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34 Tesco plc
Directors’ remuneration report continued
Table 5 Share options held by Directors and not exercised at 25 February 2006 continued
Savings-related share option scheme (1981)
Value Value
Asat Options Options As at Exercise realisable realisable
26 Feb granted exercised 25 Feb price 2006 2005
Date of grant 2005 in year in year (c) 2006 (pence) £’000 £’000
Mr A T Higginson 26.10.2000 1,704 – 1,704 – 198.0 2 –
08.11.2001 1,671 – – 1,671 198.0 – –
08.11.2002 2,066 – – 2,066 159.0 – –
06.11.2003 1,625 – – 1,625 195.0 – –
04.11.2004 1,424 – – 1,424 232.0 – –
02.11.2005 – 1,298 – 1,298 248.0 – –
Total 8,490 1,298 1,704 8,084 2 4
Mr TJR Mason 26.10.2000 1,704 – 1,704 – 198.0 2 –
08.11.2001 1,003 – – 1,003 198.0 – –
08.11.2002 2,066 – – 2,066 159.0 – –
06.11.2003 1,625 – – 1,625 195.0 – –
04.11.2004 1,424 – – 1,424 232.0 – –
02.11.2005 – 1,298 – 1,298 248.0 – –
Total 7,822 1,298 1,704 7,416 2 4
Mr D T Potts 26.10.2000 1,704 – 1,704 – 198.0 2 –
08.11.2001 1,671 – – 1,671 198.0 – –
08.11.2002 2,066 – – 2,066 159.0 – –
06.11.2003 1,625 – – 1,625 195.0 – –
04.11.2004 1,424 –– 1,424 232.0 – –
02.11.2005 – 1,298 – 1,298 248.0 – –
Total 8,490 1,298 1,704 8,084 2 –
(a) Save as you earn options are not subject to performance conditions.
(b) All options are exercisable from 1 February in the year which is six years from the year of grant.
All options expiresix months from their exercise date, i.e. on 1 August of the relevant year.
(c) Mr A T Higginson exercised options on 8 February 2006 at a market price of 327 pence.
All other Directors exercised options on 1 February 2006 at a market price of 315 pence.
(d) No options lapsed in the year.