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Stock Ownership for Directors:
Members of the Board of Directors are required to be shareholders of DTE
Energy. It is the sense of the Board that substantial stock ownership by
directors is important and should be encouraged. Accordingly, approximately 50%
of a director's compensation is in the form of equity. Currently, that equity
is comprised of phantom shares of DTE Energy common stock, which cannot be
disposed of in any manner until the director retires, and stock options.
Stock Ownership for Officers:
The DTE Energy Board of Directors established stock ownership guidelines in
2001 for senior management in order to more closely link their interests with
those of our shareholders. Under these guidelines, members of our senior
management are expected to own, within 5 years of their appointment to such
position, shares of DTE Energy stock having a value equal to a multiple of
their annual base salary as set forth below.
| Chairman and CEO | 5 times base salary |
| Presidents | 4 times base salary |
| Executive Vice Presidents | 3 times base salary |
| Senior Vice Presidents | 2 times base salary |
| Vice Presidents | 1 times base salary |
Subsidiary Presidents are considered to be at either the Vice President or
Senior Vice President level. |
