content_image/253963.jpg
Notes to the financial statements for the financial year ended 31 March 2014 continued 

## Note 32 Key Management Personnel disclosure continued 

## MEREP PSU Awards of Key Management Personnel and their related parties 

The following tables set out details of MEREP PSU awards held during the year for the Key Management Personnel including their related parties, on a Consolidated Entity basis. Further details in relation to the MEREP PSU awards are disclosed in note 33— Employee equity participation. 

<img src='content_image/253963.jpg'>

(1) As discussed in note 1(xxi)—Summary of significant accounting policies, PSUs are granted in the financial year following the year of the Company’s performance to which the grant relates. PSUs disclosed as granted above relate to 2013. (2) 

Performance hurdles for PSU awards issued on or after 17 December 2009 and vesting at 1 July 2013 were partially achieved and therefore some of those PSU awards did not become exercisable and lapsed. These awards are not exchangeable and the related expense previously recognised on these PSU grants was reversed during the current and prior financial years. (3) 

Adjustment of PSUs due to consolidation of one ordinary share into 0.9438 ordinary shares for shares held at the record date for the consolidation. (4) 

Or date of resignation/retirement if earlier. (5) 

Mr Maher ceased to be a member of the Executive Committee on 3 May 2013. The balance at 31 March 2014 represents his holdings at that date. (6) 

PSUs were formally issued on 17 February 2014. 

