Form 20-F 2005

Options
The table below sets forth certain information relating to our stock option plans. Each option gives the right to subscribe to one
Rhodia share. For a more detailed discussion of our stock option plans, see Note 34 to the Consolidated Financial Statements.
Option Plans 1998 1999/1 1999/2 2000/1 2000/2 2001 2002 2003 2004A 2004B
Date of shareholders’
meeting approval 05/13/98 05/13/98 05/13/98 05/13/98 04/18/00 04/18/00 04/18/00 05/21/02 05/21/02 05/21/02
Date of grant by Board
of Directors 06/24/98 02/23/99 02/23/99 03/30/00 09/27/00 03/16/01 03/20/02 05/28/03 06/17/04 06/17/04
Adjusted number of
options outstanding as
of 12/ 31/05 (1) 39,608 3,271,078 2,437,023 4,102,260 5,188,459 4,190,416 2,865,326 2,995,400 1,550,493
Adjusted number of
options exercisable as
of 12/31/05 (1) 39,608 3,271,078 2,437,023 4,102,260 5,188,459 989,902
Adjusted exercise
price (1) €9.08 €6.38 €6.38 €7.29 €6.68 €5.12 €2.34 €1.26 €1.26
Number of participants
as of 12/31/05 12 311 309 434 660 471 493 306 77
Maximum term 10 yrs 10 yrs 10 yrs 10 yrs 10 yrs 12 yrs 12 yrs 12 yrs 8 yrs 8 yrs
Exercise period for
French tax residents (2)
Exercise period for non-
French tax residents
5 yrs from
6/24/03
7 yrs from
6/24/01
5 yrs from
2/23/04
7 yrs from
2/23/02
5 yrs from 5 yrs from
2/23/04 3/30/05
8 yrs from 8 yrs from 8 yrs from 4 yrs from 4 yrs from
3/16/05 3/20/06 5/28/07 06/17/08 06/17/08
7 yrs from 7 yrs from 7 yrs from 9 yrs from 9 yrs from 9 yrs from 5 yrs from 5 yrs from
2/23/02 3/30/03 09/27/03 3/16/04 3/20/05 5/28/06 06/17/07 06/17/07
(1) Following the May 7, 2004 and December 20, 2005 share capital increases, the Board of Directors adjusted the exercise price and number of options in
conformity with the provisions of the Commercial Code and regulations applicable to stock options.
(2) The Law of May 15, 2001 relating to new economic regulations modified the lock-up period applicable to the participants with tax residency in France.
This period is now four years and no longer five.
As of December 31, 2005, our employees held 26,640,063 options under our various stock option plans. Of that total, 3,146,206
options have been granted to members of the Board of Directors and the General Management Committee as of December 31,
2005.
76 Form 20 - F 2005 - Rhodia