record date preceding the relevant
                  Appropriation Date/Acquisition Date and a proportion of which
                  do not, then the Shares to be

                                       60
<PAGE>

                  appropriated to each Eligible Employee/acquired on behalf of
                  each Eligible Employee shall as far as practicable be in the
                  same proportions thereto.

         15.5     Where Shares are transferred to the Trustees:

                  a.       by the trustees of an employee share ownership trust;
                           and

                  b.       the transfer qualifies under S.69 (3AA) Finance Act
                           1989;

                  those Shares

                  15.5.1   must not be awarded to Participants as Partnership
                           Shares; and

                  15.5.2   must be included in any appropriation of Free Shares
                           or Matching Shares in precedence to any other Shares.

16       ISSUE OF SHARES AND DIVIDENDS

         16.1     All Shares issued under the Plan shall as to voting, dividend,
                  transfer and other rights (including those arising on a
                  liquidation) rank pari passu in all respects with the Shares
                  then in issue.

         16.2     If and so long as the Shares are listed on the New York Stock
                  Exchange the Company shall use its best endeavours to procure
                  that as soon as practicable after the allotment or any Shares
                  pursuant to the Plan application shall be made to the New York
                  Stock Exchange for admission to the Exchange.

         16.3     Unless the Directors have determined that dividends shall be
                  reinvested in accordance with Rule 12.1, all dividends payable
                  in respect of Plan Shares shall be paid in cash by the Company
                  to the Trustees who will then distribute such dividends to
                  each Participant

                                       61
<PAGE>

                  according to the number of Plan Shares held by the Trustees on
                  his behalf.

         16.4     Where the value of dividends paid in respect of the Plan
                  Shares held on behalf of any Participant in any Year of
                  Assessment exceeds the Dividend Share Limit such dividends in
                  excess of the Dividend Share Limit shall be paid in accordance
                  with Rule 16.3 notwithstanding any election by a Participant.

         16.5     If the Trustees receive any foreign cash dividend in respect
                  of Plan Shares, they shall give the Participant notice of the
                  amount of any foreign tax already deducted.

17       DISPOSALS AND PAYMENT

         17.1     The Trustees shall not dispose of any Plan Shares which have
                  been appropriated to a Participant (whether to the Participant
                  concerned or otherwise) except in accordance with Clause 7 of
                  the Deed.

         17.2     Upon receipt of a sum of money being (or being part of) the
                  proceeds of any disposal or Capital Receipt in respect of any
                  Plan Shares, the Trustees shall (subject to compliance with
                  the provisions of the Act) account to the Participant for any
                  balance remaining in their hands and relating to such Plan
                  Shares, provided that any Capital Receipt of less than L.3
                  distributable to a particular Participant may be retained by
                  the Trustees.

         17.3     Upon receipt of any money or money's worth in respect of or by
                  reference to any Plan Shares, the Trustees shall pay it over
                  to the Participant as soon as possible.

                                       62
<PAGE>

18       STAMP DUTY

         18.1     No stamp duty on any transfer of Shares by the Trustees shall
                  be payable in the case of a transfer into the name of the
                  Participant.

         18.2     In the case of any other transfer, stamp duty shall be payable
                  by the Participant or the purchaser from the Participant.

19       DISPUTES

         The decision of the Directors in any dispute or question affecting any
         Eligible Employee or Participant under the Plan shall be final and
         conclusive subject to the concurrence of the Auditors whenever required
         under the provisions hereof.

20       RIGHTS ON TERMINATION OF EMPLOYMENT

         In no circumstances shall any person who has ceased to be an employee
         of the Company or any Subsidiary by reason of dismissal or otherwise
         howsoever or who is under notice of termination of his employment be
         entitled to claim as against any Participating Company or Subsidiary or
         the Trustees any compensation for or in respect of any consequential
         loss he may suffer by reason of the operation of the terms of the Plan
         or of the provisions of the Act, including in respect of any liability
         to Income Tax or National Insurance Contributions.

21       DUTY TO ACCOUNT FOR PAYE ETC

         21.1     Where the Trustees receive a sum of money which constitutes
                  (or forms part of):

                  21.1.1   the proceeds of a disposal of Shares; or

                                       63
<PAGE>

                  21.1.2   a Capital Receipt; or

                  then, if required by and in accordance with the provisions of
                  paragraphs 94, 95 and 96 of the Schedule they shall pay to the
                  relevant Participating Company out of that sum of money an
                  amount equal to that on which income tax is payable and the
                  relevant Participating Company shall then pay over that amount
                  to the Participant in question but in so doing shall make a
                  PAYE deduction unless such Participant shall have ceased to be
                  employed by the Participating Company when the Trustees
                  receive such sum as referred to in Rule 18.2, in which case
                  the Trustees shall pay over the amount to the Participant but
                  in so doing shall deduct United Kingdom income tax at the
                  appropriate rate for the time being in force on an amount
                  equal to that on which income tax is payable together with a
                  deduction of any Primary Class I National Insurance liability
                  which may arise.

         21.2     Where the Trustees receive from a Participant who has directed
                  them to transfer the ownership of his Plan Shares to him at
                  any time before the Tax Free Date the sum calculated in
                  accordance with either Rule 2.2 or Rule 6.2 or Rule 9.2 that
                  sum shall be treated as a PAYE deduction by the Trustees as
                  well as a deduction of any Primary Class I National Insurance
                  liability required.

         21.3     The Trustees shall maintain such records as may be necessary
                  to enable them to carry out their obligations under paragraphs
                  95 and 96 of the Schedule, including records of all payments
                  to the Company and all sums deducted by the Trustees falling
                  within Rule 21.1 and all sums received from Participants
                  falling within Rule 21.2.

         21.4     The Trustees shall inform each Participant in writing of any
                  facts relevant to determining the liability (if any) of that
                  Participant to income tax under Schedule E or F or Case V of
                  Schedule D or to Primary Class I National Insurance by reason
                  of an occurrence of an event under the Plan in relation to his
                  Plan Shares.

                                       64
<PAGE>

22       ALTERATIONS

         Subject to the concurrence of the Trustees evidenced in a deed
         supplemental hereto, the Rules of the Plan may be altered in accordance
         with the following provisions of this Rule PROVIDED that no purported
         alteration shall be effective if, as a result, the Plan would cease to
         be an employees' share scheme. Any such alterations shall be binding on
         all Participating Companies.

         22.1     The Directors may, prior to the approval of the Plan under the
                  provisions of the Schedule by the Inland Revenue, alter the
                  Rules of the Plan as may be necessary in order to obtain such
                  approval.

         22.2     Subject to Rule 22.3, after the date on which the Plan is
                  approved by the Inland Revenue under the provisions of the
                  Schedule, the Directors may in their discretion alter the
                  Rules provided that so long as the Plan remains approved by
                  the Inland Revenue no such alteration of a Key Feature shall
                  be effective until approved by the Inland Revenue.

         22.3     Where any alteration under Rule 22.2 is to the advantage of
                  Participants (present or future), it will not be effective
                  unless either:

                  22.3.1   it is made with the prior sanction of an ordinary
                           resolution of the Company in general meeting; or

                  22.3.2   it is a minor amendment which the Directors consider
                           necessary or desirable in order to benefit the
                           administration of the Plan; or

                  22.3.3   it is an amendment which the Directors consider
                           necessary or desirable to take account or advantage
                           of a change in the Act, the Schedule or any other
                           legislation or to obtain or maintain favourable tax,
                           exchange control, or regulatory treatment for
                           Participants (present or future) or any Participating
                           Company.

                                       65
<PAGE>

         22.4     No alteration which purports to enlarge the obligations or
                  restrict the rights of any Participant in respect of Plan
                  Shares already appropriated to him or acquired on his behalf
                  shall be effective.

23       GENERAL

         23.1     The Plan shall continue for a period of ten years commencing
                  on the date of the Trust Deed unless terminated earlier by
                  resolution of the Directors, in which case Rule 23.2 shall
                  apply.

         23.2     In the event of the termination of the Plan by resolution of
                  the Directors in accordance with Rule 23.1 the Directors shall
                  ensure that a plan termination notice is sent without delay
                  to:

                  23.2.1   the Inland Revenue;

                  23.2.2   the Trustees; and

                  23.2.3   each Participant,

                  and the date on which such plan termination notice is sent
                  shall be the first day of the Termination Period.

         23.3     Once the Termination Period has begun;

                  23.3.1   no further shares may be awarded to Eligible
                           Employees;

                  23.3.2   the Trustees must (as soon as is practicable after
                           the later of the end of the Termination Period or the
                           first date on which the shares may be removed from
                           the Plan without giving rise to a

                                       66
<PAGE>

                           charge to Income Tax on the Participant on whose
                           behalf they are held) either transfer all Plan Shares
                           held by them to the Participant on whose behalf they
                           are held (or, at his direction, to another person or,
                           if appropriate to his personal representatives) or
                           dispose of such Plan Shares and account to each such
                           Participant (or, at his direction, to another person
                           or, if appropriate to his personal representatives)
                           for the proceeds;

                  23.3.3   the Trustees must, as soon as practicable, ensure
                           that any Partnership Share Money (or other money)
                           held on behalf of a Participant is paid to him;

                  23.3.4   the Trustees must ensure that any cash dividend that
                           has not been reinvested pursuant to Clause 2.4 of the
                           Trust Deed is paid over to each Participant.

24       GOVERNING LAW

         The Plan is governed by and shall be construed in accordance with the
         laws of England.

                                       67
<PAGE>

                                  SCHEDULE TWO
                           KIMBERLY-CLARK shareplus UK

                                 Letter of Offer
                                                                          [DATE]
Dear [      ]

                           KIMBERLY-CLARK SHAREPLUS UK
                                  ("THE PLAN")

The Directors of the Company would like to offer you the opportunity to
participate in the Plan. The basis of your participation on this occasion is as
follows:

[1] You are entitled to be appropriated Free Shares in the Parent with a value
of [L.   ] in accordance with the terms set out in Part A of the appendix to
this letter [; and]

[2] You are entitled to be appropriated Free Shares in the Parent in accordance
with the terms set out in Part A of the appendix to this letter. The value of
the Free Shares that will be appropriated to you depends on the satisfaction of
the Performance Related Formula. This formula applies to you as part of the
[              division/team] and is as follows [insert formula applicable to
participant].

[3] You are also entitled to acquire Partnership Shares in the Parent up to
the value of [L.125 per month] but not more than 10% of your salary [which will
be matched by the Company on a [    ] basis as described in Part C of the
appendix to this letter] in accordance with Part B of the appendix to this
letter.]

In order to consent to being included in this appropriation you must complete
the Agreement which is enclosed and return it to [     ] no later than [date:
dependent on type of shares being offered. See Rules 2.1 and 5.1].

Yours faithfully

                                       68
<PAGE>

                           APPENDIX TO LETTER OF OFFER

PART A

This offer is the offer of Free Shares to Eligible Employees in accordance with
the Rules of the Plan. The terms of the offer are as follows:

1.       The offer is made to all employees of [the Company] [the Participating
         Companies] [who had been so employed on [  ] for a period of [ ]];

2.       An Eligible Employee must have returned the completed Free Share
         Agreement as directed by [   ];

3.       The terms upon which the Free Shares are held will be as follows:

         (a)      Free Shares will be registered in the name of the Trustees;

         (b)      the Trustees shall not dispose of any Free Shares (except in
                  accordance with the terms of the Plan);

         (c)      the Holding Period applicable to the Free Shares is [  ] years
                  from [Appropriation Date]. After being held by the Trustees
                  until the Release Date, [     ], the Trustees shall, if the
                  Participant so requests, transfer the Free Shares to him or
                  any other person of whom they have received notice in writing
                  that the beneficial ownership of the Free Shares is vested. If
                  no such request is made the Free Shares shall remain held by
                  the Trustees until the Participant ceases to be employed [by
                  the Company];

         (d)      if the Participant ceases to be employed by [the Group] the
                  Free Shares will be dealt with according to Rule [4] of the
                  Plan.

                                       69
<PAGE>

[PART B

This offer is the offer to Eligible Employees to purchase Partnership Shares in
accordance with the Rules of the Plan. The terms of the offer are as follows:

1.       The offer is made to all employees of [the Company] [the Participating
         Companies] [who had been so employed on [  ] for a period of [ ];

2.       An Eligible Employee may apply to purchase Partnership Shares by
         returning the completed Agreement as directed by [ ]:

3.       Eligible Employees may purchase Partnership Shares up to a maximum of
         [L. ] [but not more than 10% of their salary] and a minimum
         value of [L. ] by authorising the Company to make
         deductions from their salary each [week/month];

4.       The terms upon which the Partnership Shares are held will be as
         follows:

         (a)      Partnership Shares will be purchased using the deductions from
                  Eligible Employees' salaries; [timing of purchase;
                  accumulation period]

         (b)      Partnership Shares will be registered in the name of the
                  Trustees;

         (c)      the Trustees shall not dispose of any Partnership Shares
                  (except in accordance with the terms of the Plan);

         (d)      the Trustees shall, if the Participant so requests at any time
                  transfer the Partnership Shares to him or any other person of
                  whom they have received notice in writing that the beneficial
                  ownership of the Partnership Shares is vested;

         (e)      [if the Participant requests the Trustees to transfer his
                  Partnership Shares to him or any other person before the
                  Release Date, [   ], the Matching Shares appropriated to the
                  Participant that relate to those Partnership Shares shall be
                  forfeited in accordance with the Rules of the Plan.]

                                       70
<PAGE>

[PART C

This offer is the offer of Matching Shares to Eligible Employees in accordance
with the Rules of the Plan. The terms of the offer are as follows:

1.       The offer is made to all employees of [the Company] [the Participating
         Companies] [who had been so employed on [ ] for a period of [ ]];

2.       Eligible Employees must have applied to purchase Partnership Shares by
         returning the completed Partnership Share Agreement as directed by
         [  ];

3.       The Trustees will appropriate to each such Eligible
         Employee/Participant [two] Matching Shares for each Partnership Share
         purchased by the Eligible Employee;

4.       The terms upon which the Matching Shares are held will be as follows:

         (a)      Matching Shares will be registered in the name of the
                  Trustees;

         (b)      the Trustees shall not dispose of any Matching Shares (except
                  in accordance with the terms of the Plan);

         (c)      the Holding Period applicable to the Matching Shares is [ ]
                  years from [Appropriation Date]. After being held by the
                  Trustees until the Release Date, [   ], the Trustees shall, if
                  the Participant so requests, transfer the Matching Shares to
                  him or any other person of which they have received notice in
                  writing that the beneficial ownership of the Matching Shares
                  is vested. If no such request is made the Matching Shares
                  shall remain held by the Trustees until the Participant ceases
                  to be employed by [the Company];

         (d)      if the Participant ceases to be employed by [the Group] the
                  Matching Shares will be dealt with according to the Rule [10]
                  of the Plan;

         [(e)     if the Participant requests the Trustees to transfer his
                  Partnership Shares to him or to any other person before [   ]
                  he will forfeit his Matching Shares in accordance with the
                  Rules of the Plan:]]

NOTE:             Defined Terms have the same meanings as in the Trust Deed and
                  Rules relating to the Plan.

                                       71
<PAGE>

                                 SCHEDULE THREE

                           KIMBERLY-CLARK SHAREPLUS UK

                              FREE SHARE AGREEMENT

         PLEASE USE BLOCK CAPITALS AND READ THE WHOLE OF THE AGREEMENT
                              BEFORE SIGNING BELOW

THIS FREE SHARE AGREEMENT IS BETWEEN:

<Table>
<Caption>
     PARTICIPANT ("THE PARTICIPANT")                COMPANY ("THE COMPANY")
<S>                                         <C>
Name:                                       Name:

Home Address:                               Registered Address:

Payroll Number:                             Registered Number:
</Table>

THIS FREE SHARE AGREEMENT SETS OUT THE TERMS ON WHICH THE PARTICIPANT AGREES TO
TAKE PART IN KIMBERLY-CLARK SHAREPLUS UK (THE "PLAN") AND IS SUBJECT TO THE
RULES OF THE PLAN. THE DEFINITIONS IN THE PLAN RULES APPLY TO THIS FREE SHARE
AGREEMENT:

PARTICIPANT

1.       I confirm that I am eligible to participate in the Plan.

2.       I agree to accept the Free Shares in Kimberly-Clark Corporation
         appropriated to me under the Plan.

3.       I agree to leave the Free Shares in the hands of the Trustees, and not
         to assign, charge or otherwise dispose of my beneficial interest in the
         shares for the whole of the Holding Period, which will end on [insert
         date].

                                       72
<PAGE>

4.       I have read this Free Share Agreement and agree to be bound by it and
         by the Rules of the Plan

5.       [I agree that all dividends paid on my Free Shares will be used by the
         Trustees to buy more shares in Kimberly-Clark Corporation ("Dividend
         Shares") for me in accordance with the Rules of the Plan.]

6.       I agree to leave the Dividend Shares in the hands of the Trustees, and
         not to assign, charge or otherwise dispose of my beneficial interest in
         the Dividend Shares for the whole of the Holding Period of 3 years.

COMPANY

8.       The Company agrees to arrange for shares in Kimberly-Clark Corporation
         to be appropriated to me, according to the Rules of the Plan.

9.       The Company has decided that the value of Free Shares appropriated to
         each Eligible Employee will be based on [Insert the method chosen from
         Rule 2.3 for determining the value of Free Shares to be appropriated
         and, if applicable, either an explanation of the Performance Related
         Formula or a cross reference to it].

RIGHTS AND OBLIGATIONS

1.       I agree that taking part in the Plan does not affect my rights,
         entitlements and obligations under my contract of employment, and does
         not give me any rights or additional rights to compensation or damages
         if my employment ceases.

2.       I can at any time withdraw from this agreement, by writing to my
         employer.

3.       I agree that withdrawal from this agreement will not affect the terms
         on which I agreed to accept any shares that have already been
         appropriated to me under the Rules of the Plan.

                                       73
<PAGE>

4.       I may ask the Trustees for my Free Shares [and Dividend Shares] at any
         time after the end of the Holding Period, but I may have to pay income
         tax and National Insurance Contributions when they are taken out of the
         Plan.

5.       I agree to allow the Trustees to sell some or all of my Free Shares
         [and Dividend Shares] to pay any income tax and National Insurance
         Contributions in respect of my Free Shares [and Dividend Shares]
         ceasing to be subject to the Plan, unless I provide them in advance
         with sufficient funds to pay these amounts.

6.       [I understand that I will lose my Free Shares if I cease to be in
         Relevant Employment before the end of the Forfeiture Period of [ ]
         years unless the employment ceased for one of the following reasons:

         a)       injury or disability

         b)       redundancy

         c)       transfer of employment to which the Transfer of Undertaking
                  Protection of Employment) Regulations 1981 apply

         d)       retirement on or after reaching Retirement Age

         e)       death

         f)       change of control or other circumstances ending the Associated
                  Company status of my employing company.]

7.       If there is a rights issue, I agree to allow the Trustees to sell some
         of the rights attached to my shares in the Plan, in order to fund the
         exercise of the rights attached to other shares held by me in the Plan.

[DIVIDEND REINVESTMENT

8.       Cash dividends will be used to buy more shares ("Dividend Shares") for
         me.

                                       74
<PAGE>

9.       Any amount over L.1,500 in each tax year will be paid to
         me.

10.      Any amount below L.1,500 not used to buy shares shall be
         carried forward and added to the next cash dividend to be reinvested.]

         Signature:                                Date    /     /
                    ------------------------------     ---- ----- ----

                                       75
<PAGE>

                                  SCHEDULE FOUR

                          KIMBERLY-CLARK SHAREPLUS UK

                          PARTNERSHIP SHARE AGREEMENT

          PLEASE USE BLOCK CAPITALS AND READ THE WHOLE OF THE AGREEMENT
                              BEFORE SIGNING BELOW

THIS PARTNERSHIP SHARE AGREEMENT IS BETWEEN:

<Table>
<Caption>
    PARTICIPANT ("THE       COMPANY ("THE            TRUSTEES ("THE
    PARTICIPANT)            COMPANY")                TRUSTEES")
<S>                         <C>                      <C>
    Name:                   Name:                    Name:
    Home Address:           Registered Address:      Registered Address [if any]

    Payroll Number          Registered Number:
</Table>

THIS PARTNERSHIP SHARE AGREEMENT SETS OUT THE TERMS ON WHICH THE PARTICIPANT
AGREES TO BUY SHARES UNDER THE KIMBERLY-CLARK SHAREPLUS UK (THE "PLAN") AND IS
SUBJECT TO THE RULES OF THE PLAN. THE DEFINITIONS IN THE PLAN RULES APPLY TO
THIS PARTNERSHIP SHARE AGREEMENT.

NOTICE TO PARTICIPANT ABOUT POSSIBLE EFFECT ON BENEFITS

Deductions from your pay to buy Partnership Shares under this agreement may
affect your entitlement to, or the level of, some contributory social security
benefits, statutory maternity pay and statutory sick pay. They may also have a
similar effect in respect of some contributory social security benefits paid to
your wife or husband. With this agreement you should have been given information
on the effect of deductions from your pay to buy

                                       76
<PAGE>

Partnership Shares on entitlement to social security benefits, statutory sick
pay and statutory maternity pay. The effect is particularly significant if your
earnings are brought below the lower earnings limit for National Insurance
purposes, and is explained in the information: it is therefore important that
you read it. If you have not been given a copy, ask your employer for it.
Otherwise a copy may be obtained from any office of the Inland Revenue, the
Department of Social Security, or, in Northern Ireland, the Department for
Social Development. You should take the information you have been given into
account in deciding whether to buy Partnership Shares.

PARTICIPANT

1.       I confirm that I am eligible to participate in the Plan.

2.       I agree to allow my employer to deduct the following amount per
         [week/month] from my Salary:

                                               [L. ] [insert amount between
                                                     [L.10] and L.125 [per
                                                     month] and not more
                                                     than 10% of Salary

3.       [I agree that these deductions will be used to buy Partnership Shares
         in Kimberly-Clark Corporation for me] OR

         [I agree that the Trustees will accumulate my deductions from [Company
         to specify beginning and end of Accumulation Period] and buy
         Partnership Shares in Kimberly-Clark Corporation for me after the end
         of the Accumulation Period.]

4.       I understand that shares may fall in value as well as rise.

5.       I have read this Partnership Share Agreement and agree to be bound by
         it and by the Rules of the Plan.

6.       [I agree that all dividends paid on my shares will be used by the
         Trustees to buy more shares in Kimberly-Clark Corporation ("Dividend
         Shares") for me in accordance with the Rules of the Plan. I agree to
         accept the Dividend Shares bought for me and leave

                                       77
<PAGE>

         them in the hands of the Trustees, and not to assign, charge or
         otherwise dispose of my beneficial interest in the shares for the whole
         of the whole of the Holding Period of 3 years.

7.       [I agree to accept Matching Shares in Kimberly-Clark Corporation
         appropriated to me under the Plan and leave them in the hands of the
         Trustees, and not to assign, charge or otherwise dispose of my
         beneficial interest in the shares for the whole of the Holding Period
         applicable to them.]

COMPANY

8.       The Company agrees to arrange for shares in Kimberly-Clark Corporation
         to be bought for me, according to the Rules of the Plan.

9.       The Company agrees to provide [insert number] Matching Share(s) for
         every [insert number] Partnership Share(s) bought for me.

10.      The Company undertakes to notify me of any restriction on the number of
         Partnership Shares available.

TRUSTEES

11.      The Trustees agree to keep my Salary deductions in [insert name of
         bank/building society] until they are used to buy shares in
         Kimberly-Clark Corporation for me.

Signature:                                Date    /     /
           ------------------------------     ---- ----- ----

                                       78
<PAGE>

RIGHTS AND OBLIGATIONS

1.       I agree that taking part in the Plan does not affect my rights,
         entitlements and obligations under my contract of employment, and does
         not give me any rights or additional rights to compensation or damages
         if my employment ceases.

2.       I may stop the deductions at any time, or begin them again, by writing
         to my employer, but I may not make up any amounts missed when
         deductions were stopped.

3.       I agree that the deductions from my salary, or the number of shares
         that I receive may be scaled down if the limit on the number of shares
         set by the Company available is exceeded.

4.       I can at any time withdraw from this agreement by writing to my
         employer. Any unused deductions will be returned to me after the
         deduction of any necessary income tax or National Insurance
         Contributions.

5.       I agree that withdrawal from this agreement will not affect the terms
         on which I agreed to buy shares already held for me under the Plan.

6.       I may ask the Trustees for my Partnership Shares at any time, but I may
         have to pay income tax and National Insurance Contributions when they
         are taken out of the Plan.

7.       I agree to allow the Trustees to sell some or all of my shares to pay
         any income tax and National Insurance Contributions in respect of my
         shares ceasing to be subject to the Plan, unless I provide them in
         advance with sufficient funds to pay these amounts.

8.       I agree that any deductions not used to buy shares will at the
         discretion of the Trustees be repaid to me after the deduction of any
         necessary income tax or National Insurance Contributions, or will be
         carried forward and added to the next deduction or Accumulation Period.

                                       79
<PAGE>

9.       If there is a rights issue, I agree to allow the Trustees to sell some
         of the rights attaching to my shares in the Plan, in order to fund the
         exercise of the rights attached to other shares held by me in the Plan.

[ACCUMULATION PERIOD

10.      The Accumulation Period shall come to an end when [specify nature of
         event(s)], but this agreement shall continue until terminated by any
         party giving notice to the others.

11.      I may only restart deductions once in every [insert number] months.]

[MATCHING SHARES[AND DIVIDEND SHARES]]

12.      The ratio of Matching Shares to Partnership Shares is [insert ratio -
         not more than 2:1] and may be varied by the Company. The circumstances
         and manner in which the ratio may be varied are [company to specify
         details here].

13.      If the ratio varies, the Company will notify me before the Partnership
         Shares are bought for me.

14.      I agree to leave the Matching Shares in the hands of the Trustees, and
         not to assign, charge or otherwise dispose of my beneficial interest in
         the Matching Shares for the whole of the Holding Period applicable to
         them.

15.      I may ask the Trustees for my Matching Shares [and Dividend Shares] at
         any time after the end of the Holding Period, but I may have to pay
         income tax and National Insurance Contributions when they are taken out
         of the Plan.

16.      I agree to allow the Trustees to sell some or all of my Matching Shares
         [and Dividend Shares] to pay any income tax and National Insurance
         Contributions in respect of my Matching Shares [and Dividend Shares]
         ceasing to be subject to the Plan, unless I provide them in advance
         with sufficient funds to pay these amounts.

                                       80
<PAGE>

17.      If there is a rights issue, I agree to allow the Trustees to sell some
         of the rights attached to my shares in the Plan to exercise the rights
         attached to other shares held by me in the Plan.

[I will lose my Matching Shares if I withdraw the Partnership Shares in respect
of which the Matching Shares were appropriated before the end of the Forfeiture
Period of [  ] years applicable to the Matching Shares.]

[I will lose my Matching Shares if I cease to be in Relevant Employment before
the end of the Forfeiture Period of [  ] years, unless the employment ceased for
one of the following reasons:

a)       injury or disability

b)       redundancy

c)       transfer of employment to which the Transfer of Undertaking (Protection
         of Employment) Regulations 1981 apply

d)       retirement on or after reaching Retirement Age

e)       death

f)       change of control or other circumstances ending the Associated Company
         status of my employing company.]

PARTNERSHIP SHARE MONEY HELD BY TRUSTEES

18.      The Trustees are under no obligation to keep the deductions in an
         interest-bearing account, but if they do, they will pay the interest to
         me.

[DIVIDEND REINVESTMENT

19.      Cash dividends will be used to buy more shares ("Dividend Shares") for
         me.

20.      Any amount over L.1500 in each tax year will be paid to me.

21.      Any amount below L.1500 not used to buy shares shall be
         carried forward and added to the next cash dividend to be reinvested.]

                                       81
<PAGE>

                                  SCHEDULE FIVE

                           KIMBERLY-CLARK shareplus UK

                             Notice of Appropriation

To:      [Name]                             Appropriation Date:
         [Address]

From: The Trustees of the Kimberly-Clark shareplus UK

The Trustees of the Plan have today made an appropriation to you of [   ]
[ordinary] shares of [ ]p each in Kimberly-Clark under the Plan (Free Shares).

Their Market Value on the Appropriation Date is [    ] per share.

The Holding Period in respect of these shares is [   ] years.

Yours faithfully

for and on behalf of
[                    ]

                                       82
<PAGE>

                                  SCHEDULE SIX

                           KIMBERLY-CLARK shareplus UK

                          Direction to transfer Shares

To: The Trustees of  Kimberly-Clark shareplus UK

A. FREE SHARES

This notice applies to the Free Shares that were appropriated to me on
[Appropriation Date]. The Release Date applicable to those shares was [Release
Date] and the Tax Free Date applicable to them is [Tax Free Date].

I hereby direct you to transfer the legal ownership of [   ] Free Shares to
[me][other] as soon as practicable, in accordance with the Rules of the Plan.

I understand that if the Tax Free Date has not yet been reached you will
withhold the amount necessary to pay income tax on my behalf on the appropriate
value of the Free Shares as well as any amount necessary to satisfy any Primary
Class I National Insurance liability that may arise, in accordance with the
terms of the Agreement that relates to them.

B. PARTNERSHIP SHARES

This notice applies to the Partnership Shares that were acquired by you on my
behalf on [Acquisition Date]. The Release Date applicable to them is [Release
Date] and the Tax Free Date applicable to them is [Tax Free Date].

I hereby direct you to transfer the legal ownership of [        ] Partnership
Shares to [me][other] as soon as practicable, in accordance with the Rules of
the Plan.

I understand that if the Tax Free Date has not yet been reached you will
withhold the amount necessary to pay income tax on the appropriate value of the
Partnership Shares as

                                       83
<PAGE>

well as any amount necessary to satisfy any Primary Class I National Insurance
liability that may arise, in accordance with the terms of the Agreement that
relates to them.

[I understand that if the Release Date has not yet been reached the Matching
Shares that were appropriated to me on [Appropriation Date] will be forfeited by
this direction and that I shall have no further entitlement to them.]

C. MATCHING SHARES

This notice applies to the Matching Shares that were appropriated to me on
[Appropriation Date]. The Release Date applicable to those shares was [Release
Date] and the Tax Free Date applicable to them is [Tax Free Date].

I hereby direct you to transfer the legal ownership of [        ] Matching
Shares to [me][other] as soon as practicable, in accordance with the Rules of
the Plan.

I understand that if the Tax Free Date has not yet been reached you will
withhold the amount necessary to pay income tax on the appropriate value of the
Matching Shares as well as any amount necessary to satisfy any Primary Class I
National Insurance liability that may arise, in accordance with the terms of the
Agreement that relates to them.

D. DIVIDEND SHARES

This notice applies to the Dividend Shares that were appropriated to me on
[Appropriation Date]. The Release Date applicable to those shares was [Release
Date] and the Tax Free Date applicable to them is [Tax Free Date].

I hereby direct you to transfer the legal ownership of [        ] Dividend
Shares to [me][other] as soon as practicable, in accordance with the Rules of
the Plan.

                                       84
<PAGE>

I understand that if the Tax Free Date has not yet been reached you will
withhold the amount necessary to pay income tax on the Market Value of the
Dividend Shares as well as any amount necessary to satisfy any Primary Class I
National Insurance liability that may arise, in accordance with the terms of the
agreement that relates to them.

Signed:                                     Date:

--------------------------------------      ----------------------------------

                                       85
<PAGE>

                                 SCHEDULE SEVEN

                           KIMBERLY-CLARK shareplus UK
                      Notice of Acquisition[/Appropriation]

To:      [Name]                  Acquisition[/Appropriation]  Date:
         [Address]

From: The Trustees of Kimberly-Clark shareplus UK

The Trustees of the Plan have today acquired on your behalf [      ] [ordinary]
shares of [ ]p each in Kimberly-Clark Corporation under the Plan (Partnership
Shares). In their acquisition of the above shares the Trustees used [     ] of
your Partnership Share Money, leaving [    ].

The Market Value of the Partnership Shares on the Acquisition Date is [      ]
per share. There is no Holding Period in respect of these shares.

[In addition, the Trustees have today made an appropriation to you of [    ]
[ordinary] shares of [  ]p each in Kimberly-Clark Corporation under the Plan
(Matching Shares). Their Market Value on the Appropriation Date is [   ] per
share.] The Holding Period in respect of these shares is [ ] years.

Yours faithfully

for and on behalf of

                                       86
<PAGE>

                                 SCHEDULE EIGHT

                                Deed of Adherence

THIS DEED is made the   day of                  20

BETWEEN

(1)      KIMBERLY-CLARK HOLDING LTD whose registered office is at [   ] ("the
         Company")

(2)      [Trustee Limited] whose registered office is at [              ] ("the
         Trustees"); and

(3)      [     ] whose registered office is at [       ] ("the New Participating
         Company")

RECITALS

(A)      This Deed is supplemental to a Deed dated [    ] and made between the
         Company and the Trustees (hereinafter called the "Principal Deed")
         whereby the Company established Kimberly-Clark shareplus UK
         (hereinafter called "the Plan").

(B)      The New Participating Company is controlled by the Company within the
         meaning of Section 840 of the Income and Corporation Taxes Act 1988 and
         is a subsidiary of the Company within the meaning of Section 736 of the
         Companies Act 1985.

(C)      In pursuance of the power contained in Clause 4 of the Principal Deed,
         the Company has agreed that subject to its entering into this Deed of
         Adherence, the New Participating Company may become a Participating
         Company for the purposes of the Plan.

THIS DEED PROVIDES as follows:

1.       The Company hereby agrees that the New Participating Company shall be a
         Participating Company for the purposes of the Plan.

                                       87
<PAGE>

2.       The New Participating Company hereby covenants with the Company and
         with the Trustees that it will observe and perform all covenants,
         conditions and provisions contained in the Principal Deed and all the
         provisions of the Plan applicable to Participating Companies.

IN WITNESS whereof the parties hereto have caused this Deed to be executed the
day and year first before written

THE COMMON SEAL OF                                   )
KIMBERLY-CLARK HOLDING LTD                           )
was hereunto affixed in                              )
the presence of:                                     )

         Director

         Secretary
 SIGNED as a DEED                   )
by [            ]                   )
Limited                             )
ACTING by                           )

         Director

         Secretary

THE COMMON SEAL OF                  )
[the New Participating              )
Company] was                        )
hereunto affixed in the             )
presence of:                        )

         Director

         Secretary

                                       88
<PAGE>

                                  SCHEDULE NINE

                           KIMBERLY-CLARK shareplus UK

                      Notice of Performance Related Formula

              For the attention of ALL employees of Kimberly-Clark

                                       89
<PAGE>

                                  SCHEDULE TEN

                           KIMBERLY-CLARK shareplus UK

                    Notice of Appropriation - Dividend Shares

To:      [Name]                             Appropriation Date:
         [Address]

From: The Trustees of the Kimberly-Clark Share Incentive Plan

The Trustees of the Plan have today acquired on your behalf [      ] [ordinary]
shares of [   ]p in Kimberly-Clark Corporation under the Plan (Dividend Shares).
Their Market Value on the Appropriation Date is [   ] per share. The Holding
Period in respect of these shares is [ ] years.

The amount of the cash dividend which is insufficient to acquire a share is
L....... This sum is held by the Trustees and carried forward to your account.
Yours faithfully

For and on behalf of
[                  ]

                                       90

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