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## Directors’ Report –  Remuneration Report 

## for the financial year ended 31 March 2014 

## continued 

## MEREP PSU Awards to KMP 

The following tables set out details of MEREP PSU awards granted to Executive KMP. 

PSUs are granted in the financial year following the year of the Company’s performance to which the grant relates. For example, PSUs granted in August 2013 relate to the Executive KMP’s performance in the 2013 financial year. 

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