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## NOTEs TO THE FINANCIAL sTATEMENTs 

FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 

## 22. CONTRIBUTED EqUITY (CONTINUED) 

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* Amount is less than $1000 

## TERMS AND CONDITIONS OF CONTRIBUTED EQUITY 

## (A) oRdinARy SHAReS 

Ordinary shares entitle the holder to receive dividends as declared and, in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Ordinary shares entitle their holder to one vote, either in person, or by proxy, at a meeting of the Company. 

## (B) unVeSTed eMPloyee inCenTiVe SHAReS 

Shares in Fairfax Media Limited are held by the Executive Employee Share Plan Trust for the purpose of issuing shares under the Long Term Incentive Plan. Holders of ordinary shares are entitled to receive dividends as declared and are entitled to one vote per share at a meeting of the Company. 

## (C) deBenTuReS 

Debenture holders terms and conditions are disclosed in Note 1(U). 

## 23. REsERVEs 

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