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## 7.4 Deferred shares, options and performance rights over equity instruments granted as compensation during 2012 

Details of deferred shares, options and performance rights over ordinary shares in the Company that were granted as compensation to each key management person during the reporting period are as follows: 

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(1) The maximum value at the time of the grant is determined by multiplying the number granted by the fair value of the equity instruments. The minimum value of the grants, if the applicable conditions are not met at vesting date, is nil. 

## 7.5 Options and performance rights granted since the end of the financial year 

The following performance rights were granted to KMP since the end of the financial year: 

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In addition to continued service to the Group ,the performance hurdle for the LTI plan has been linked to Company Total Shareholder Return (TSR) compared to S&P ASX200 companies at the date of grant. TSR represents the change in the value of a share plus the value of dividends paid. TSR was chosen as the most appropriate comparative measure as it focuses on the delivery of shareholder value and is a well understood and tested metric of performance. 

