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## Remuneration Report 

As Australia’s leading integrated renewable energy company, AGL seeks to maintain and grow its business by attracting and retaining the best possible people to align with driving increased shareholder value. It is important to be able to promote and recognise the excellence we demand by rewarding our Senior Executives appropriately. 

The Directors present the Remuneration Report for AGL Energy Limited and its consolidated entities for the year ended 30 June 2011 in line with Section 300A of the Corporations Act. 

This report covers the remuneration and benefits of AGL’s Key Management Personnel (KMP), which includes the five highest paid Senior Executives (the Top 5). 

## Key points for the year ended 30 June 2011 

We have structured the report into eight sections: 

1  Our remuneration policy 

2  Our remuneration framework 

3  Linking remuneration to performance 

4  Remuneration mix 

5  Key Management Personnel 

6  Remuneration disclosures: KMP 

7  Terms of Senior Executive contracts 

8  Non-executive Directors 

<img src='content_image/145837.jpg'>

## Abbreviations used in this report 

<img src='content_image/145838.jpg'>

