directors’ report on the Financial Report of Transurban City Link Limited and Controlled Entity. Total Name and Position $ K Daley - Executive General Manager, Operations 202,500 P O’Shea - General Counsel  171,000 K Reynolds - General Manager, Construction 153,000 OPTIONS GRANTED TO EXECUTIVE OFFICERS Options over stapled securities of Transurban City Link Ltd that  were granted during or since the end of the financial year to the  most highly remunerated officers of the Company as part of their  remuneration were as follows: Options Name and Position granted B Bourke - General Manager, Customer Services & Marketing 350,000 K Daley - Executive General Manager, Operations 350,000 P O’Shea - General Counsel 300,000 K Reynolds - General Manager, Construction 300,000 The options were granted under the Executive Option Plan on 26 April 2001. 2,350,000 options were issued during the year ended 30 June 2001. No Stapled Securities were issued during the year on the exercise of options. 33