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## Remuneration of Key Management Personnel for year ended 30 June 2010 (Senior Executives) 

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(a) Earned in respect of 2009/2010 financial year and paid in September 2010. 

(b) Includes the value of benefits such as cars, representational spouse travel and entertainment and Fringe Benefi ts Tax. 

(c) The fair value of LTI SPRs has been calculated using the Black-Scholes and Monte Carlo simulation methods. 

(d) Value of shares acquired under the AGL Share Purchase Plan. 

(e) Under Mr Fraser’s prior service agreement he was entitled to certain retention payments as a result of which he was allocated AGL shares which were acquired under the AGL Share Purchase Plan. 

(f) Includes salary sacrifi ce contributions. 

All executives are entitled to four weeks annual leave and long service leave based on statutory entitlements. 

## Remuneration of Key Management Personnel for year ended 30 June 2011 (non-executive Directors) 

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(a) No other benefits either short-term, long-term or termination were provided to non-executive Directors. 

(b) Value of fees allocated to acquire shares under the AGL Share Purchase Plan. 

(c) Ceased as an AGL Director in October 2010. 

## Remuneration of Key Management Personnel for year ended 30 June 2010 (non-executive Directors) 

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(a) No other benefits either short-term, long-term or termination were provided to non-executive Directors. 

(b) Includes salary sacrifi ce contributions. 

(c) Ceased as an AGL Director in October 2009. 

