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## Directors’ Report –  Remuneration Report 

for the financial year ended 31 March 2014 

continued 

## 1.3.6 Performance share units (PSUs) 

Executive Committee members are the only group of staff eligible to receive PSUs. Since their introduction, PSUs have been structured as DSUs with performance hurdles. Holders have no right to dividend equivalent payments before the PSUs vest. In all other respects, holders of these PSUs have the same rights as holders of DSUs. There is no exercise price for PSUs. The following table summarises the key terms of PSUs and the performance hurdles. 

<img src='content_image/251778.jpg'>

(1) The allocation of PSUs to the CEO, who is an Executive Voting Director, is subject to shareholder approval at the Annual General Meeting. 

