26. Specified Director and Specified Executive Disclosures (continued) (d) Share Based Payment Compensation Options Over Ordinary Shares Granted as Remuneration The movement during the reporting period in the number of options of th e Company held, directly, indirectly or beneficially, by each Specified Director and Specified Executive, including their personally-related entiti es, is as follows: During the reporting period, no shares were issued on the exercise of opti ons previously granted as remuneration. During the reporting period, no options over ordinary shares were gran ted and vested. Exercise of Options Granted as Remuneration (e) Equity Holdings Options Shares The movement during the reporting period in the number of shares of th e Company held, directly, indirectly or beneficially, by each Specified Director and Specified Executive, including their personally-related entiti es, is as follows: Balance at  Balance Vested Vested  beginning Granted as  Other at end of  at end of  Vested and but not Name of the year remuneration Exercised changes the year the year exercisable exercisable No. No. No. No. No. No. No. No. Specified Directors Ellice-Flint, John Charles 3,000,000 – – – 3,000,000 2,000,000 2,000,000 – Specified Executives Gouadain, Jacques Elie 200,000 – – – 200,000 200,000 200,000 – Moore, Paul Derek 125,000 – – – 125,000 25,000 25,000 – Wasow, Peter Christopher 150,000 – – – 150,000 – – – Wilkinson, Richard John – – – – – – – – Wood, Bruce James 95,085 – – – 95,085 45,085 45,085 – Young, Jonathon Terence 250,000 – – – 250,000 – – – Balance at  Received  Balance Balance beginning Grantedas on exercise  Other at end of held Name of the year remuneration of option Redeemed changes the year nominally No. No. No. No. No. No. No. Specified Directors Ordinary Shares – Fully Paid Barnett, Peter Charles 12,394 – – – – 12,394 – Conroy, Francis John 5,000 – – – – 5,000 – Ellice-Flint, John Charles 1,029,900 – – – 7,310 1,037,210 – Gerlach, Stephen 37,305 – – – 5,000 42,305 – Harding, Richard Michael – – – – – – – McGregor, Graeme William 10,000 – – – – 10,000 – O’Leary, Michael Anthony 4,725 – – – – 4,725 – Sloan, Judith 5,000 – – – – 5,000 – Reset Convertible Preference Shares Conroy, Francis John – – – (460) 460 – – Ellice-Flint, John Charles 225 – – (225) – – – McGregor, Graeme William 200 – – (200) – – – Sloan, Judith 125 – – (125) – – – Redeemable Convertible Preference Shares Conroy, Francis John – – – – 460 460 – Ellice-Flint, John Charles – – – – 225 225 – McGregor, Graeme William – – – – 1,200 1,200 – Sloan, Judith – – – – 195 195 – Annual Report 2004 79