content_image/279849.jpg
The following share-based payment arrangements were in existence during the current and comparative reporting periods: 

<img src='content_image/279849.jpg'>

(1) 25% of the options vest subject to achievement of the Perennial Group’s three year Funds Under Management forecast and 25% based on the achievement of a compounding Group cash earnings per share in excess of 10% each year over the performance period. The remaining options and rights are subject to continuing employment with the Group. 

 On vesting of performance rights, ordinary shares are held in trust for up to two years from the vesting date, after which time they may remain in trust, be transferred to the employee’s name or sold. The employee receives all dividends on the ordinary shares while held in trust. The vesting of all issuances is subject to continuing employment. 

