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## notes to the financial statements 

for the year ended 30 June 2001 

ranking, none of the vested options may be exercised. If the TSR falls between these percentiles, the percentage of vested options that may be exercised will be calculated according to a formula. 

Transurban City Link Limited has determined the market value of the Stapled Securities at their issue date to be $8,969,950. 

No Stapled Securities were issued during the year ended 30 June 2001 pursuant to the exercise of options. The market price per Stapled Security at 30 June 2001 was $4.50. 

The number of executive officers whose remuneration was within the following specified bands: 

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Total executive remuneration and the remuneration banding does not include amounts in relation to the grant of options under the Transurban Executive Option Plan. The options are not included as they were issued at no cost to the entity. The value of options exercised is included in executive remuneration in the year the options are exercised. 

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