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## Performance Share Unit (“PSU”) Plan 

The Company is permitted to issue up to 200,000 shares from treasury in settling bonus entitlements under the PSU Plan. 

Grants of PSUs will be at the discretion of the HR Committee, within the limitations of the PSU Plan and subject to the rules and policies of applicable regulatory authorities. PSUs may be issued under the PSU Plan to any eligible employee of the Company who have rendered meritorious services that contributed to the success of the Company, as determined by the HR Committee. Directors who are not full-time employees of the Company may not participate in the PSU Plan. The PSU Plan is expected to reward the Company’s management committee members for performance, which is expected to drive long-term shareholder value. 

The amount payable to each participant under the PSU Plan in respect of a particular grant of PSUs shall be determined by multiplying the number of PSUs (which will be adjusted in connection with the payment of dividends by the Company as if such PSUs were common shares held under a dividend reinvestment plan) by a performance multiplier to be determined by the Company’s Board of Directors and by the fair market value of a common share at the vesting date. The PSUs will vest at the end of a three year period if agreed upon performance measures are met. The measures for the PSU Plan will be approved annually by the HR Committee. 

The PSU Plan shall be paid by one or both of the following forms: (i) cash; or (ii) common shares. Common shares may be obtained from the market or from treasury of the Company in order to pay out PSUs in accordance with their terms. Issuances of PSUs also may not result in the following limitations being exceeded: (a) the aggregate number of shares issuable to insiders pursuant to the PSU Plan, the Plan or any other security based compensation arrangement of the Company exceeding 10% of the aggregate of the issued and outstanding shares at any time; and (b) the issuance from treasury to insiders, within a 12-month period, of an aggregate number of shares under the PSU Plan, the Option Plan and any other security based compensation arrangement of the Company exceeding 10% of the aggregate of the issued and outstanding shares. 

The following table illustrates the number (“No”) of, and movements in, PSUs during the period: 

<img src='content_image/197996.jpg'>

The carrying amount of the liability relating to the PSUs is as follows: 

<img src='content_image/197998.jpg'>

The share-based payment expense recognized in the fifty-two weeks ended December 28, 2013 was $1.2 million (fifty-two weeks ended December 29, 2012: $0.6 million). 

