Table 4 - Executives' awards under long term incentive plans

Management & Governance

Table 4 - Executives' awards under long term incentive plans

					Mining Companies Comparative Plan					Plan terms and conditions
	Conditional award granted	Market price at award²	1 Jan 2007	Awarded^3,5	Lapsed/ cancelled	Vested	31 Dec 2007¹	Performance period concludes	Date award vests	Market price at vesting	Monetary value of vested award US$'000
Rio Tinto plc
Tom Albanese	22 Apr-04	1276p	56,015	-	36,410	19,605	-	31-Dec-07	15 Feb 08	£54.93	2,249
	09 Mar-05	1839p	55,951	-	-	-	55,951	31-Dec-08
	07 Mar-06	2630p	45,007	-	-	-	45,007	31-Dec-09
	13 Mar-07	2681p	-	44,124	-	-	44,124	31-Dec-10
			156,973	44,124	36,410	19,605	145,082				2,249
Preston Chiaro	22 Apr-04	1276p	46,995	-	30,547	16,448	-	31-Dec-07	15 Feb 08	£54.93	1,881
	09 Mar-05	1839p	42,351	-	-	-	42,351	31-Dec-08
	07 Mar-06	2630p	34,182	-	-	-	34,182	31-Dec-09
	13 Mar-07	2681p	-	25,679	-	-	25,679	31-Dec-10
			123,528	25,679	30,547	16,448	102,212				1,881
Bret Clayton	22 Apr-04	1276p	13,315	-	6,658	6,657	-	31-Dec-07	15 Feb 08	£54.93	731
	09 Mar-05	1839p	11,539	-	-	-	11,539	31-Dec-08
	07 Mar-06	2630p	10,767	-	-	-	10,767	31-Dec-09
	13 Mar-07	2681p	-	22,566	-	-	22,566	31-Dec-10
			35,621	22,566	6,658	6,657	44,872				731
Guy Elliott	22 Apr-04	1276p	51,550	-	33,508	18,042	-	31-Dec-07	15 Feb 08	£54.93	2,069
	09 Mar-05	1839p	51,081	-	-	-	51,081	31-Dec-08
	07 Mar-06	2630p	40,670	-	-	-	40,670	31-Dec-09
	13 Mar-07	2681p	-	30,837	-	-	30,837	31-Dec-10
			143,301	30,837	33,508	18,042	122,588				2,069
Keith Johnson	22 Apr-04	1276p	30,387	-	19,752	10,635	-	31-Dec-07	15 Feb 08	£54.93	1,220
	09 Mar-05	1839p	33,556	-	-	-	33,556	31-Dec-08
	07 Mar-06	2630p	26,508	-	-	-	26,508	31-Dec-09
	13 Mar-07	2681p	-	19,805	-	-	19,805	31-Dec-10
			90,451	19,805	19,752	10,635	79,869				1,220
Andrew Mackenzie	22 Apr-04	1276p	16,270	-	10,576	5,694	-	31-Dec-07	15 Feb 08	£54.93	653
	09 Mar-05	1839p	37,638	-	-	-	37,638	31-Dec-08
	07 Mar-06	2630p	29,413	-	-	-	29,413	31-Dec-09
	13 Mar-07	2681p	-	21,811	-	-	21,811	31-Dec-10
			83,321	21,811	10,576	5,694	88,862				653
Rio Tinto Limited
Leigh Clifford⁶	22 Apr-04	A$33.17	119,581	-	-	-	119,581	31-Dec-07
	09 Mar-05	A$47.39	113,324	-	-	-	113,324	31-Dec-08
	07 Mar-06	A$69.30	84,661	-	-	-	84,661	31-Dec-09
	13 Mar-07	A$134.00	-	61,550	15,513	-	46,037	31-Dec-10
			317,566	61,550	15,513	-	363,603
Oscar Groeneveld	22 Apr-04	A$33.17	43,785	-	28,461	15,324	-	31-Dec-07	15 Feb 08	A$137.10	1,921
	09 Mar-05	A$47.39	45,024	-	-	-	45,024	31-Dec-08
	07 Mar-06	A$69.60	36,460	-	-	-	36,460	31-Dec-09
	13 Mar-07	A$134.00	-	26,590	-	-	26,590	31-Dec-10
			125,269	26,590	28,461	15,324	108,074				1,921
Sam Walsh	22 Apr-04	A$33.17	38,023	-	24,715	13,308	-	31-Dec-07	15 Feb 08	A$137.10	1,668
	09 Mar-05	A$47.39	41,176	-	-	-	41,176	31-Dec-08
	07 Mar-06	A$69.60	33,655	-	-	-	33,655	31-Dec-09
	13 Mar-07	A$134.00	-	25,103	-	-	25,103	31-Dec-10
			112,854	25,103	24,715	13,308	99,934				1,668

Notes

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Or at the date of retirement or resignation if earlier.
Awards denominated in pence were for Rio Tinto plc ordinary shares of 10p each and awards denominated in A$ were for Rio Tinto Limited ordinary shares.
The fair value of conditional awards granted to executive directors and product group chief executives in 2007 was 1396p for Rio Tinto plc and A$37.64 for Rio Tinto Limited shares.
The value of the vested awards have been based on share prices of 5493p and A$137.10 being the respective closing share prices for Rio Tinto plc and Rio Tinto Limited ordinary shares on 22 February 2008, the the day the award vested to the publication of this report. The amount in US dollars has been converted from sterling at the rate of 1US$ = £0.5005 and Australian dollars at the rate of US$ = A$1.141, being the year end exchange rate used elsewhere in this publication.
Conditional awards are awarded at no cost to the recipient and no amount remains unpaid on any shares granted. No award would be vested and unexercisable at the reporting date.
Leigh Clifford was given a conditional award over 61,550 Rio Tinto Limited shares on 13 March 2007. These awards were approved by the shareholders under the ASX Listing Rule 10.14 at the 2004 annual general meeting.