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Movements in the number of share options outstanding and their related weighted average exercise price are as follows: 

<img src='content_image/152876.jpg'>

Share options outstanding at the end of the year have the following expiry date, exercise dates and exercise prices. 

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## Executive and Senior Management Long Term Incentive Plan 24 November 2010 

on 24 november 2010, shareholders approved at the annual General Meeting the establishment of an employee long term Incentive plan (ltI) to grant performance rights to executive directors, Key Management personnel and other Senior Management. performance rights will vest subject to the satisfaction of performance conditions which will be different for executive directors as compared with the Key Management personnel and Senior Management. 

## Executive directors and key Management Personnel 

performance rights granted to executive directors and six Key Management personnel are summarised below: 

<img src='content_image/152878.jpg'>

* Performance Rights in 2011 only granted to Executive Directors. 

the performance rights will vest in three equal tranches. In each tranche 50% of the rights are subject to a relative total Shareholder return (tSr) hurdle and the remaining 50% are subject to an epS growth hurdle. 

the proportion of rights subject to the relative tSr hurdle is dependent on Kathmandu holdings limited’s tSr performance relative to a defined comparable group of companies in new Zealand and australia listed on either the aSX or nZX, and with market capitalisation indicatively in a range between 300% and 45% of Kathmandu holdings limited market capitalisation. the percentage of tSr related rights vest according to the following performance criteria: 

<img src='content_image/152879.jpg'>

