text: **18. Contributed Equity (continued)**
  
  **(d) Santos Executive Share Option Plan**
  
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              [html]<thead><tr><td>( d ) Santos Executive Share Option Plan</td></tr></thead><tbody><tr><td>The Santta Gercative Share Option Plan was approved by shareholders at the Amoula General Reeting on 15. Play 3997 and Its continuation, with amendment, approved at the Amoui Genesis Meeting on 5 Ray 2000.</td></tr><tr><td>The Pan provides for the gords of orgins to subscribe for or pachase antinary shares in the capital of the Company to eligible executives selected by the Board. Participation will be limited to those executives who, in the opinion of the Bon</td></tr><tr><td>Each option is a right to acquire are share, subject to adjustment in accordance with the Rules of the Plan. The gotforas entitle the holder to participate in any bonas losse conducted by the Company, upon exercise of the options. The sentio</td></tr><tr><td>There are no vating or dividend rights attached to the options. There are no vating rights attached to the anisued ordinary shares. Voting rights will be attached to the unisued ordinary shares when the options have been exercised.</td></tr><tr><td>The exercise price of the options and other conditions, including any performance hurdles, will be determined by the Bard. No consideration is provided by Executives for the options. The Plan provides for options with a life of up to ten ye</td></tr><tr><td>The alight is neests the splins is peoples is people conditional one for birthses a procedure preference handle on exercise condition. 3 need the performance hadit. It company had funehials filteran histary history brait, gowth in sites</td></tr><tr><td>The foir value of shares issued as a result of exercising the options during the reporting period at their issue date is the market price of shares of</td></tr><tr></tr></tbody>
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