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## Cardno Limited and its Controlled Entities for the year ended 30 June 2010 

## Consequences of Performance on Shareholder Wealth 

In considering the Group’s performance and benefits for shareholder wealth, the Remuneration Committee has regard to the following indices in respect of the current financial year and the previous four financial years. 

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Over the past four years, the Group’s profit after income tax has grown at an average rate per annum of 42% and revenue from $101 million (2005) to $477 million (2010). During the same period average key management personnel total compensation has grown by approximately 16% per annum. 

## Performance Options & Rights 

Options and Rights granted to Executive Directors and Officers of the Company 

Details of vesting profiles of options and rights granted as remuneration to the Executive Directors and key management personnel and to the most highly remunerated Offices of the Group and still outstanding at 30 June 2010, including Rights granted during the financial year are as follows: 

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No options were issued to Executive Directors and key management personnel during the financial year. Non-Executive Directors do not participate in any of the Company’s incentive plans. 

No options and rights granted during the financial year have vested. No options or rights have been granted since the end of the financial year and up to the date of this report. No options or rights were exercised during the financial year. Details of the performance criteria are included on page 13. 

