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## Note 32 

## Key Management Personnel disclosure continued 

## MEREP PSU Awards of Key Management Personnel and their related parties 

For the financial year ended 31 March 2013 

<img src='content_image/228847.jpg'>

(1) Or date of appointment if later. (2) 

As discussed in note 1(xxi)—Summary of significant accounting policies, PSUs are granted in the financial year following the year of the Company’s performance to which the grant relates. PSUs disclosed as granted above relate to 2012. (3) 

Performance hurdles for PSU awards issued on or after 17 December 2009 and vesting at 1 July 2012 were not achieved and therefore those PSU awards did not become exercisable and lapsed. These awards are not exchangeable and related expense previously recognised on these PSU grants was reversed during the current and prior financial years.  (4) 

Mrs Sorbara was appointed to the Executive Committee on 1 January 2013. The opening balance on 1 April 2012 represents holdings at the date of appointment. 

