ANNUAL FINANCIAL REPORT 2010 2010 - TiGenix

5.7 Shares and warrants heldby directors and executivemanagement5.7.1 Shares and warrants held byindependent and other non-executivedirectorsThe table below provides an overview (as at the date ofcompletion of the Contribution) of the Shares, EBIP options 12on Shares and warrants held by the independent and othernon-executive directors. This overview must be read togetherwith the notes referred to below.Ventech SA, representedby Mounia Chaoui-RoulleauTotal Shares, options onSharesOptions on existingShares under EBIPs (4)Warrantsexisting Shares underEBIPs and warrantsNumber % (1) Number % (1) Number % (2) Number % (3)0 0% 0 0% 0 0% 0 0%Koenraad Debackere 0 0% 0 0% 0 0% 0 0%Willy Duron 5,000 0.006% 0 0% 0 0% 5,000 0.006%Eduard Enrico Holdener 0 0% 73,828 0.1% 0 0% 73,828 0.09%Ysios Capital Partners0 0% 0 0% 0 0% 0 0%SGECR SA, representedby Joël Jean-MairetR&S Consulting BVBA 0 0% 0 0% 0 0% 0 0%Immocom NV 0 0% 0 0% 0 0% 0 0%Total 5,000 0.006% 73,828 0.1% 0 0% 78,828 0.1%Note(1) Calculated on the basis of row C of the overview of issued andoutstanding voting financial instruments, as shown in section 4.6.(2) Calculated on the basis of row F of the overview of issued and outstandingvoting financial instruments, as shown in section 4.6.(3) Calculated on the basis of row G of the overview of issued and outstandingvoting financial instruments, as shown in section 4.6.(4) This column refers to the number of existing Shares that the beneficiary ofthe EBIP options would receive upon exercise of his options with deliveryof 2.96 existing TiGenix Shares per EBIP option. In this respect for theEBIP 2008 options it has been assumed that they shall all be exchangedfor options on existing TiGenix Shares. For more information on the EBIPoptions, see section 5.7.4.Executive directors holding Shares, EBIP options on Shares orwarrants are included in section 5.7.2 below.12 For more information on the EBIP options, see section 5.7.4.97 •