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## Disclosure of share-based payment programmes 

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* The opening balance has been adjusted for 37,500 options that were reassessed as vested during the reporting period. The options outstanding at 30 June 2012 have an exercise price in the range of $2.98 to $9.99 and a weighted average contractual life of 2.8 years. The weighted average share price at the date of exercise for share options exercised during the year ended 30 June 2012 was $5.58 (2011: $6.84). 

