Interests - Senior Management
RIT Capital Partners PLC
31 August 2005
Interests of Senior Management
A grant of Share Appreciation Rights ('SARs') over £1 ordinary shares of RIT
Capital Partners plc ('RITCP') was made on 30 August 2005 to the following
member of RITCP's senior management, under the terms of the J. Rothschild
Capital Management Share Appreciation Rights Plan, as follows:
Manager SAR exercise price Notional no. of RITCP ord. shares
------------ ------------------ ---------------------------------
David Haysey 800.5p 124,922
SAR grants entitle the holder to the payment of a bonus between the third and
tenth anniversaries of the relevant date of grant, calculated by reference to a
notional number of RITCP £1 ordinary shares. The bonus will amount to the
increase since the date of grant in the RITCP share price multiplied by the
notional number of shares.
The SAR awarded shall be exercisable between 30 August 2008 and 29 August 2015,
conditional upon the performance hurdle being achieved in the three years'
vesting period ending on 30 August 2008. The hurdle is calculated by reference
to the RITCP share price plus dividends paid, which must exceed RPI plus 3% per
annum.
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