The PSP and the SBP operate with market-purchased shares that are held in an Employee Benefit Trust. The CSOP, Executive Share Option Scheme (ESOS) and the Company’s all-employee plans may be satisfied using either new-issue or market-purchased shares.

The Company’s all-employee plans and the now-closed ESOS operate within the ABI’s dilution limit of 5% in ten years for executive schemes and all its plans operate within the 10% in ten years limit for all schemes. As at 31 December 2010, the Company had 4.60% share capital available under the 5% in ten years limit, and 8.25% share capital available under the 10% in ten years limit.

At 31 December 2010 31,420,674 shares were held by the Employee Benefit Trust to hedge outstanding awards of 57,982,444 shares for the PSP and SBP. This means that the Trust holds 54.2% of outstanding awards.