Share Options Insurance of Officers Auditor fora (een an R. L. Greentree Chairman Sydney  27 November 2001 A total of 68,000 ordinary shares of GrainCorp Limited were issued during the year ended 30 September 2001 on the exercise of options granted under the GrainCorp Executive Option Plan. The amount paid on each of the shares was $6.25. No amounts are unpaid on any of the shares.  During the financial year, the consolidated entity has paid, or agreed to pay premiums to insure persons who are  or have been an officer of the company or a related entity or any past, present or future Director or officer of the company or any of it’s subsidiaries or related entities.  The contracts prohibit disclosure of the amount of the premium paid. The liabilities insured include costs and expenses that  may be incurred in defending civil or criminal proceedings that may be brought against the officers in their capacity as officers of entities in the consolidated entity. Rounding of Amounts to Nearest Thousand Dollars The company is of a kind referred to in Class Order 98/0100 issued by the Australian Securities and Investments Commission, relating to the “rounding off”  of amounts in the Directors’ report and financial report. Amounts in the Directors’ report and financial report  have been rounded off to the nearest thousand dollars  in accordance with that Class Order. PricewaterhouseCoopers continues in office in accordance with Section 327 of the Corporations Act 2001. This report is made in accordance with a resolution  of the Directors.  42 GrainCorp 2001 Annual Report No options have been granted during or since the end of the financial year to any Directors or the 5 most highly remunerated officers of the company and consolidated entity. Unissued ordinary shares of GrainCorp Ltd under option at the date of this report are as follows: Option Plan  Number  Issue Price  Expiry Date  GrainCorp Executive Option Plan  68,000  $ 6.25  1 July 2002  88,000  $ 6.25  1 July 2003  GrainCorp Limited and Controlled Entities  Directors’ Report